Suppose that Bill owns an automobile collision repair shop and the table below s
ID: 1144931 • Letter: S
Question
Suppose that Bill owns an automobile collision repair shop and the table below shows the quantity of cars repaired per month according to how many workers Bill hires. Assume he pays each worker $5,000 per month and his fixed cost equals $6,000 per month.
(A chart: Quantity of Workers Quantity of Cars per Month Fixed Cost Variable Cost Total Cost Average Total Cost )
similar to this answer: need graph completed as shown in bold
Question: Suppose that Bill owns an automobile collision repair shop and the table below shows the quantity...
Show transcribed image textSuppose that Bill owns an automobile collision repair shop and the table below shows the quantity of cars repaired per month according to how many workers Bill hires. Assume he pays each worker $5,000 per month and his fixed cost equals $8,000 per month. Using the information provided, complete the table given below. (Enter your responses rounded to two decimal places.)
Suppose that Bill owns an automobile collision repair shop and the table below shows the quantity of cars repaired per month according to how many workers Bill hires. Assume he pays each worker $5,000 per month and his fixed cost equals $8,000 per month. Using the information provided, complete the table given below. (Enter your responses rounded to two decimal places.) Quantity of Workers Quantity of Cars per Month Average Total Cost Variable Cost Fixed Cost $8,000 20 30 40 50Explanation / Answer
Quantity of workers
Quantity of cars per month
Fixed cost
Variable cost
Total cost
Average Total cost
0
0
8000
0
8000
-
1
20
8000
5000
13000
650
2
30
8000
10000
18000
600
3
40
8000
15000
23000
575
4
50
8000
20000
28000
560
5
55
8000
25000
33000
600
Quantity of workers
Quantity of cars per month
Fixed cost
Variable cost
Total cost
Average Total cost
0
0
8000
0
8000
-
1
20
8000
5000
13000
650
2
30
8000
10000
18000
600
3
40
8000
15000
23000
575
4
50
8000
20000
28000
560
5
55
8000
25000
33000
600
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