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.

TABLE 1 Labor (workers per day) 67234 0 1 Total product (body boards per day) 0 20 44 60 72

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 08, 2023 07:47 AM

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At what output is Lens average total cost at a minimum? At what output is Lens average

Question:

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

Foundations Of Economics

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