exam 1 numbers & formulas Flashcards
1
Q
average fixed cost formula
A
AFC = TFC / output
2
Q
marginal cost formula
A
MC = change in total cost / change in output
3
Q
average variable cost relationship
A
AVC remains constant, increases or decreases
4
Q
total variable cost relationship to input
A
TVC increases as input increases
5
Q
how long does it take to produce an average broiler
A
5-7 weeks
6
Q
average live weight of a broiler
A
6.77 lbs
7
Q
incubation of a broiler egg
A
21 days
8
Q
layers produce eggs how many days a year
A
296
9
Q
how long do layers produce eggs
A
1-2 years
10
Q
when do layers start producing eggs
A
18-20 weeks
11
Q
how long does it take to produce an egg
A
24 hours
12
Q
turkey average market weight
A
29.1lbs
13
Q
male turkey vs female turkey weight
A
male 40+ lbs
female 20-30lbs
14
Q
how long does it take to produce a market weight Tom
A
20 weeks
