The table below shows the production function of Bonnies Balloon Rides. Bonnies pays $500/day for each Balloon
Question:
On the LRAC what is the average cost of producing:
15 rides a day
18 rides a day
Assume # of Balloons rented
Labor(workers per day) 1 2 3 4
10 6 10 13 15
20 10 15 18 20
30 13 18 22 24
40 15 20 24 26
50 16 21 25 27
Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke