PELLYKW2A4Individual Assignment

# - 100-100 200 150-50 280 500 20 Problem 12 a shut down in short run b more info needed c produce in short run d produce in short run e produce in

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Chapter 5 Problem 9 Average price .60 -.80/60 = -13% = -.13 Avg supply 85 20/85=23%=.23 .23/-.13=-176% Avg price =39 -1.76=35.2/-2 =35 35% Chapter 7 Problem 18 Quantity of labor per day Output per day FC VC TC MC 0 4 300 0 300 0 1 5 300 75 375 15 2 11 300 150 450 12.5 3 15 300 225 525 35 4 18 300 300 600 25 5 20 300 375 675 37.5 Problem 21 a. ATC1 b. ATC2 Chapter 8 Problem 10 TC TR Profit/Loss

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Unformatted text preview: 100-100 200 150-50 280 300 20 400 450 50 540 600 60 700 750 50 880 500 20 Problem 12 a. shut down in short run b. more info needed c. produce in short run d. produce in short run e. produce in short run f. produce in short run g. shot down in short run...
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## This note was uploaded on 02/12/2012 for the course MBA 551 taught by Professor Smith during the Spring '11 term at Indiana Wesleyan.

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- 100-100 200 150-50 280 500 20 Problem 12 a shut down in short run b more info needed c produce in short run d produce in short run e produce in

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