handout-4ans

handout-4ans - ATC AFC AVC MC 0 20 20 0 1 21 20 1 21 20 1 1...

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Handout 4 Answers : Production Cost Analysis 1. a) Complete the cost table to make it consistent with the given numbers. b) Plot the total cost functions for the range of output 0 - 10 on one diagram, and the average and marginal cost functions on another diagram. Q TC TFC TVC
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Unformatted text preview: ATC AFC AVC MC 0 20 20 0 1 21 20 1 21 20 1 1 2 24 20 4 12 10 2 3 3 32 20 12 10.7 6.7 4 8 4 48 20 28 12 5 7 16 5 75 20 55 15 4 11 27 6 116 20 96 19.3 3.3 16 41 7 174 20 154 24.85 2.9 22 58 8 260 20 240 32.5 2.5 30 86 9 380 20 360 42.2 2.2 40 120 10 540 20 520 54 2 52 160...
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This note was uploaded on 10/26/2009 for the course ECON 180-004-20 taught by Professor Bresnock during the Fall '09 term at UCLA.

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