To grow melons, Ty leases 1 field for $40 a day and capital for $100 a day and hires students at $90 a day Suppose that Ty now leases 2 fields for $80 a day and twice as much capital for $200 a day The table shows Ty's output What is Ty's average total cost of a melon when he farms 2 fields and produces 822 melons a day? ccm When Ty farms 2 fields and produces 822 melons a day, his average total cost is $a melon >>>Answer to 2 decimal places Labor (students) 10 1 2 3 4 5 6 7 Output 1 field 0 80 (melons per day) 180 300 400 480 Output 2 fields 540 580 0 176 376 620 822 984 1106 1187

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Chapter1: Making Economics Decisions
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To grow melons, Ty leases 1 field for $40 a day and capital for $100 a day and hires
students at $90 a day
Suppose that Ty now leases 2 fields for $80 a day and twice as much capital for $200 a
day
The table shows Ty's output
What is Ty's average total cost of a melon when he farms 2 fields and produces 822
melons a day?
com
When Ty farms 2 fields and produces 822 melons a day, his average total cost is $a
melon
>>>Answer to 2 decimal places
Labor
(students)
10
1
2
3
4
5
6
7
Output
1 field
(melons per day)
0
80
180
300
400
480
Output
2 fields
540
580
0
176
376
620
822
984
1106
1187
Transcribed Image Text:To grow melons, Ty leases 1 field for $40 a day and capital for $100 a day and hires students at $90 a day Suppose that Ty now leases 2 fields for $80 a day and twice as much capital for $200 a day The table shows Ty's output What is Ty's average total cost of a melon when he farms 2 fields and produces 822 melons a day? com When Ty farms 2 fields and produces 822 melons a day, his average total cost is $a melon >>>Answer to 2 decimal places Labor (students) 10 1 2 3 4 5 6 7 Output 1 field (melons per day) 0 80 180 300 400 480 Output 2 fields 540 580 0 176 376 620 822 984 1106 1187
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