At what output is yolanda''s average total cost at a minimum

Reference no: EM131298026

Yolanda runs a bullfrog farm.When she employs 1 person, she produces 1,000 bullfrogs a week. When she hires a second worker, her total product doubles. Her total product doubles again when she hires a third worker. When she hires a fourth worker, her total product increases but by only 1,000 bullfrogs. Yolanda pays $1,000 a week for equipment and $500 a week to each worker she hires.

At what output is Yolanda's average total cost at a minimum?

Reference no: EM131298026

Questions Cloud

Discribe about the factors affecting location : describe the following for each retail establishment listed:a. Type of retail location,b. Factors affecting location (consumer shopping situations),c. What considerations might the retailer had to have considered when thinking about their..

What are the nash equilibria of this game : ECON 421 Problems. Suppose players 1 and 2 have to jointly decide whether to go to a BC Lions (L) or Canucks (C) game. What are the Nash equilibria of this game (pure and mixed)

Discuss two forms of healthcare delivery : Discuss two forms of healthcare delivery. What are the advantages and disadvantages of using this type of delivery? How are they financed?

How the rising price of grain affects the average total cos : Grain prices go the way of the oil price Rising grain prices have started to impact the price of breakfast for millions of Americans-cereal prices are rising.

At what output is yolanda''s average total cost at a minimum : Yolanda runs a bullfrog farm.When she employs 1 person, she produces 1,000 bullfrogs a week. When she hires a second worker, her total product doubles. Her total product doubles again when she hires a third worker

Describe one major atmospheric water or soil pollutant : Describe 1 major atmospheric, water, or soil pollutant. In your description, indicate the source and consequence of the pollutant. Describe a way in which people could reduce the production of this pollutant.

Discrimination and the robinson-patman act : Discuss price discrimination and the Robinson-Patman Act? Please provide examples.

Calculate yolanda''s total fixed cost : Construct Yolanda's total variable cost and total cost schedules. Calculate Yolanda's total fixed cost.

Write about suppliers- direct and online marketing : write about "Suppliers, Direct and online marketing"

User Account

All Pages