SHORT$-$RUN COST SCHEDULE

Labor Output Fixed Costs Variable Costs Total Costs

$00$ $$0$

$12,500$ $$25,000$

$27,000$

$314,000$

$422,000$

$529,000$

$633,000$ $$30,000$

Suppose labor is the only variable input to production and that all workers are paid equally.

Accordingly, what is the value of fixed costs when this company hires five workers?

a$.$

$$0$

b$.$

$$5,000$

c$.$

$$10,000$

d$.$

$$20,000$

e$.$

$$25,000$