zzie hires students to sell magazine subscriptions at $450 a week. She leases eq

Q: zzie hires students to sell magazine subscriptions at $450 a week. She leases eq

Labor TP TC ATC 0 0 300 1 3 750 250.00 2 9 1200 133.33 3 14 1650 117.86 4 18 2100 116.67 5 21 2550 121.43 6 23 3000 130.43 So, at output of 18 the ATC is minimum and she should sell 18 subscription per week Labor TP TC ATC 0 0 300 1 3 750 250.00 2 9 1200 133.33 3 14 1650 117.86 4 18 2100 116.67 5 21 2550 121.43 6 23 3000 130.43

ID: 1151176 • Letter: Z

Question

zzie hires students to sell magazine subscriptions at $450 a week. She leases equipment that costs $300 a week The table gives Lizzie's total product and total cost schedules Labor (subscriptions (sidents) per week) At what output is Lizzies average total cost at a minimum? Nobe: id two quantiies have the same average total cost, we take the average quantity as that at minimum average total cost Lizzie's aveenge total cost is at a minimum when she sels subscriptions a week 0 Anower rounded to an inbeger Enter your answer in the answer box 4 8 9 9

Explanation / Answer

Labor

ATC

300

750

250.00

1200

133.33

1650

117.86

2100

116.67

2550

121.43

3000

130.43

So, at output of 18 the ATC is minimum and she should sell 18 subscription per week