Answer on Microeconomics Question for Bessie Allen
TC = FC (fixed costs) + VC (variable costs)
FC = $6 (from condition)
VC = 7 (workers) * $10 (variable cost per unit of labor) = $70
TC = $6 + $70 = $76
Q = 90 (if there are 6 workers) + 4 (marginal product of 7th worker) = 94
ATC = $76 / 94 = 0.81 USD per unit of output
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