This module has focused.
Building a Birdhouse This module has focused on different business costs. For this week’s paper, go to your local hardware store and price the materials for building a birdhouse. For simplicity, assume the materials for making a birdhouse are: One 1 lb. box of #14 x 1-1/2 in 4 penny nails One birdhouse kit One hour of labor (use the minimum wage for the hourly rate) A fixed cost of $50 to rent a workshop In a paper: Calculate the average total cost, average variable cost, average fixed cost, and marginal cost for making one, two, three, four, five, six, seven, eight, nine, and ten birdhouses. Show your work for the calculations and create a table with just cost numbers. Create the graphs for each of the cost numbers. Graph them on the same graph. Recalculate the costs assuming the cost to rent the workshop dropped to $25. Compare the new calculations with the old calculations. Adhere to the following standards: Your paper should be 3-4 pages in length, not including the title or references pages. Include at least 3 scholarly references. The Economics Library Guide (Links to an external site.) is a good tool to use to start your research (sources such as The Balance, EconomicsHelp.org, Investopedia, and similar websites are not acceptable). Review the grading rubric for Module 4. Be sure to follow the CSU Global Writing Center (Links to an external site.) for your citations
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