Cost of home 1

Analyze the costs of your household. The household is a group of people living under the same roof; it could father/mother/sons or it could be three roommates that
have rented an apartment. Those people share costs (for example, the rent) and tasks (cleaning).

Indicate, with real or fictitious numbers, which are (in one month):
Fixed costs
Variable costs
Total cost per month
Average fixed cost (per person)
Average variable cost (per person)
Average total cost (per person)

Suppose that the household receives two guests for Christmas and they stay one month. The total variable cost increases in \$ 500 in that month. Which is the marginal
cost?

Provide at least one reference. Answer in 120 words

Cost of home 1

Analyze the costs of your household. The household is a group of people living under the same roof; it could father/mother/sons or it could be three roommates that
have rented an apartment. Those people share costs (for example, the rent) and tasks (cleaning).

Indicate, with real or fictitious numbers, which are (in one month):
Fixed costs
Variable costs
Total cost per month
Average fixed cost (per person)
Average variable cost (per person)
Average total cost (per person)

Suppose that the household receives two guests for Christmas and they stay one month. The total variable cost increases in \$ 500 in that month. Which is the marginal
cost?

Provide at least one reference. Answer in 120 words