Question: Labor ( workers ) Output ( bikes ) Total fixed costs ( dollars ) Total variable cost ( dollars ) Total cost ( dollars )

Labor (workers) Output (bikes) Total fixed costs (dollars) Total variable cost (dollars) Total cost (dollars)
00200
120100
250
360
464
The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?
Group of answer choices
$200
$500
$400
$300

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