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d) On the graph given below, plot the following points showing the quantity and dollar amounts. • point of diminishing returns (D) most productive point (P) • economic capacity (E) Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. 1 Costs Tools 99 w Prev i P 1 of 8 T Next 3 3

d) On the graph given below, plot the following points showing the quantity and dollar amounts. • point of diminishing returns (D) most productive point (P) • economic capacity (E) Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. 1 Costs Tools 99 w Prev i P 1 of 8 T Next 3 3

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please answer the coordinates.
d) On the graph given below, plot the following points showing the quantity and dollar amounts. • point of diminishing returns (D) • most productive point (P) economic capacity (E) Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Costs w 2 Tools TO C Prev P of 8 Wext 2
Transcribed Image Text:d) On the graph given below, plot the following points showing the quantity and dollar amounts. • point of diminishing returns (D) • most productive point (P) economic capacity (E) Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Costs w 2 Tools TO C Prev P of 8 Wext 2
w c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of TP = WorkersOutput TVC($) 1 2 3 4 5 6 10 80 180 240 280 294 220 440 660 880 1100 1320 TFC Table B 400 400 400 400 400 400 TC C 620 840 1060 1280 1500 1720 AVC ($) 22 5.5 3.7 3.7 ATC 62 10.5 5.89 5.33 3.9 5.3571428 4.5 5.850340 MC($) 3.1 22 3.7 5.5 15.7 dy On the graph given below, plot the following points showing the quantity and dollar amounts. point of diminishing returns (D) most productive point (P) economic capacity (E Prev 1 of 8 SAMSUNG Next > DO
Transcribed Image Text:w c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of TP = WorkersOutput TVC($) 1 2 3 4 5 6 10 80 180 240 280 294 220 440 660 880 1100 1320 TFC Table B 400 400 400 400 400 400 TC C 620 840 1060 1280 1500 1720 AVC ($) 22 5.5 3.7 3.7 ATC 62 10.5 5.89 5.33 3.9 5.3571428 4.5 5.850340 MC($) 3.1 22 3.7 5.5 15.7 dy On the graph given below, plot the following points showing the quantity and dollar amounts. point of diminishing returns (D) most productive point (P) economic capacity (E Prev 1 of 8 SAMSUNG Next > DO
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