Father Saturnino Urios University

Microeconomics

Semi-finals Exam

Name of Members Paper Score Group Question Pair Score Total

Inputs Chair 1/round 1/round
Variable Input: Cost Cost/Piece 1/round
Cost/input Area 2/round 2/round
Labor P1.00 P1.00 2/round
P1.00
Construction Paper 25.75 1.72
0.85
Bond paper (long) 36.25 0.725
0.10(rounded)
Yarn 8.00 0.10(per30m)
0.10(per30m)
DETAILED PROCEDURE
Entrepreneur Mark-up
Fixed Inputs:
Scissors (2 units) 24.00 12.00 1.Fold the bond paper into 8 equal parts.
2.40(per round)
2.Cut the creases of the folded paper
crosswise.
Puncher 28.00 28.00 2.80. 3.Fold the construction paper into two
(per round)
parts and then cut.
4.Place one side of the puncher at a time
at the side of the cutted bond paper &
construction to make two holes.
5.Cut the yarn measuring 0.30 meters.
6.Insert the yarn in the holes and then tie
them forming a ribbon.

Production Table
Experiment Level Variable Inputs per unit Fixed Inputs per unit

Number of Output

Entrepreneur
Construction

Number of yarn
Number of Bond
Number of

Number of
Laborers

Puncher
mark-up

Scissor
paper

Chair

Area
Paper
1st 0 0 0 0 0 2 1 1 1

2nd 0 1 0 2 1 1 1

3rd 0.67 3 2 1 1 1

4th 1 4 2 1 1 1

5th 0.67 5 2 1 1 1

6th 0.67 6 2 1 1 1

7th 1 7 2 1 1 1

8
8th 4 2 1 1 1
9

9th 2 10 2 1 1 1

10th
4 12 2 1 1 1

Cost Production Table

 Experiment Level

1st

9th
8th
7th
5th
4th
3rd
2nd

6th

10th
4
2
4
1
1
1
0
Number of Output

0.67
0.67
0.67
0

9
8
6
5
4
3
1
Number of Laborers

12
10
0

3
0
4
6
1
3
5
3
7
Average Product

0.3
0.2
0.4
0.1
0.1
0.1
0.2
0.3
0.6

1
3
0
0
0
Marginal Product

-2

0.33
0.17
0.33
0.17
Vc 1 Lbor

Vc 3 bond Paper

Vc 4 Yarn
Variable Cost

Vc5 Mark-up

Fc 1 Scissors

Fc 2 Puncher

Fc3 Chair

Fc5 Area
Fixed Cost

Total Variable Cost

Average Variable Cost

Total Fixed Cost

Average Fixed Cost

Total Cost

Average Cost

Marginal Cost