(Table: Marie's Textbook Company) Look at the Table Marie's Textbook

question 88

Essay

(Table: Marie's Textbook Company) Look at the table Marie's Textbook Company.Marie has a small publishing company that produces textbooks.She has fixed costs of $500 per month and hires workers for $2,000 each per month.The table shows Marie's monthly production function.With as much precision as possible, calculate the following:
a) total cost of production when four workers are employed
b) the output level that produces the lowest average total cost
c) the price that Marie must charge in order to break even on the production of 130 textbooks

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