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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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