Santiago Delgado owns a copier store. He leases two copy machines for which he pays $20 each per day. He cannot increase the number of machines he leases without giving the office machine company six weeks’ notice. He can hire as many workers as he wants, at a cost of $40 per day per worker. These are the only two inputs he uses to produce copies. Enter your responses for FC, VC, and TC as integers and round your responses for ATC and MC to two decimal places. Quantity of Workers Quantity of Copies per day FC VC TC ATC(S) MC($)
0 0 40 0 40 - -
1 600 40 40 80 .13 .06
2 1100 40 80 120 .11 .08
3 1500 40 120 160 .10 .10
4 1800 40 160 200 .11 .13
5 2000 40 200 240 .12 .20
6 2100 40 240 280 .13 .40
The average total cost curve and the marginal cost curve are U shapedThe average total cost curve and the marginal cost curve are related in that the MC curve passes through the minimum point of the ATC curve.

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available. two-thirds of the work related to $15,000 of cash received in advance was performed this period. the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired. wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

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