Question

Assume that for each period the price of capital is $2 per unit and the wage is $10

How does MP and MC compare? Click in the MC of the 30th unit of ouptut.

L k VCTC ATC AVC AFC MC 0 1 2 3 4 10 10 10 10 10 q 0 10 30 45 50 MP, AP, FC -- -- 10 10 20 15 15 15 5 12.5

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Answer #1
L K Q MP AP FC VC TC ATC AVC AFC MC
0 10 0 0 20 0 20
1 10 10 10 10 20 10 30 3 1 2 1
2 10 30 20 15 20 20 40 1.33 0.67 0.67 0.5
3 10 45 15 15 20 30 50 1.11 0.67 0.44 0.67
4 10 50 5 12.5 20 40 60 1.2 0.8 0.4 2
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