11of28 (17 Checkpoint 4 Problem 1 HW Score: 57 14% To grow pineapples, Petra lea
ID: 1110257 • Letter: 1
Question
11of28 (17 Checkpoint 4 Problem 1 HW Score: 57 14% To grow pineapples, Petra leases 1 field for $20 a day and capital for $60 a day She hires students at $70 a day Suppose that Petra now leases 2 fields for $40 a day and twice as much capital ut with 1 field Output Labor (students) for $120 a day The table shows Petra's output When Petra farms 2 fields and produces 962 pineapples a day, her average total 130 210 310 395 470 535 132 272 434 637 810 cost is a pineapple >>> Answer to 2 decimal places All parts s 26 (0/1)Explanation / Answer
total cost of producing 962 items is
cost of field+ cost of capital+ cost of labour
40+120+70*6 = 40+120+420 = 580
so now the average total cost is
total cost / output = 580/962 = 0.6 approx
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