Question: Section 3 Total Average Average Labor Output Total fixed variable Total cost total cost variable cost (workers) (bikes) costs (dollars) cost (dollars) (dollars) 0 200

Section 3 Total Average Average Labor Output Total fixed variable Total cost total cost variable cost (workers) (bikes) costs (dollars) cost (dollars) (dollars) 0 200 20 100 IN 50 60 64 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. Complete the table then answer: What is the total cost of producing 50 bikes
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