The price of the commodity is P4/unit. Complete the table below Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 -100 10 90 10 40 100 40 140 4 10 14 4 4 -100 20 80 20 80 100 55 155 2.75 5 7.75 4 1.5 -75 30 70 30 120 100 67 167 2.23 3.33 5.567 4 1.2 -47 40 60 40 160 100 77 177 1.925 2.5 4.425 4 1 -17 50 50 50 200 100 86 186 1.72 2 3.72 4 0.9 14 60 40 60 240 100 93 193 1.55 1.67 3.216667 4 0.7 47 70 30 70 280 100 113 213 1.61 1.42 3.04 4 2 67 80 20 80 320 100 143 243 1.7875 1.25 3.0375 4 3 77 90 10 90 360 100 183 283 2.03 1.11 3.14 4 4 77 100 0 100 400 100 283 383 2.83 1 3.83 4 10 17 1. Graph the demand and supply (ANSWERED) 2. Graph the TR, TC, and profit (ANSWERED) 3. Graph the ATC and MC (ANSWERED) 4. Graph the ATC, MC, MR, AVC & MC 5. Provide a brief explanation on the graph no. 4
The price of the commodity is P4/unit. Complete the table below Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 -100 10 90 10 40 100 40 140 4 10 14 4 4 -100 20 80 20 80 100 55 155 2.75 5 7.75 4 1.5 -75 30 70 30 120 100 67 167 2.23 3.33 5.567 4 1.2 -47 40 60 40 160 100 77 177 1.925 2.5 4.425 4 1 -17 50 50 50 200 100 86 186 1.72 2 3.72 4 0.9 14 60 40 60 240 100 93 193 1.55 1.67 3.216667 4 0.7 47 70 30 70 280 100 113 213 1.61 1.42 3.04 4 2 67 80 20 80 320 100 143 243 1.7875 1.25 3.0375 4 3 77 90 10 90 360 100 183 283 2.03 1.11 3.14 4 4 77 100 0 100 400 100 283 383 2.83 1 3.83 4 10 17 1. Graph the demand and supply (ANSWERED) 2. Graph the TR, TC, and profit (ANSWERED) 3. Graph the ATC and MC (ANSWERED) 4. Graph the ATC, MC, MR, AVC & MC 5. Provide a brief explanation on the graph no. 4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The
Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED
|
Q |
Demand |
Supply |
TR |
TFC |
TVC |
TC |
|
AFC |
AC |
MR |
MC |
Profit |
|
0 |
100 |
0 |
0 |
100 |
0 |
100 |
|
|
|
|
|
-100 |
|
10 |
90 |
10 |
40 |
100 |
40 |
140 |
4 |
10 |
14 |
4 |
4 |
-100 |
|
20 |
80 |
20 |
80 |
100 |
55 |
155 |
2.75 |
5 |
7.75 |
4 |
1.5 |
-75 |
|
30 |
70 |
30 |
120 |
100 |
67 |
167 |
2.23 |
3.33 |
5.567 |
4 |
1.2 |
-47 |
|
40 |
60 |
40 |
160 |
100 |
77 |
177 |
1.925 |
2.5 |
4.425 |
4 |
1 |
-17 |
|
50 |
50 |
50 |
200 |
100 |
86 |
186 |
1.72 |
2 |
3.72 |
4 |
0.9 |
14 |
|
60 |
40 |
60 |
240 |
100 |
93 |
193 |
1.55 |
1.67 |
3.216667 |
4 |
0.7 |
47 |
|
70 |
30 |
70 |
280 |
100 |
113 |
213 |
1.61 |
1.42 |
3.04 |
4 |
2 |
67 |
|
80 |
20 |
80 |
320 |
100 |
143 |
243 |
1.7875 |
1.25 |
3.0375 |
4 |
3 |
77 |
|
90 |
10 |
90 |
360 |
100 |
183 |
283 |
2.03 |
1.11 |
3.14 |
4 |
4 |
77 |
|
100 |
0 |
100 |
400 |
100 |
283 |
383 |
2.83 |
1 |
3.83 |
4 |
10 |
17 |
1. Graph the demand and supply (ANSWERED)
2. Graph the TR, TC, and profit (ANSWERED)
3. Graph the ATC and MC (ANSWERED)
4. Graph the ATC, MC, MR, AVC & MC
5. Provide a brief explanation on the graph no. 4
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