MC=Px MP 1. Suppose that the price of the input x is 83. Total fixed costs are $200. Fill in the blanks. TFC +TVC TC MP MC=3 Px XX x (Input) y (Output) TVC 0 10 25 40 50 0 50 75 80 85 0 75 120 Assignment #3 150 TC MC 200 230 275 320 350 3 3 3 3 fr.. HAPP ه ساری سیاست شاید سات AC 0 $35 AP ou m 3 1.7 SSF-35-5

Managerial Economics: A Problem Solving Approach
5th Edition
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Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 5MC
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Question
Px
MC-PA
APP-Py
MPP P4
MR, MC
output 관한거
MP 1. Suppose that the price of the input x is $3. Total fixed costs are $200. Fill in the blanks.
TC
MP
MC=3
π=y=3x+200
TP
VC FC
0
x (Input) y (Output) TVC
10
25
40
50
0
50
75
80
85
Px XX-TR+TVC
(c) AVC
(d) AC (or ATC)
(e) MC
0
75
120
Assignment #3
150
(a) MPP-s-IISI
(b) APPS
(g) VMP 5x S x.s
(h) MFC
TC MC
200
230
275
320
350
mmmm
3
3
3
APP AC
ه ساری ساعت سایر مات
ဆပြီး စ
π= py-3x-50
AP
w no
2. Suppose that the production function is
y = 30.5
TFC-50
The price of the input is $3 per unit, and total fixed costs are $50. Find and graph the functions
that represent.
3
1.7
Suppose that the output price is $5. Find: 57-3x-50
(f) AVP 5x 3x²05
y = 0.4z +0.09x² -0.003x³
44
SSF-35-1
(i) Using the above information, find the profit-maximizing level of input use by equating VMP
and MFC.
(j) Using the above information, find the profit-maximizing output level by equating MR and MC.
What is the relationship between the profit-maximizing output level and the profit-maximizing
input level?
MR-dTR =P3. Draw a graph of the corresponding total cost correspondence when fixed costs are zero, the input
costs $2 per unit, and the production function is given by
Transcribed Image Text:Px MC-PA APP-Py MPP P4 MR, MC output 관한거 MP 1. Suppose that the price of the input x is $3. Total fixed costs are $200. Fill in the blanks. TC MP MC=3 π=y=3x+200 TP VC FC 0 x (Input) y (Output) TVC 10 25 40 50 0 50 75 80 85 Px XX-TR+TVC (c) AVC (d) AC (or ATC) (e) MC 0 75 120 Assignment #3 150 (a) MPP-s-IISI (b) APPS (g) VMP 5x S x.s (h) MFC TC MC 200 230 275 320 350 mmmm 3 3 3 APP AC ه ساری ساعت سایر مات ဆပြီး စ π= py-3x-50 AP w no 2. Suppose that the production function is y = 30.5 TFC-50 The price of the input is $3 per unit, and total fixed costs are $50. Find and graph the functions that represent. 3 1.7 Suppose that the output price is $5. Find: 57-3x-50 (f) AVP 5x 3x²05 y = 0.4z +0.09x² -0.003x³ 44 SSF-35-1 (i) Using the above information, find the profit-maximizing level of input use by equating VMP and MFC. (j) Using the above information, find the profit-maximizing output level by equating MR and MC. What is the relationship between the profit-maximizing output level and the profit-maximizing input level? MR-dTR =P3. Draw a graph of the corresponding total cost correspondence when fixed costs are zero, the input costs $2 per unit, and the production function is given by
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