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    Name: Section/Time: Econ 100 Complete The Table. Show Your Solution. Production Level Labor Output AP MP TFC TVC AFC AVC TC AC MC

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    Twinkle Dane
    This document contains a table with production levels, labor, output, average and marginal products, total fixed costs, total variable costs, average fixed costs, average variable costs, total costs, average costs, and marginal costs. It asks the student to complete the table given assumptions about fixed and variable costs. It then asks the student to find the maximum and minimum output, derive the average and marginal cost functions, and find the minimum cost output where average cost equals marginal cost.

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    Name: Section/Time: Econ 100 Complete The Table. Show Your Solution. Production Level Labor Output AP MP TFC TVC AFC AVC TC AC MC

    Uploaded by

    Twinkle Dane
    10 views1 page
    This document contains a table with production levels, labor, output, average and marginal products, total fixed costs, total variable costs, average fixed costs, average variable costs, total costs, average costs, and marginal costs. It asks the student to complete the table given assumptions about fixed and variable costs. It then asks the student to find the maximum and minimum output, derive the average and marginal cost functions, and find the minimum cost output where average cost equals marginal cost.

    Original Description:

    Costing

    Original Title

    Cost Ass Econ100

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    This document contains a table with production levels, labor, output, average and marginal products, total fixed costs, total variable costs, average fixed costs, average variable costs, total costs, average costs, and marginal costs. It asks the student to complete the table given assumptions about fixed and variable costs. It then asks the student to find the maximum and minimum output, derive the average and marginal cost functions, and find the minimum cost output where average cost equals marginal cost.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views1 page

    Name: Section/Time: Econ 100 Complete The Table. Show Your Solution. Production Level Labor Output AP MP TFC TVC AFC AVC TC AC MC

    Uploaded by

    Twinkle Dane
    This document contains a table with production levels, labor, output, average and marginal products, total fixed costs, total variable costs, average fixed costs, average variable costs, total costs, average costs, and marginal costs. It asks the student to complete the table given assumptions about fixed and variable costs. It then asks the student to find the maximum and minimum output, derive the average and marginal cost functions, and find the minimum cost output where average cost equals marginal cost.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Name: Section/Time:

    Econ 100
    Complete the Table. Show your solution.
    Production Labor Output AP MP TFC TVC AFC AVC TC AC MC
    level
    1 1 5

    2 3 12

    3 4 18

    4 5 25

    5 6 30

    6 7 35

    7 8 32

    8 9 40

    Assumptions:
    1
    1. The FC is 2 of the product of output level 2 and 5.
    1
    2. The VC is an increase of of the sum of output level 6 and 8 in every level.
    2

    II. Regression. Show your Solution.

    1. Find the Maximum and Minimum output.

    2. Find the Following


    a. Average Cost Function
    b. Marginal Cost Function

    3. Find the minimum cost output (AC = MC)

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