(Question 2)
(a)
AVC is minimized when AP is maximum, at L = 30 and Q (output) = 50.
(b)
When L = 10, AP = 20
Output = L x AP = 10 x 20 = 200
(c)
When L = 15, AP = 30
Output = L x AP = 15 x 30 = 450
TVC = w x L = 300 x 15 = 4500
AVC = TVC/Q = 4500/450 = 10
(d)
When L = 15, TVC = 300 x 15 = 4500
when L = 10, TVC = 300 x 10 = 3000
SMC = Change in TVC / Change in Q = (4500 - 3000) / (15 - 10) = 1500/5 = 300
(e)
When L = 40, AP is decreasing, which signifies that AVC is increasing.
NOTE: As HOMEWORKLIB's Answering Policy, 1st question is answered.
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> d , should be SMC = w/MP = 300/60 = 5
cyye Sun, Oct 31, 2021 11:02 AM