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-(Table: Workers and Output) Look at the table Workers and Output. After graduation you achieve your dream of opening an art shop that specializes in selling mud statues. You pay $10 per day on a loan from your uncle, and regardless of how much you produce, you pay $10 per day to each of the workers who make the mud statues. The total cost of producing 43 statues is:
A) $10.
B) $20.
C) $40.
D) $50.

Question

Use the following to answer questions: 
-(Table: Workers and Output) Look at the table Workers and Output. After graduation you achieve your dream of opening an art shop that specializes in selling mud statues. You pay $10 per day on a loan from your uncle, and regardless of how much you produce, you pay $10 per day to each of the workers who make the mud statues. The total cost of producing 43 statues is:
A) $10. 
B) $20. 
C) $40. 
D) $50.

Quizplus · Accepted Answer

The total cost includes both the fixed cost (loan payment) and the variable cost (wages for workers). Assuming the number of workers needed to produce 43 statues is 4 (based on typical production tables), the cost would be $10 (loan) + $40 (4 workers x $10 each) = $50.

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