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Author Question: The following data show the total output for a firm when different amounts of labour are combined ... (Read 49 times)

lrhoads

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on: Oct 12, 2022
The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50.

Labour per periodTotal output per period
0   0
1  10
2  30
3  90
4132
5150

TABLE 7-3

Refer to Table 7-3. At what level of output does average total cost reach a minimum?
◦ 150
◦ 30
◦ 132
◦ 90
◦ ATC declines continuously over the range of output shown.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lrhoads on Oct 12, 2022

lactosetheintolerant

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lrhoads

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Reply 2 on: Oct 12, 2022
Excellent

jordangronback

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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