01282009160721YuBgJsCKuC

01282009160721YuBgJsCKuC - Homework V Principles of...

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1 Homework V Principles of Microeconomics 1101 Lecture 017 Fall Semester – 2008 Mike Walrath Due 11/24/08 Note: Homework must be turned in at the end of lecture on Monday, 11/24/08 (see syllabus for late homework policy). Your homework must be in chronological order. Answer questions in order and please put all tables and graphs in the same area as your answer . Type everything but graphs and calculations for full credit. Label all graphs for full credit. Show all work. Bonus Question (5 points) Write your TA’s name and section number on the top right of the first page of your homework. Question 1 (24 points): Daniel's clothing company produces hooded sweatshirts. His fixed cost is the cost of his sewing machines, and his variable cost comes from maintenance for the machines and his workers. Use the table to answer the following questions. Number of Machines Fixed Cost Total Variable Cost 10 Shirts 20 Shirts 30 Shirts 1 $200 $400 $1200 $1700 2 $500 $300 $700 $1300 3 $900 $100 $400
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01282009160721YuBgJsCKuC - Homework V Principles of...

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