ANSWER:
marginal cost = change in total cost / change in quantity
Units of good x | Total cost | Marginal cost |
1 | $40 | = ($40 - $0) / (1 - 0) = $40 |
2 | $89 | = ($89 - $40) / (2 - 1) = $49 |
3 | $149 | = ($149 - $89) / (3 - 2) = $60 |
4. Fill in the blank spaces in the table. Units of good XTotal cost Marginal cost...
5. Fill in the blank spaces in the table. Number of hours Total benefits Marginal benefits 100 178 210 playing baseball (in utils)(in utils) 2
6&7
The questions below are based on the table below. Fill in the blank spaces first. The questions below are based on the table below. Fill in the blank spaces first. The question below is based on the table below. Fill in the blank spaces first. Amount of Labor Total Product 11 24 38 40 Marginal Product of Labor (MP) Value ofMPL if Product (VMP) Product Price-4 What is the Total Product for L-3? What is the MPL for L...
3. Fill in the blank spaces in the table. Change in quantity consumer would buy due purchased due to Additional units Additional units Price falls by $2 $4 $3 demanded 133 187 to higher real income 60 85 125 substitution effect
ACTIVITY 6: CALCULATING COSTS 0 $38 Fill in the blank spaces of this table. Q VC TC AFC AVC ATC $30 n/a n/a n/a 38 $38 $68 6292 10 31.7 41.67 4 145 175 7.5 43.75 5215 43 33
MC VI $10 1 30 Fill in the blank spaces of this table. VC TC | AFC | AVC ATC $50 n/a n/a n/a 10 $10 $60.00 2 | 30 | 80 16.67 20 36.67 100 150 12.50 37.50 / 5 150 30 6 / 210 / 260 | 8.33 43.33 3 60 35
Fill in the table below by calculating the marginal utility and marginal utility per dollar for the given data. Input your answers in the corresponding spaces that follow. Price = 17 Units Total Utility Marginal Utility (MU) Marginal Utility per dollar 0 0 1 283 2 449 3 499 Error in inputting table. required to answer marginal utility and marginal utility per dollar for each unit. (0-3)
The following table shows the marginal private benefits and marginal private cost of providing daycare spaces in the province: Number of Daycare Spaces Marginal Private Benefits ($) Marginal Private Costs ($) 3000 600 300 5000 550 400 7000 500 500 8000 450 600 9000 400 700 Refer to the above information to answer this question. In an effort to increase the number of daycare spaces, suppose the authorities give daycare operators a subsidy of $150 for each child registered. What...
Concept Map Use the word bank to fill in the blank spaces in the concept map.
Topic 4 Homework (Custom) Workers Total Cost Marginal Cost Average Total Cost Output Marginal Product 0 30 10.00 70 $300 $420 6.00 4.50 $540 120.00 - Nmin 120.00 220 230 $660 $780 $900 $1,020 120.00 120.00 A worker costs $120 a day, and the firm has fixed costs of $180. Use this information to fill in the column for total cost in the previous Fill in the column for marginal cost in the previous table. (Hint: able. (Hint: MC -...
Q11. Fill in the blank cells in the table with the correct numbers 2017 2018(Projected) Sales $27,500,000 Cost of Good Sold $15,435,000 Gross Margin $10,175,000