mathxl.com Fall 2017 -Mi Online Sally-Marie Ryan 12/1/1 7 11:47AM Homework: Home

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mathxl.com Fall 2017 -Mi Online Sally-Marie Ryan 12/1/1 7 11:47AM Homework: Homework 9 (Ch 14) Score: 4.5 of 6 pts 10 of 18 (18 complete) Hw Score: 87.77%, 82.5 of 94 pts rses a) Instructor Assignable 4 Question Help * Home Wayne runs a worm farm in Lakewood, Washington. Total product cost nments Wayne pays $1300 a week for equipment and $300 a week to each worker he Labor (worms (dollars per (dollars per (workers) per week) hires. 1,500 3 3,000 3,750 Complete Wayne's total variable cost and total cost schedules. Fill in the table. Clear All 1 Pamaining

Explanation / Answer

Ans:

Fixed cost = $1300

Total cost = Variable cost + Fixed cost

Table showing total variable cost and total cost.

Labor Total product Total variable cost Total cost 1 1500 $300 * 1 = $300 $300 + $1300 = $1600 2 3000 $300 * 2 = $600 $600 + $1300 = $1900 3 3750 $300 * 3 = $900 $900 + $1300 = $2100

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