Homework Answers
1) Solution: $450
Working:
|
TR |
TC |
AVC |
AFC |
ATC = AFC+ATC |
FC |
Q = TC/ATC |
VC = TC-FC |
|
1,080 |
757 |
20.47 |
30 |
50.47 |
450.00 |
15 |
307.00 |
|
1,120 |
789 |
21.19 |
28.13 |
49.32 |
450.00 |
16 |
339.00 |
|
1,156 |
825 |
22.06 |
26.47 |
48.53 |
450.00 |
17 |
375.00 |
|
1,188 |
865 |
23.06 |
25 |
48.06 |
450.00 |
18 |
415.00 |
|
1,216 |
910 |
24.21 |
23.68 |
47.89 |
450.00 |
19 |
460.00 |
AVC = VC/Q
20.47 Q= VC
AFC = FC/Q
30Q = FC
VC + FC = 757
20.47Q + 30Q = 757
Q = 757/50.47 = 15
FC = AFC * Q= 30*15 = 450
2) Solution: 17
Working:
|
TR |
TC |
Q |
MR |
MC |
|
1,080 |
757 |
15 |
||
|
1,120 |
789 |
16 |
40 |
32 |
|
1,156 |
825 |
17 |
36 |
36 |
|
1,188 |
865 |
18 |
32 |
40 |
|
1,216 |
910 |
19 |
28 |
45 |
When Q=17; MR = MC
Add Answer to:
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