Think Break 11

Think Break 11 - Think Break #11 Cows 0 20 40 Milk 0 4800...

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Unformatted text preview: Think Break #11 Cows 0 20 40 Milk 0 4800 VC 0 67000 TC 10000 77000 13.96 16.04 13.96 MC ATC AVC 9640 134000 144000 13.84 14.94 13.90 These are the Think Break #10 data (FC = $10,000) 1) Fill in the missing costs 2) What do you recommend for farms this size if the milk price is $13/cwt? 60 14490 201000 211000 13.81 14.56 80 19320 268000 278000 13.87 100 24100 335000 345000 14.02 120 28824 402000 412000 14.18 13.95 140 33488 469000 479000 14.37 14.30 14.01 160 38096 536000 546000 14.54 14.33 14.07 180 42624 603000 613000 14.80 14.38 14.15 200 47060 670000 680000 15.10 14.45 14.24 Think Break #11 Answer Cows 0 20 40 Milk 0 4800 VC 0 67000 TC 10000 77000 13.96 16.04 13.96 MC ATC AVC ATC = TC/Q AVC = VC/Q =201000/14490 9640 134000 144000 13.84 14.94 13.90 60 14490 201000 211000 13.81 14.56 13.87 80 19320 268000 278000 13.87 14.39 13.87 100 24100 335000 345000 14.02 14.32 13.90 120 28824 402000 412000 14.18 14.29 13.95 140 33488 469000 479000 14.37 14.30 14.01 160 38096 536000 546000 14.54 14.33 14.07 180 42624 603000 613000 14.80 14.38 14.15 200 47060 670000 680000 15.10 14.45 14.24 =278000/19320 =412000/28824 =33500/24100 ...
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This note was uploaded on 08/08/2008 for the course AAE 320 taught by Professor Mitchell during the Spring '08 term at Wisconsin.

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