Essay
SeakayakingUK is a small business that makes sea kayaks. The owner, Nigel, hires labor at a wage of $100 per day per worker. The factory costs $200 per day whether or not any kayaks are made. The table shows the relationship between the number of kayaks produced and the number of workers. Calculate and graph the marginal and average costs (fixed, variable, total). What do you observe about the relationship between average cost and marginal cost?
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