At what output is Lens average total cost at a minimum? At what output is Lens average
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At what output is Len’s average total cost at a minimum? At what output is Len’s average variable cost at a minimum?
Len’s body board factory pays $60 a day for equipment and $200 a day to each student it hires. Table 1 sets out Len’s total product schedule.
Transcribed Image Text:
TABLE 1 Labor (workers per day) 67234 0 1 Total product (body boards per day) 0 20 44 60 72
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According to the table Lens average total cost is at a minimum at 44 body boards a day and Lens aver...View the full answer
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