ECON 1B03 Lecture 1: ECON 1B03- Week 8 Module 6
17 views1 pages
12 Jan 2019
School
Department
Course
Professor
Get access
Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers
Related Documents
Related Questions
Kim hires students to clean houses at $450 a week. She leases equipment that costs $300 a week. The table gives Kim's total product and total cost schedules. At what output is Kim's average total cost at a minimum? Note: if two quantities have the same average total cost, we take the average quantity as that at the minimum average total cost. Kim's average total cost is at a minimum when she Cleans how many houses per week?
>>> Answer rounded to an integer.
students | houses per week | dollars per week |
0 | 0 | 300 |
1 | 2 | 750 |
2 | 5 | 1200 |
3 | 9 | 1650 |
4 | 14 | 2100 |
5 | 18 | 2550 |
6 | 21 | 3000 |