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3 4 Tom pays a daily fee of $100 to occupy an ice cream stand in the mall. He pays his workers $90 per day to make and sell ice cream. Complete the table below. Round to two decimal places. Tom's Ice Cream Shop 2 Labor (L) (Q) (workers) (ice cream) 1 O Output 44 60 70 0 20 Fixed Costs (FC) Variable Costs (VC) = wage x labor 270 360 Total Costs (TC) = FC+VC 190 370

3 4 Tom pays a daily fee of $100 to occupy an ice cream stand in the mall. He pays his workers $90 per day to make and sell ice cream. Complete the table below. Round to two decimal places. Tom's Ice Cream Shop 2 Labor (L) (Q) (workers) (ice cream) 1 O Output 44 60 70 0 20 Fixed Costs (FC) Variable Costs (VC) = wage x labor 270 360 Total Costs (TC) = FC+VC 190 370

Survey Of Economics
Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 6SQP
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3 4 Tom pays a daily fee of $100 to occupy an ice cream stand in the mall. He pays his workers $90 per day to make and sell ice cream. Complete the table below. Round to two decimal places. Tom's Ice Cream Shop 2 Labor (L) (Q) (workers) (ice cream) 1 O Output 44 60 70 0 20 Fixed Costs (FC) Variable Costs (VC) = wage x labor 270 360 Total Costs (TC) = FC+VC 190 370
Transcribed Image Text:3 4 Tom pays a daily fee of $100 to occupy an ice cream stand in the mall. He pays his workers $90 per day to make and sell ice cream. Complete the table below. Round to two decimal places. Tom's Ice Cream Shop 2 Labor (L) (Q) (workers) (ice cream) 1 O Output 44 60 70 0 20 Fixed Costs (FC) Variable Costs (VC) = wage x labor 270 360 Total Costs (TC) = FC+VC 190 370
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