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Assume that Len pays $300 per week for equipment and rent, and $1,000 per week to each worker. Assume a regular work week of five days. Given his...

Assume that Len pays $300 per week for equipment and rent, and $1,000 per week to each worker. Assume a regular work week of five days. Given his total product schedule,
labor:0 1 2 3 4 5 6 7 Total product:0 20 44 60 72 80 84 86
what is TFC, TVC TC AFC AVC ATC MC?

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Dear Student, Attached solutions. We have assumed that total product... View the full answer

solution.doc

Assumption: The given total product schedule is for 1 day. Therefore, we have to multiply the total product per day by 5­days a week, to arrive at the total product per week.
Number of Total...

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