Question
Output Price ATC Profit/Unit 10 $75 $150 20 75 140 30 75 125 40 75 105...
|
Output |
Price |
ATC |
Profit/Unit |
||||
|
10 |
$75 |
$150 |
|||||
|
20 |
75 |
140 |
|||||
|
30 |
75 |
125 |
|||||
|
40 |
75 |
105 |
|||||
|
50 |
75 |
75 |
|||||
|
60 |
75 |
55 |
|||||
|
70 |
75 |
40 |
|||||
|
a. Given the table above. Identify the profit per unit at each level of output. |
|||||||
|
b. What is breakeven output? |
|||||||
Homework Answers
Answer #1
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Q. Output AFC AVC ATC MC 0 &nbs
Q. Output
AFC
AVC ATC
MC
0 $
300
$ --- $
--- $ ---
1
300
100
400 100
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100
70
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10 ...
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Suppose you are given the following information:
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Units of Variable Input
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TVC
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AVC
ATC
MC
2
0
0
2
1
10
2
2
25
2
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5
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Price Per Unit Quantity Demanded Per Week $10.00 25 9.50 30 9.00 35 8.50 40 8.00...
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$90
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$180
50
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Table 1
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MC
FC
VC
AFC
AVC
ATC
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$40
10
$60
20
$90
30
$130
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$180
50
$240
Complete the above table by filling in the empty information.
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VC
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AVC
ATC
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10
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20
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30
$130
40
$180
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10
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x
x
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60
10
50
.40
2
50
95
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85
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150
10
140
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1.87
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220
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210
.10
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465
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120
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