Macroeconomics
Complete the following table describing the short-run daily costs of the Jeans Company.
Labour
Output
Total
Variable
Cost
Total
Cost
Average Fixed
Cost
Average Variable Cost
Average
Total
Cost
Marginal
Cost
Marginal Product of Labour
0
0
0
1
10
15
50
2
50
30
3
110
50
4
160
60
5
200
65
6
230
70
7
255
100
Complete the following table describing the short-run daily costs of the Jeans Company.
