Solution-Number of bartenders, Assume that the

Number of bartenders

Reference no: EM131284416

Assume that the Houndstooth's output (the number of drinks it sells) depends only on the number of bartenders it has working at any given time. Moreover, assume that each bartender costs the Houndstooth $120 a day and that they have a fixed cost of $600 a day. Use this information to complete the following cost table.

Bartenders	Drinks (Quantity)	Marginal Product	Total Cost	Average Total Cost	Marginal Cost
0	0	---	$600	---	---
1	160	160	720
2	400	240	840
3	720	480	960
4	960	480	1080
5	1120	640	1200
6	1200	560	1320
7	1240	680	1440

Reference no: EM131284416

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Number of bartenders

Reference no: EM131284416

Reference no: EM131284416

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