Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places.
Labor (workers per day) | Output (units per day) | Total fixed cost ($ per day) | Total variable cost ($ per day) | Total cost ($ per day) |
---|---|---|---|---|
0 | 0 | 50 | 0 | 50 |
1 | 8 | 50 | 25 | 75 |
2 | 12 | 50 | 50 | 100 |
3 | 20 | 50 | 75 | 125 |
4 | 25 | 50 | 100 | 150 |
5 | 32 | 50 | 125 | 175 |
What is the marginal cost of going from 2 workers per day to 3 workers per day?
marginal cost of the third worker: $
What is the marginal cost of going from 4 workers per day to 5 workers per day?
marginal cost of the fifth worker: $
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