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Homework answers / question archive / Output oil changes per hour Total cost dollars per hour 0 10 1 20 2 35 3 50 4 80   The above table gives the total cost schedule for oil changes at the local Jiffy Lube

Output oil changes per hour Total cost dollars per hour 0 10 1 20 2 35 3 50 4 80   The above table gives the total cost schedule for oil changes at the local Jiffy Lube

Accounting

Output oil changes per hour Total cost dollars per hour
0 10
1 20
2 35
3 50
4 80

 

The above table gives the total cost schedule for oil changes at the local Jiffy Lube.

a. What is Jiffy Lube's total fixed cost?

b. What is the total variable cost of 2 oil changes?

c. What is the average variable cost of 4 oil changes?

d. What is the average fixed cost of 2 oil changes?

e. What is the marginal cost of the 3rd oil change?

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