Productivity and Costs of Dairy Farming
Budget: $10 – $15 USD
1. Using the data provided, create a table with the marginal cost, average total cost, and average variable cost. Remember that cost curves relate costs to output, not input, so you need output or the change in output in the denominator of your calculations and the level of output on the horizontal axis.
2. For a dairy farm in this analysis, what are fixed inputs and what are variable inputs in the short run? To determine this, what input(s) is(are) varying in the tables/graphs?
data will be provided, needs this done in 12 hours.
2. For a dairy farm in this analysis, what are fixed inputs and what are variable inputs in the short run? To determine this, what input(s) is(are) varying in the tables/graphs?
data will be provided, needs this done in 12 hours.