K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define the Firm’s Variable Costs. Next, what is the VC in the Table above?
K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define the Firm’s Variable Costs. Next, what is the VC in the Table above?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
| K | L | Q | MPL | APL (Q/L) | VML (MPL*P) | FC | VC (L*150) | TC |
| 5 | 0 | 0 | 0 | 0 | ||||
| 5 | 1 | 50 | 50 | 50 | 50 | 25 | 150 | 175 |
| 5 | 2 | 125 | 75 | 62.5 | 150 | 25 | 300 | 325 |
| 5 | 3 | 225 | 100 | 75 | 200 | 25 | 450 | 475 |
| 5 | 4 | 375 | 150 | 93.7 | 300 | 25 | 600 | 625 |
| 5 | 5 | 450 | 75 | 90 | 150 | 25 | 750 | 775 |
| 5 | 6 | 450 | 0 | 75 | 0 | 25 | 900 | 925 |
| 5 | 7 | 400 | -50 | 57.14 | -100 | 25 | 1050 | 1075 |
| 5 | 8 | 425 | -75 | 53.12 | -150 | 25 | 1200 | 1225 |
| 5 | 9 | 450 | -25 | 50 | -50 | 25 | 1350 | 1375 |
| 5 | 10 | 500 | -50 | 50 | -100 | 25 | 1500 | 1525 |
| 5 | 11 | 525 | 25 | 47.7 | 50 | 25 | 1650 | 1675 |
Define the Firm’s Variable Costs. Next, what is the VC in the Table above?
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