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Unformatted text preview: average costs start going up. 1. According to table above, the market supply of bread is given by what quantities corresponding to $5, 4,3,2,1? a. 102,84,66,48,30 2. Refer to the table above. If Orobran decreased its bakers, salaries, it would d. Increase its supply and the market supply would rise . 3. Refer to the table above, assuming………… 1 Theory and Analysis of Supply & Demand a. $49 e. In the table above when total output is 8 units, the average variable cost is f. In the table above, if for an output of 11 units the average variable cost is $52 the marginal cost of the eleventh unit is $ 102 d. the total variable cost is $576 Total Variable Cost / Total Output = Variable Cost 6. d. 4; 5 7. b. $40; $5 8 e. eighth unit produced 9. e. 8 MC8 = $80 Total FC8 = $40 2...
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This note was uploaded on 06/14/2008 for the course ECON MBA501 taught by Professor Watson during the Spring '08 term at Uni. Westminster.
- Spring '08