Wat number of drivers seems to minimize marginal cost of

Reference no: EM13452951

Jennifer Trucking Company operates a large rig transportation business in Texas that transports locally grown vegetables to San Diego, California. The company owns 5 large rigs and hires local drivers paid fixed salaries monthly, regardless of the number of trips or tons of cargo that each driver transports each month. The below table presents details about the number of drivers and the total cargo transported by the company at different staff levels.

Drivers employed

Total Cargo Transported (tons)

a. Which inputs are fixed and which are variable in the production function of Jennifer Trucking Company? Over what ranges do there appear to be increasing, constant and/or diminishing returns to the number of drivers employed?

b. What number of drivers appears to be most efficient in terms of output per driver?

c. What number of drivers appears to minimize the marginal cost of transportation assuming that all drivers are paid the same salary?

Reference no: EM13452951

Questions Cloud

Evaluate the value of tvc for salesoutput level 250000 : over the past 12 months the four winds novelty company firm has recorded its internet sales equals monthly output

Safety plan you are the safety and occupational health : safety plan you are the safety and occupational health professional for your cityrsquos health department. you received

What is the theory of social construction and why has it : please write a short 1.5-2 page response to one of the following prompts.1. a number of our authors explore the

The pizza company actually made 9000 pepperoni pizzas and : the pizza company makes two types of frozen pizzas pepperoni and cheese. the pizza company allocates overhead to these

Wat number of drivers seems to minimize marginal cost of : jennifer trucking company operates a large rig transportation business in texas that transports locally grown

Heinrich summarized what he thought health and safety : heinrich summarized what he thought health and safety decision makers should know about accidents. identify his 10

Write a 550 word essay based on the issue of ways in which : write a 550 word essay based on the issue of ways in which the internet has changed political interactions globally.

Identify and discuss the effects a growing human : 1.identify and discuss the effects a growing human population may have on that ecosystems resources including loss or

There are a variety of theories of motivation many of which : 1. there are a variety of theories of motivation many of which are complementary. of the main motivational theories

User Account

All Pages