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Help Mad Mildred's Magic Mall by determining the missing values in the table A: Total fixed cost with two workers per day: \( \$ \) B: Total variable cost with three workers per day: \$
Help Mad Mildred's Magic Mall by determining the missing values in the table A: Total fixed cost with two workers per day: \( \$ \) B: Total variable cost with three workers per day: \$
By examining the relationship between these values, we candeterminethe missing values in the table. It's important to understand theconceptsof fixed cost and variable cost to solve this problem accurately.To determine the missing values in the table, we need to understand the concepts of fixed cost and variable cost.1. Fixed cost: This is the cost that remains constant regardless of the level of production or the number of workers. In this case, the fixed cost is given as ( $ )A when there are two workers per day.2. Variable cost: This is the cost that changes with the level ofproductionor the number of workers. In this case, the variable cost is given as ( $ )B when there are three workers per day.To find the missing values:1. Look at the given fixed cost when there are two workers per day (( $ )A).2. Look at the given variable cost when there are three workers per day (( $ )B).3. Compare the two values and see if there is any pattern or relationship between them. Based on this relationship, you can determine the missing values in the table.Fixed cost refers to the cost that remains constant regardless of the level of production or the number of workers. In this case, the fixed cost is given as ( $ )A when there are two workers per day. This means that no matter how many units areproducedor how many workers are employed, the fixed cost will remain the same.On the other hand, variable cost is the cost that changes with the level of production or the number of workers. In this case, the variable cost is given as ( $ )B when there are three workers per day. This indicates that the variable cost increases as the number of workers increases.To find the missing values in the table, we need to compare the fixed cost with two workers (( $ )A) and the variable cost with three workers (( $ )B). By examining therelationshipbetween these values, we can determine the missing values in the table.For example, if we notice that the variable cost is always twice the fixed cost, we can calculate the missing values by multiplying the fixed cost by 2. If the variable cost is always half the fixed cost, we can calculate the missing values by dividing the fixed cost by 2.In conclusion, understanding the concepts of fixed cost and variable cost is crucial in determining the missing values in the table. By analyzing the relationship between the fixed and variable costs, we can find themissingvalues accurately.To know more aboutvariable costvisit:brainly.com/question/31811001#SPJ11...