Question: . . Total xed Total variable Total Labor (mechanics) Output (bikes) costs (dollars) cost (dollars) cost (dollars) --_ The table above gives costs at Lance's


. . Total xed Total variable Total Labor (mechanics) Output (bikes) costs (dollars) cost (dollars) cost (dollars) --_ The table above gives costs at Lance's Bike Shop. While Lance is a bike enthusiast, unfortunately, Lance's record keeping has been spotty. Each mechanic is paid $160 a day and labor costs are the only variable costs of production. What is the marginal cost of producing the 50th bike? Lance's marginal cost of producing the 50th bike is $ [Round your answer to two decimals.]
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