of Land of Labor (acres) (workers) 75 150 250 375 (Table: Bonnie\'s Production F
ID: 1121756 • Letter: O
Question
of Land of Labor (acres) (workers) 75 150 250 375 (Table: Bonnie's Production Function for Good Z) Look at the table Bonnie's Production Function for Good Z. The costs that vary with Bonnie's level of production are her A. variable costs. O B. fixed costs. oc. rent and insurance QUESTION 17 1 points Save Answe No. of Output 10 35 48 Ret 11-22 that specializes in selling mud statues. You pay $10 per day on a loan from your uncle, and regardless of how much you produce, you pay $10 per day to each of the workers who make the mud statues. The total cost of producing 43 A. $10. e. $50 C. $40. D. $20Explanation / Answer
16. a) Variable costs
Variable costs are the costs which changes with the change in output.
17. Total cost = Total fixed cost + Total variable cost (cost of labor) = $ 10 + 4 x 10 = $ 50
answer is b) $ 50
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