PxMC-PAAPP-PyMPP P4MR, MCoutput 관한거MP 1. Suppose that the price of the input x is $3. Total fixed costs are $200. Fill in the blanks.TCMPMC=3π=y=3x+200TPVC FC0x (Input) y (Output) TVC10254050050758085Px XX-TR+TVC(c) AVC(d) AC (or ATC)(e) MC075120Assignment #3150(a) MPP-s-IISI(b) APPS(g) VMP 5x S x.s(h) MFCTC MC200230275320350mmmm333APP ACه ساری ساعت سایر ماتဆပြီး စπ= py-3x-50APw no2. Suppose that the production function isy = 30.5TFC-50The price of the input is $3 per unit, and total fixed costs are $50. Find and graph the functionsthat represent.31.7Suppose that the output price is $5. Find: 57-3x-50(f) AVP 5x 3x²05y = 0.4z +0.09x² -0.003x³44SSF-35-1(i) Using the above information, find the profit-maximizing level of input use by equating VMPand MFC.(j) Using the above information, find the profit-maximizing output level by equating MR and MC.What is the relationship between the profit-maximizing output level and the profit-maximizinginput level?MR-dTR =P3. Draw a graph of the corresponding total cost correspondence when fixed costs are zero, the inputcosts $2 per unit, and the production function is given by

MC=Px MP 1. Suppose that the price of the input x is 83. Total fixed costs are $200. Fill in the blanks. TFC +TVC TC MP MC=3 Px XX x (Input) y (Output) TVC 0 10 25 40 50 0 50 75 80 85 0 75 120 Assignment #3 150 TC MC 200 230 275 320 350 3 3 3 3 fr.. HAPP ه ساری سیاست شاید سات AC 0 $35 AP ou m 3 1.7 SSF-35-5

MC=Px MP 1. Suppose that the price of the input x is 83. Total fixed costs are $200. Fill in the blanks. TFC +TVC TC MP MC=3 Px XX x (Input) y (Output) TVC 0 10 25 40 50 0 50 75 80 85 0 75 120 Assignment #3 150 TC MC 200 230 275 320 350 3 3 3 3 fr.. HAPP ه ساری سیاست شاید سات AC 0 $35 AP ou m 3 1.7 SSF-35-5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows: 1. Show to calculate for the table below Output TFC TVC TC AFC AVC ATC MC 0 1000 1 100 2 100 3 400 4 450 5 1600 6 3200 7 6400 a) Given the partial data available, finish the table and calculate all the costs. b) What is the minimum efficient scale of Vinnie’s company? c) What is the marginal cost of 6 houses? d) If Vinnie charges $825 per house, how many houses he should paint to maximize profits?
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1:27 Ces A firm's output, variable costs, and total costs are given in the table below. Instructions: Enter your answers as a whole number. a. Calculate marginal cost using the formula given in the chapter: ATotal cost/AQuantity. Quantity 10 20 30 50 Quantity 0 10 20 30 40 Variable cost ($) b. Calculate AVariable cost/AQuantity. 50 50 120 200 300 420 Variable cost 50 120 200 300 Total cost ($) 420 100 150 220 300 400 520 Total cost ($) 100 150 220 300 400 520 Marginal cost ($) AVariable cost ($)/ AQuantity
economic
AR Using the following information. Compute for the Total Cost in producing 10,000 units.
Question 12 of 20 $20 MC $18 $16 $14 ATC $12 AVC $10 $8 $6 $4 $2 $0 20 40 60 80 100 Output (Q) In the diagram above, when the firm's Output (Q) is 60, Average Total Cost (ATC) is: $14.00 $18.00 $11.00 O $12.50
Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows:Output TFC TVC TC AFC AVC ATC MC 0. 10001. 1002. 1003. 4004. 4505. 16006. 32007 6400 A) Given the partial data available, finish the table and calculate all the costs. B)What is the minimum efficient scale of Vinnie’s company?C)What is the marginal cost of 6 houses?D)If Vinnie charges $825 per house, how many houses he should paint to maximize profit
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