Question
Answered step-by-stepAsked by CommodoreFalcon2755 on coursehero.com
When Tom produces 93 melons a day, the average total cost is -----...
Image transcription text
Tom leases a farmer's field for $100 a day and grows melons. He pays students $70 a day to pick melons and he leases capital at $100 a days Labor Output
(students) (melons per day) The table gives the daily output. 0 0 1 25
What is Tom's total cost and average total cost if he produces 93 melons a day? 2 55 3 75 4 93 5 109
When Tom produces 93 melons a day, total cost is 6 123
$ a day 7 135
When Tom produces 93 melons a day, the average total cost is ----- a melon.
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Peter's body board factory rents equipment for shaping boards and hires students. Total .
Peter pays $70 a day for equipment and $160 a day for each student hired. Labor product Total varlable Total
cost cost
The table shows Peter's total product schedule' (Workers (body hoards Per
per day) day) (dollars per day)
E) 2 126 3 1 98
4 258
5 306 Construct Peter's total variable cost and total cost schedules, Fill in the columns in the table.
Image transcription text
Celia's candle factory rents equipment for making candles and hires students.
Celia pays $170 a day for equipment and $200 a day to each student she hires. The table shows Celia's total product schedule. Calculate Celia's average fixed cost, average variable cost, average total cost, and marginal cost and complete the
table. >>> Answer to 2 decimal places. Total Average Average Average Marginal
Labor product fixed variable total cost
(workers (candles 905' °°St 505' (dollars par
per day) per day) (dollars per candle candle)
1 1 5
2 33
3 54
Answer & Explanation
Solved by verified expertAnswered by mshanric on coursehero.com
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Other answer
Answered by ketakiray on coursehero.com
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