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The table shows the number of rides ATV Adventures can provide for different amounts of labor and ...

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The table shows the number of rides ATV Adventures can provide for different amounts of labor and ...

The table shows the number of rides ATV Adventures can provide for different amounts of labor and capital.

Labor	1 All-Terrain Vehicle	2 All-Terrain Vehicles
1	39	68
2	59	108
3	84	158
4	94	178
5	99	188

ATV Adventures can rent an All-Terrain Vehicle (ATV) for $750 a day and pays its employees $120 a day. What is the total cost for 3 workers and 2 ATVs? What is the average total cost for 2 workers and 1 ATV?

▸ $1860, $9.17

▸ $2490, $16.78

▸ $1860, $16.78

▸ $2490, $9.17

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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