ECON 102 FA08APPENDIX FOR MID-TERM

ECON 102 FA08APPENDIX FOR MID-TERM - Exhibit 8 Costs...

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APPENDIX FOR MID-TERM ECON 102/FA08 Exhibit 3 Demand curves for gallons of orange juice Price Albert Betty Carl Dana Edward 10 0 1 2 0 0 9 0 1.5 2 0.5 0 8 0 2 2 2 4 7 0 2.5 2 3.5 8 6 1 3 3 5 12 5 3 3.5 3 6.5 16 4 5 4 3 8 20 3 7 4.5 3 9.5 24 2 9 5 3 11 28 1 11 5.5 3 12.5 32 Exhibit 2 Total utility for hamburgers, fries, and Cokes Total Utility from Hamburgers Total Utility from Fries Total Utility from Cokes 1 hamburger (100 utils) 2 hamburgers (180 utils) 3 hamburgers (240 utils) 1 order of fries (30 utils) 2 orders of fries (50 utils) 3 orders of fries (60 utils) 1 Coke (40 utils) 2 Cokes (60 utils) 3 Cokes (70 utils)
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Exhibit 8 Bea's Total utility of 3-minute telephone calls Quantity of 3-Minute Calls Total Utility of Telephone Calls 0 0 1 15 2 28 3 38 4 45 5 50 6 48 Exhibit 1 Consumer equilibrium
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Exhibit 2 Consumer equilibrium
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Unformatted text preview: Exhibit 8 Costs schedules for producing pizza Pizzas Fixed Cost Variable Cost Total Cost Marginal Cost $ $ $ $ 1 5 2 13 3 10 4 100 140 5 20 6 85 7 215 Exhibit 12 Cost schedule for producing pizza Pizzas Fixed Cost Variable Cost Total Cost $ $ $ 1 48 2 17 3 27 4 78 5 40 6 64 7 80 Exhibit 2 Cost schedule for pizza production Pizzas Labor Cost Energy Cost Materials Cost $ 10 $ 0 $ 0 1 10 12 4 2 24 22 8 3 40 30 12 4 60 36 16 5 90 40 20 Exhibit 3 A marginal product curve Marginal product 2 A C B 3 4 5 6 7 8 9 10 11 12 1 MP Quantity of workers (per day) 50 100 150 200...
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This note was uploaded on 06/28/2009 for the course ECON 71098 taught by Professor Mathieuzahui during the Fall '08 term at Palomar.

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ECON 102 FA08APPENDIX FOR MID-TERM - Exhibit 8 Costs...

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