In 1850-1860 around $1500. That would be nearly $200,000.00 in today's money. That figure is well documented and shows that 99 % of all slaves were WELL treated (you would take care of a Ferrari, right?).
...70% of what the average male slave cost.
"Greek slaves didn't cost too much money, we do not know how much, but if almost everyone had one, then greek slaves wouldn't cost too much."
Slaves today are cheaper than ever. In 1850, an average slave in the American South cost the equivalent of $40,000 in today's money. Today a slave costs about
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
The average slaveholder in the antebellum South owned around 5-10 slaves. However, there were some large plantation owners who owned hundreds of slaves, skewing the overall average.
200 slaves were on a average ship
they provided labor at a lower cost than slaves
== ==
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
average cost of dentures
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
You didn't have to pay slaves, so the cost of labor was lower.