Question: The table below shows the cost information (per day) for a winery when they rent three different amounts of land to grow grapes: one field,
The table below shows the cost information (per day) for a winery when they rent three different amounts of land to grow grapes: one field, two fields, or three fields.
In the long run, if the firm is producing 4 units, what would be their daily average total cost?
| Q | TC (1 field) | ATC (1 field) | TC (2 fields) | ATC (2 fields) | TC (3 fields) | ATC (3 fields) |
| 0 | 120 | 240.0 | 360.0 | |||
| 1 | 132 | 132.0 | 246.0 | 246.0 | 363.0 | 363.0 |
| 2 | 152 | 76.0 | 256.0 | 128.0 | 368.0 | 184.0 |
| 3 | 180 | 60.0 | 270.0 | 90.0 | 375.0 | 125.0 |
| 4 | 216 | 54.0 | 288.0 | 72.0 | 384.0 | 96.0 |
| 5 | 260 | 52.0 | 310.0 | 62.0 | 395.0 | 79.0 |
| 6 | 312 | 52.0 | 336.0 | 56.0 | 408.0 | 68.0 |
| 7 | 372 | 53.1 | 366.0 | 52.3 | 423.0 | 60.4 |
| 8 | 440 | 55.0 | 400.0 | 50.0 | 440.0 | 55.0 |
| 9 | 516 | 57.3 | 438.0 | 48.7 | 459.0 | 51.0 |
| 10 | 600 | 60.0 | 480.0 | 48.0 | 480.0 | 48.0 |
| 11 | 692 | 62.9 | 526.0 | 47.8 | 503.0 | 45.7 |
| 12 | 792 | 66.0 | 576.0 | 48.0 | 528.0 | 44.0 |
| 13 | 900 | 69.2 | 630.0 | 48.5 | 555.0 | 42.7 |
| 14 | 1016 | 72.6 | 688.0 | 49.1 | 584.0 | 41.7 |
| 15 | 1140 | 76.0 | 750.0 | 50.0 | 615.0 | 41.0 |
| 16 | 1272 | 79.5 | 816.0 | 51.0 | 648.0 | 40.5 |
| 17 | 1412 | 83.1 | 886.0 | 52.1 | 683.0 | 40.2 |
| 18 | 1560 | 86.7 | 960.0 | 53.3 | 720.0 | 40.0 |
| 19 | 1716 | 90.3 | 1038.0 | 54.6 | 759.0 | 39.9 |
| 20 | 1880 | 94.0 | 1120.0 | 56.0 | 800.0 | 40.0 |
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