Question: Use the table below to answer the following questions. Table 10.3.2 Labour (workers per day) Output (teapots per (dollars per day) TFC day) TVC day)
Use the table below to answer the following questions. Table 10.3.2 Labour (workers per day) Output (teapots per (dollars per day) TFC day) TVC day) TC (dollars per day) 0 0 30 0 30 1 3 30 20 -- 2 8 30 40 -- 3 12 30 60 -- 4 14 30 -- 110 5 15 30 -- 130 Refer to Table 10.3.2, which gives Tania's Teapots' total cost schedule. The average total cost of producing 14 teapots is $7. $6.75. $27.50. $1.75. $7.86
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