Question: Part A Question 4 Part (i) (12 Marks) Refer to the tables below. Write your answers in the appropriate spaces in the tables provided, correct


Part A Question 4 Part (i) (12 Marks) Refer to the tables below. Write your answers in the appropriate spaces in the tables provided, correct to 2 decimal places (where appropriate). A firm has fixed costs = $180 and cost per employee per day = $60. AAV B a) Use the information provided to fill in the cost data in each column. (4 Marks) Variable Fixed Cost Total Cost Average Average Marginal Number of Total Cost (VC) (FC) (TC) Variable Total cost Employees Product Cost (AVC) (ATC) cost (MC) S $ $ 0 0 40 2 110 W 160 200 un 230 6 250 260 8 265Price in the Profit maximising Profit at that market output for the Operate in the Operate in the firm output Short Run? Long Run? $0.86 $1.50 $3.00 $12.00
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