Q | TR | TC | TFC | TVC | ATC | AVC | AFC | MR | MC | AR | Profit |
0 | 0 | 10 | 10 | 0 | -10 | ||||||
1 | 44.5 | 60 | 10 | 50 | 60.00 | 50.00 | 10.00 | 44.5 | 50 | 44.5 | -15.5 |
2 | 88 | 100 | 10 | 90 | 50.00 | 45.00 | 5.00 | 43.5 | 40 | 44 | -12 |
3 | 130.5 | 136 | 10 | 126 | 45.33 | 42.00 | 3.33 | 42.5 | 36 | 43.5 | -5.5 |
4 | 172 | 174 | 10 | 164 | 43.50 | 41.00 | 2.50 | 41.5 | 38 | 43 | -2 |
5 | 212.5 | 220 | 10 | 210 | 44.00 | 42.00 | 2.00 | 40.5 | 46 | 42.5 | -7.5 |
6 | 252 | 280 | 10 | 270 | 46.67 | 45.00 | 1.67 | 39.5 | 60 | 42 | -28 |
7 | 290.5 | 360 | 10 | 350 | 51.43 | 50.00 | 1.43 | 38.5 | 80 | 41.5 | -69.5 |
8 | 328 | 466 | 10 | 456 | 58.25 | 57.00 | 1.25 | 37.5 | 106 | 41 | -138 |
9 | 364.5 | 604 | 10 | 594 | 67.11 | 66.00 | 1.11 | 36.5 | 138 | 40.5 | -239.5 |
10 | 400 | 780 | 10 | 770 | 78.00 | 77.00 | 1.00 | 35.5 | 176 | 40 | -380 |
11 | 434.5 | 1000 | 10 | 990 | 90.91 | 90.00 | 0.91 | 34.5 | 220 | 39.5 | -565.5 |
TFC = 10
TVC = TC - TFC
AFC = TFC/Q
AVC = TVC/Q
ATC = TC/Q
MR (nth unit) = TR (n units) - TR ((n-1) units)
MC (nth unit) = TC (n units) - TC ((n-1) units)
Profit = TR - TC
AR = TR/Q
Profit is maximized at Q = 4 (the last quantity where MR > = MC)
3. Given the data below, compute TR, TC, TFC, TVC, ATC, AVC, AFC, MR, MC, AR,...
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete the blank columns (5 points). Please create a table like mine and fill it. (b) Assume the price of this product equals $10. What's the profit-maximizing output (q)? (3 points). Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing a where P=MC.(2 points) (c) What is the profit? (3 points) TOTAL COST (TC) - the...
Complete the following table Q TFC TVC TC AFC AVC ATC MC 0 800 ------ ----- ----- ----- 1 40 2 35 3 296 4 14 5 918
Variable Resources Output MP TFC TVC TC MC ATC AFC AVC TR MR Profit 0 0 50 0 50 0 -50 1 60 60 50 120 170 2 2.83 0.83 2 141 2.35 -29 2 130 70 50 240 290 1.71 2.23 0.38 1.85 305.5 2.35 15.5 3 200 70 50 360 410 1.71 2.05 0.25 1.80 470 2.35 60 4 260 60 50 480 530 2.00 2.04 0.19 1.85 611 2.35 81 5 310 50 50 600 650 2.40...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced Total Cost 0 $ 120 1 135 2 148 3 159 ...
MC TVC AFC AVC ATC TC Output TFC $500 $200 1 2 $800 $75 $875 $925 $75 100 Refer to an above table. What is the average variable cost of producing three units of the output? $291.67 o $125 $100 $166.67 问题3 29 问题3 AVC ATC MC AFC Output TVC TC TFC $500 $200 $800 2 $75 $875 4 $925 5 100 $75 Which of the following is correct for this firm with the cost structure presented in the table...
Consider the following table: uantity TC TFC TVC ATC AFC AVC MC 20 25 29 4 53 63 8 6.5 15 10 20 At what level of output does the firm going from economies of scale to diseconomies of scale? 6 or 7 1 or 2 8 or 9
Complete this table to fill in the answers requested below: ТР TFC TVC TC AFC AVC ATC MC 0 -- 1 13 2 25 3 35 4 51 104 5 72 6 95 7 120 8 160 I PULS TUI Cali LUITELL DISCI). Total Fixed Cost (for all kegs)= Total Variable Cost for keg #1 = Total Cost for keg #5= 30 Average Total Cost for keg #5= Marginal Cost of keg #5= 33 36 39
Complete the following short-run cost table using the information provided. Total product TFC AFC TVC AVC TC MC 0 0.0 1 3.0 2 5.0 5.0 3 9.0 7. (10 points) Answer the questions below on the basis of the above graph. (a) (3 points-1 point for short run; 1 point for long run; 1 point for how you can tell) How can you tell if these cost curves are for the short run or the long run? (b) (7 points)...
solve for what is missing: 2. Solve for what is missing: AFC TVC AVC TC ATC X MC X 0 0 5600 I 350 100 TFC 5600 5600 5600 5600 5600 5600 150 550 750 850 200 250 1050
Fast Press Company Short-run daily costs TP TVC TFC TC AFC AVC ATC MC 0 0 95 95 - - - - 1 30 95 125 95.00 30 125.00 30 2 50 95 145 47.50 25 72.50 20 3 60 95 155 31.66 20 51.66 10 4 64 95 159 23.75 16 39.75 4 5 90 95 185 19.00 18 37.00 26 6 150 95 245 15.83 25 40.83 60 7 196 95 291 13.57 28 41.57 46 8 240...