17. Using the information in the table below, calculate the MRPS for Point C. Point Y1 Y2 MRPS A B C D E F 0 4 6899 10 10 9 865 5 0 A. (6-8)/(8-6)= -1 B. (0-5)/(10-9) = -5 C. (9-10)/(4-0) = -0.25 D. (8-9)/(6-4)= -0.50

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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17. Using the information in the table below, calculate the MRPS for Point C.
Point Y1
Y2
MRPS
A
B
C
D
E
F
68940
X
10
4
5
6
10
9
8
A. (6-8)/(8-6) = -1
B. (0-5)/(10-9) = -5
C. (9-10)/(4-0) = -0.25
D. (8-9)/(6-4) = -0.50
18. Using the information in the table below, calculate MC for 70 units of output (Y).
Y
TFC TVC TC AVC ATC TR Profit
MC
MR
45
60
$30.00 $15.00 с
A
$30.00 $25.00
70
77
$30.00 B
6
5
0
Input cost (Px) = 5.00
Output price (Py) = 4.00
$20.00 $50.00
$0.33 $1.00 $180.00 H
E $0.83 $240.00 $190.00 I
D $0.36 F $280.00 $225.00 J
$60.00 $0.39 $0.78 G $248.00 $0.71
A. 50/60 0.83
B. (5550)/(70 - 60) = 0.50
C. (6055)/(77-70) = 0.71
D. 55/70 0.79
h
....
www.
$4.00
$4.00
$4.00
Transcribed Image Text:17. Using the information in the table below, calculate the MRPS for Point C. Point Y1 Y2 MRPS A B C D E F 68940 X 10 4 5 6 10 9 8 A. (6-8)/(8-6) = -1 B. (0-5)/(10-9) = -5 C. (9-10)/(4-0) = -0.25 D. (8-9)/(6-4) = -0.50 18. Using the information in the table below, calculate MC for 70 units of output (Y). Y TFC TVC TC AVC ATC TR Profit MC MR 45 60 $30.00 $15.00 с A $30.00 $25.00 70 77 $30.00 B 6 5 0 Input cost (Px) = 5.00 Output price (Py) = 4.00 $20.00 $50.00 $0.33 $1.00 $180.00 H E $0.83 $240.00 $190.00 I D $0.36 F $280.00 $225.00 J $60.00 $0.39 $0.78 G $248.00 $0.71 A. 50/60 0.83 B. (5550)/(70 - 60) = 0.50 C. (6055)/(77-70) = 0.71 D. 55/70 0.79 h .... www. $4.00 $4.00 $4.00
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