Fill in the table and answer the given questions. VI (LABOR)0246810TP0APMP102218124STAGES OFPRODUCTIONTFCTVCTCAFCFACTORY OVERHEAD EXPENSES = P10,000.00WAGE RATE PER LABOR OR WORKER =P600.00AT WHAT OUPUT LEVEL WILL YOU PRODUCE IF SELLING PRICE IS SP1? WHY?HOW MANY WORKERS OR LABOR WILL YOU HIRE IF SELLING PRICE IS SP1? WHY?AT WHAT OUPUT LEVEL WILL YOU PRODUCE IF SELLING PRICE IS SP2? WHAT SPECIFIC SP2 WILL YOU CHARGE? WHY?HOW MANY WORKERS OR LABOR WILL YOU HIRE IF SELLING PRICE IS SP2? WHAT SPECIFIC SP2 WILL YOU CHARGE? WHY?WHAT IS THE MOST EFFICIENT RATE OF OUTPUT IF THE PREVAILING PRICE IS SP1?WHAT IS THE MOST EFFICIENT RATE OF OUTPUT IF THE PREVAILING PRICE IS SP2?AVCACMCSP1200200200200200200TR1MR1PROFIT 1 CONDITION 1SP2250240230220210200TR2MR2PROFIT 2 CONDITION 2

Stages of Production In the short run, there exist three stages of production as follows: Stage I:…

Answered: ~~~~ 금 름 륨 름 유 포 코 3

Business

Economics

~~~~ 금 름 륨 름 유 포 코 3

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Fill in the table and answer the given questions.

VI (LABOR)
0
2
4
6
8
10
TP
0
AP
MP
10
22
18
12
4
STAGES OF
PRODUCTIO
N
TFC
TVC
TC
AFC
FACTORY OVERHEAD EXPENSES = P10,000.00
WAGE RATE PER LABOR OR WORKER =P600.00
AT WHAT OUPUT LEVEL WILL YOU PRODUCE IF SELLING PRICE IS SP1? WHY?
HOW MANY WORKERS OR LABOR WILL YOU HIRE IF SELLING PRICE IS SP1? WHY?
AT WHAT OUPUT LEVEL WILL YOU PRODUCE IF SELLING PRICE IS SP2? WHAT SPECIFIC SP2 WILL YOU CHARGE? WHY?
HOW MANY WORKERS OR LABOR WILL YOU HIRE IF SELLING PRICE IS SP2? WHAT SPECIFIC SP2 WILL YOU CHARGE? WHY?
WHAT IS THE MOST EFFICIENT RATE OF OUTPUT IF THE PREVAILING PRICE IS SP1?
WHAT IS THE MOST EFFICIENT RATE OF OUTPUT IF THE PREVAILING PRICE IS SP2?
AVC
AC
MC
SP1
200
200
200
200
200
200
TR1
MR1
PROFIT 1 CONDITION 1
SP2
250
240
230
220
210
200
TR2
MR2
PROFIT 2 CONDITION 2

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