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Think-Pair-ShareforLecture13 慈恩寶 外交四 108203035
Think-Pair-ShareforLecture13 慈恩寶 外交四 108203035
20 700 5 5
10 800 5.33 10
s god 5.8 20
marginal product
=E%¥¥
Problem 1
• A. Fill in the column of marginal products. What pattern do you
see? How might you explain it?
0
• B. A worker costs $100 a day, and the firm has fixed costs of $200.
Use this information to fill in the column for total cost.
-
• C. Fill in the column for average total cost. What pattern do you
-
see?
Problem 1
• D. Now fill in the column for marginal cost. What pattern do you
see?
• E. Compare the column for marginal product with the column for
marginal cost. Explain the relationship.
• F. Compare the column for average total cost with the column for
marginal cost. Explain the relationship.
A. At first the marginal product increase continuely until 3 workers Thus after
.
3 unit of workers
,
i. According to the column above , it found that average total cost at first was decreased but after 5 unit of
workers it increasing .
D. Due to diminishing marginal product so it make marginal cost U-shaped .
However
,
it rising
steeper .
0 0 30 -
- -
1
10 40 10 40 10
2 25 55 12-5 27.9 15
3 45 75 IT 25 20
70 too 25
9 17.5 2s
5 '
00 120 20 24 30
1/35 / 122.5/27.5 I Y
[
6 165 3s
B.
costs
Marginal cost
40
.•.•.#
•
•
" """
""" °"
"
go
i.
.
20
70
0
Quantity
Problem 3
Firm 0 is economies d- scale from a -3 unit and diseconomies of scale for levels d- output
Also it could
beyond 3 units
say that if both economies and dis economies
.
,
.