Marcel leases a garage. He must pay $400 every week for his lease regardless of how many cars he fixes. The number of cars he fixes each week depends on how many mechanics he hires. The table below summarizes his cost information. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Instructions: Enter your answers as a whole number, Marcel's Production Costs Total Fixed Output 0 15 25 45 55 Cost (dollars) $400 400 Total Variuble Cost (dollars) 50 400 800 1,200 Total Cost (dollars) $400 2,000 2,400

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
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Marcel leases a garage. He must pay $400 every week for his lease regardless of how many cars he fixes. The number of cars he fixes
each week depends on how many mechanics he hires. The table below summarizes his cost information.
Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below.
Instructions: Enter your answers as a whole number,
Marcel's Production Costs
Total Fixed
Output
0
15
25
35
45
55
Cost
(dollars)
$400
400
Total Variable
Cast (dollars)
50
400
800
1,200
Total Cost
(dollars)
$400
2,000
2,400
Transcribed Image Text:Marcel leases a garage. He must pay $400 every week for his lease regardless of how many cars he fixes. The number of cars he fixes each week depends on how many mechanics he hires. The table below summarizes his cost information. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Instructions: Enter your answers as a whole number, Marcel's Production Costs Total Fixed Output 0 15 25 35 45 55 Cost (dollars) $400 400 Total Variable Cast (dollars) 50 400 800 1,200 Total Cost (dollars) $400 2,000 2,400
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