-Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 18 sweaters per day, what is her average total cost?
A) $6.67
B) $10.00
C) $11.00
D) $13.33

Question

-Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 18 sweaters per day, what is her average total cost?
A) $6.67 
B) $10.00 
C) $11.00 
D) $13.33

Quizplus · Accepted Answer

The Answer of 
-Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 18 sweaters per day, what is her average total cost?
A) $6.67 
B) $10.00 
C) $11.00 
D) $13.33

-Cindy's Sweaters' Production Function Is Shown in the Above Table