Problem1: Given the following information, you must complete the table: Total fixed cost is P220 per period. Units of the variable inputs cost P100 per unit per period.. Units of Variable input 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Total Product 100 250 410 560 700 830 945 1,050 1,146 1,234 1,314 1,384 1,444 1,494 1,534 1,564 1,584 1,594 Fixed Cost Variable Cost Total Cost Average Fixed Cost Problem 2: Graph the fixed cost, variable cost, and total cost curves on one sheet of paper. Problem 3: Graph the average fixed cost, average variable cost and average total cost and marginal cost curves on another sheet of paper. Average Variable Cost Average Total Cost Marginal Cost
Problem1: Given the following information, you must complete the table: Total fixed cost is P220 per period. Units of the variable inputs cost P100 per unit per period.. Units of Variable input 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Total Product 100 250 410 560 700 830 945 1,050 1,146 1,234 1,314 1,384 1,444 1,494 1,534 1,564 1,584 1,594 Fixed Cost Variable Cost Total Cost Average Fixed Cost Problem 2: Graph the fixed cost, variable cost, and total cost curves on one sheet of paper. Problem 3: Graph the average fixed cost, average variable cost and average total cost and marginal cost curves on another sheet of paper. Average Variable Cost Average Total Cost Marginal Cost
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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![Problem1: Given the following information, you must complete the table:
Total fixed cost is P220 per period.
Units of the variable inputs cost P100 per unit per period.
Units of
Variable
input
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Total
Product
100
250
410
560
700
830
945
1,050
1,146
1,234
1,314
1,384
1,444
1,494
1,534
1,564
1,584
1,594
Fixed
Cost
Variable
Cost
Total
Cost
Average
Fixed
Cost
Problem 2: Graph the fixed cost, variable cost, and total cost curves on one sheet of paper.
Problem 3: Graph the average fixed cost, average variable cost and average total cost and
marginal cost curves on another sheet of paper. (
Average
Variable
Cost
Average
Total
Cost
Marginal
Cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F20d4b84e-2c3d-4ac0-a8bb-5e5f90772256%2F152f64de-0a80-4df5-8748-81d8c1d97ba8%2Fdu4f6rq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem1: Given the following information, you must complete the table:
Total fixed cost is P220 per period.
Units of the variable inputs cost P100 per unit per period.
Units of
Variable
input
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Total
Product
100
250
410
560
700
830
945
1,050
1,146
1,234
1,314
1,384
1,444
1,494
1,534
1,564
1,584
1,594
Fixed
Cost
Variable
Cost
Total
Cost
Average
Fixed
Cost
Problem 2: Graph the fixed cost, variable cost, and total cost curves on one sheet of paper.
Problem 3: Graph the average fixed cost, average variable cost and average total cost and
marginal cost curves on another sheet of paper. (
Average
Variable
Cost
Average
Total
Cost
Marginal
Cost
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