Question: 8 0 Suppose Ralph own a chicken processing plant with the total cost function shown in the accompanying table. What is Ralph's fixed cost? Ralph's

80 Suppose Ralph own a chicken processing plant with the total
cost function shown in the accompanying table.
What is Ralph's fixed cost?
Ralph's fixed cost: $
\table[[\table[[Quantity of],[Chickens]],Total Cost ($)],[0,800],[1,000,1,000],[2,000,1,200],[3,000,1,400],[4,000,1,500],[5,000,1,600],[6,000,1,800],[7,000,2,000],[8,000,2,400]]
Ralph pays his workers $100 each, and labor is the only variable cost. At a quantity of 6000 chickens, how many workers does he hire?
number of workers Ralph hires:
Why does total cost increase faster as output increases?
There are diminishing returns to labor.
The fixed cost increases.
The variable cost increases.
There are increasing returns to scale.
8 0 Suppose Ralph own a chicken processing plant

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