ProgrammersWebsitesMarginal ProductVariable CostTotal CostAverage Fixed CostAverage Variable CostAverage Total CostMarginal Cost00--4000----12220006000 26440008000 3148600010000 4206800012000 52441000014000 62621200016000 Webby pays $4,000 a month in rent for office space and equipment. It pays each programmer $2,000 a month. There are no other production costs. Fill in the rest of the columns.

We have fixed cost = 4000 And the wage=2000, paid to programmers is the varaiable cost.

Answered: Webby pays $4,000 a month in rent for…

Webby pays $4,000 a month in rent for office space and equipment. It pays each programmer $2,000 a month. There are no other production costs. Fill in the rest of the columns.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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Question

Programmers	Websites	Marginal Product	Variable Cost	Total Cost	Average Fixed Cost	Average Variable Cost	Average Total Cost	Marginal Cost
0	0	-	-	4000	-	-	-	-
1	2	2	2000	6000
2	6	4	4000	8000
3	14	8	6000	10000
4	20	6	8000	12000
5	24	4	10000	14000
6	26	2	12000	16000

Webby pays $4,000 a month in rent for office space and equipment. It pays each programmer $2,000 a month. There are no other production costs. Fill in the rest of the columns.

Definition Definition Measure of the cost of production per unit of output, including only variable costs such as wages, materials, and utilities. AVC is calculated by dividing total variable cost by the number of units produced. Understanding average variable cost is important for businesses to make decisions on pricing, production levels, and profitability.

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