Table with given information of output and cost

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Reference no: EM1315443

Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:

Number of worker Hours	Output	Marginal Product	Fixed cost	Variable cost	Total cost	Marginal cost	Average Variable cost	Average total cost
0	0				20,000
50	400				20,250
100	900				20,500
150	1300				20,750
200	1600				21,000
250	1800				21,250
300	1900				21,500
350	1950				21,750

Reference no: EM1315443

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