Use the following information to work Problems 32 and 33. 1 answer below »

Use the following information to work Problems 32 and 33. The table shows the production function of Bonnie’s Balloon Rides. Bonnie’s pays $500 a day for each balloon it rents and $25 a day for each balloon operator it hires.

 

 

Plant 1

Plant 2

Plant 3

Plant 4

Labor

6

10

13

15

(workers per day)

10

15

18

20

10

13

18

22

24

20

15

20

24

26

30

16

21

25

27

40

1

2

3

4

50

 

 

 

 

Balloons (number)

 

 

 

 

 

13/05/2015 = 184

14/05/2015 = 47

32. Graph the ATC curves for Plant 1 and Plant 2. Explain why these ATC curves differ.

33. Graph the ATC curves for Plant 3 and Plant 4 Explain why these ATC curves differ.

 

 

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *