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Chris

An intermediate microeconomics question regarding average cost and more

The lost mountains of iowa are inhabited by rare deer. Patches of grass are far apart in this land. If a deer find a fresh patch of grass and spends "h" hours grazing it, it gets the square root of "h" units of grass. The deer compete for grass. Where there are "n" deer, it takes a deer "n^2" mins to find a fresh patch. A deer can survive if it gets 1 unit of grass every 200 mins. a. Find the average cost in time of a unit of grass if a deer gets "y" units of grass from each patch.b. How much time will an efficient deer spend in each patch where there are "n" deer? (Hint: Minimize average cost.)c. Since there is free entry into the deer business, the equilibrim population is the maximum number of efficient deer who can survive. How many is this?
SLAPCADY:

I'm so sorry, I don't help cheating on Homework.
I hope you find someone who will help you cheat, after all why do your homework when someone else can do it for you, nice move!

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