14.
Remember that Jamie has to pay her workers $20 per hour, and there are no other production costs. Using the data to the right we know that Jamie's
Average Total Cost
when 40 units are produced is:
$2.00
$5.00
$20.00
$40.00
$80.00
Number of Workers
Total Output
1
10
2
22
3
31
4
40
5
47
6
52
7
56
8
58
9
60
10
61
Copyright
©
1995-2004
OnLineTexts.com
, Inc. - All Rights Reserved