ECO 304K - Midterm 2 Review - More Cost Charts Answers

ECO 304K - Midterm 2 Review - More Cost Charts Answers -...

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More Cost Charts Economics 304K: Principles of Microeconomics Prof. Meg Ledyard A. Q VC FC TC AFC AVC ATC MC TR MR Profit 0 3 3 -3 1 10 3 13 3.00 10.00 13.00 10 25 25 12 2 25 3 28 1.50 12.50 14.00 15 50 25 22 3 45 3 48 1.00 15.00 16.00 20 75 25 27 4 70 3 73 0.75 17.50 18.25 25 100 25 27 5 100 3 103 0.60 20.00 20.60 30 125 25 22 6 135 3 138 0.50 22.50 23.00 35 150 25 12 7 175 3 178 0.43 25.00 25.43 40 175 25 -3 8 220 3 223 0.38 27.50 27.88 45 200 25 -23 B. Q VC FC TC AFC AVC ATC MC TR MR Profit 0 50 50 0 -50 1 3 50 53 50.00 3.00 53.00 3 13 13 -40 2 9 50 59 25.00 4.50 29.50 6 26 13 -33 3 19 50 69 16.67 6.33 23.00 10 39 13 -30 4 31 50 81 12.50 7.75 20.25 12 52 13 -29 5 44 50 94 10.00 8.80 18.80 13 65 13 -29 6 58 50 108 8.33 9.67 18.00 14 78 13 -30 7 74 50 124 7.14 10.57 17.71 16 91 13 -33 8 91 50 141 6.25 11.38 17.63 17 104 13 -37 C. Q VC FC TC AFC AVC ATC MC TR MR Profit 0 5 5 0 -5 1 10 5 15 5.00 10.00 15.00 10 100 100 85 2 30 5 35 2.50 15.00 17.50 20 200 100 165 3 70 5 75 1.67 23.33 25.00 40 300 100 225 4 130 5 135 1.25 32.50 33.75 60 400 100 265 5 230 5 235 1.00 46.00 47.00 100 500 100 265 6 340 5 345 0.83 56.67 57.50 110 600 100 255 7 460 5 465 0.71 65.71 66.43 120 700 100 235 8 590 5 595 0.63 73.75 74.38 130 800 100 205
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Monopolies: a. Q P VC FC TC AFC AVC ATC MC TR MR Profit 0 700 5 5 0 -5 1 640 10 5 15 5.00 10.00 15.00 10 640 640 625 2 580 30 5 35 2.50 15.00 17.50 20 1160 520 1125 3 520 70 5 75 1.67
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Unformatted text preview: 23.33 25.00 40 1560 400 1485 4 460 130 5 135 1.25 32.50 33.75 60 1840 280 1705 5 400 230 5 235 1.00 46.00 47.00 100 2000 160 1765 6 340 340 5 345 0.83 56.67 57.50 110 2040 40 1695 7 280 460 5 465 0.71 65.71 66.43 120 1960-80 1495 8 220 590 5 595 0.63 73.75 74.38 130 1760-200 1165 b. Q P VC FC TC AFC AVC ATC MC TR MR Profit 100 5 5-5 1 95 5 5 10 5.00 5.00 10.00 5 95 95 85 2 90 15 5 20 2.50 7.50 10.00 10 180 85 160 3 85 35 5 40 1.67 11.67 13.33 20 255 75 215 4 80 65 5 70 1.25 16.25 17.50 30 320 65 250 5 75 120 5 125 1.00 24.00 25.00 55 375 55 250 6 70 195 5 200 0.83 32.50 33.33 75 420 45 220 7 65 290 5 295 0.71 41.43 42.14 95 455 35 160 8 60 410 5 415 0.63 51.25 51.88 120 480 25 65...
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This note was uploaded on 03/22/2008 for the course ECON 304K taught by Professor Ledyard during the Fall '08 term at University of Texas.

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ECO 304K - Midterm 2 Review - More Cost Charts Answers -...

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