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Isabel runs her family's small pineapple processing plant, which takes fresh pineapples and cuts them into pineapple rings, spears, and chunks. The capital stock of
Isabel runs her family's small pineapple processing plant, which takes fresh pineapples and cuts them into pineapple rings, spears, and chunks. The capital stock of the firm consists of three machines of various vintages, each of which can process the pineapples into any of the three different forms. All of the machines are in excellent condition, and all machines can be running at the same time. tabletableCost of Processingper PineappletableMaximum TotalCapacity Pineapplesper DayMachine $Machine Machine Assume that "cost of processing" includes all labor and materials, including the owner's wages. Assume further that Isabel's family signed a longterm contract years with a service company to keep the machines in good repair for a fixed fee of $ per year, or $ per day. Derive the firm's total cost curve. Using the multipoint curved line drawing tool, draw the total cost curve. Properin label your curve. Note: Use the multipoint curved line drawing tool one time to draw the entire curve.
Isabel runs her family's small pineapple processing plant, which takes fresh pineapples and cuts them into pineapple rings, spears, and chunks. The capital stock of the firm consists of three machines of various vintages, each of which can process the pineapples into any of the three different forms. All of the machines are in excellent condition, and all machines can be running at the same time.
tabletableCost of Processingper PineappletableMaximum TotalCapacity Pineapplesper DayMachine $Machine Machine
Assume that "cost of processing" includes all labor and materials, including the owner's wages. Assume further that Isabel's family signed a longterm contract years with a service company to keep the machines in good repair for a fixed fee of $ per year, or $ per day.
Derive the firm's total cost curve.
Using the multipoint curved line drawing tool, draw the total cost curve. Properin label your curve.
Note: Use the multipoint curved line drawing tool one time to draw the entire curve.
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