Questions 9 10 Number of Workers Total Cost 0 1000 1 2200 2

Questions 9 & 10 Number of Workers Total Cost 0 1000 1 2200 2 3200 3 4000 4 4600 5 5000 6 5200 7 5600 8 6200 9 7000 10 8000 9. Use the above chart to calculate the marginal cost of hiring the 7th worker is 10. Use the chart above to calculate Average Cost of hiring 5 workers.

Solution

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