Question: Construct the average fixed cost, average variable cost, and average total cost schedules and the marginal cost schedule. Lens body board factory pays $60 a

Construct the average fixed cost, average variable cost, and average total cost schedules and the marginal cost schedule.

Len’s body board factory pays $60 a day for equipment and $200 a day to each student it hires. Table 1 sets out Len’s total product schedule.

TABLE 1 Labor (workers per day) 67234 0 1 Total product (body boards per day) 0 20 44 60 72

TABLE 1 Labor (workers per day) 67234 0 1 Total product (body boards per day) 0 20 44 60 72

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