The price of the commodity is P4/unit. Complete the table below Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 4 4 -100 10 90 10 40 100 40 140 4 10 14 4 -100 20 80 20 80 100 155 2.75 5 7.75 30 70 30 120 100 67 40 60 40 160 100 77 177 1.925 4.425 50 50 50 100 86 186 60 40 60 240 100 193 1.55 3.216667 70 30 70 100 113 213 80 20 80 320 100 143 1.7875 1.25 3.0375 90 10 90 360 100 283 10 77 100 0 100 400 100 283 2.83 3.83 4 3.83 17 1. Graph the demand and supply 2. Graph the TR, TC, and profit 3. Graph the ATC and MC
The price of the commodity is P4/unit. Complete the table below Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 4 4 -100 10 90 10 40 100 40 140 4 10 14 4 -100 20 80 20 80 100 155 2.75 5 7.75 30 70 30 120 100 67 40 60 40 160 100 77 177 1.925 4.425 50 50 50 100 86 186 60 40 60 240 100 193 1.55 3.216667 70 30 70 100 113 213 80 20 80 320 100 143 1.7875 1.25 3.0375 90 10 90 360 100 283 10 77 100 0 100 400 100 283 2.83 3.83 4 3.83 17 1. Graph the demand and supply 2. Graph the TR, TC, and profit 3. Graph the ATC and MC
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The price of the commodity is P4/unit. Complete the table below
Q | Demand | Supply | TR | TFC | TVC | TC | AFC | AC | MR | MC | Profit | |
0 | 100 | 0 | 0 | 100 | 0 | 100 | 4 | 4 | -100 | |||
10 | 90 | 10 | 40 | 100 | 40 | 140 | 4 | 10 | 14 | 4 | -100 | |
20 | 80 | 20 | 80 | 100 | 155 | 2.75 | 5 | 7.75 | ||||
30 | 70 | 30 | 120 | 100 | 67 | |||||||
40 | 60 | 40 | 160 | 100 | 77 | 177 | 1.925 | 4.425 | ||||
50 | 50 | 50 | 100 | 86 | 186 | |||||||
60 | 40 | 60 | 240 | 100 | 193 | 1.55 | 3.216667 | |||||
70 | 30 | 70 | 100 | 113 | 213 | |||||||
80 | 20 | 80 | 320 | 100 | 143 | 1.7875 | 1.25 | 3.0375 | ||||
90 | 10 | 90 | 360 | 100 | 283 | 10 | 77 | |||||
100 | 0 | 100 | 400 | 100 | 283 | 2.83 | 3.83 | 4 | 3.83 | 17 |
1. Graph the demand and supply
2. Graph the TR, TC, and profit
3. Graph the
4. Graph the ATC, MC, MR, AVC & MC
5. Provide a brief explanation on the graph no. 4
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The price of the commodity is P4/unit. Complete the table below
Q | Demand | Supply | TR | TFC | TVC | TC | AFC | AC | MR | MC | Profit | |
0 | 100 | 0 | 0 | 100 | 0 | 100 | 4 | 4 | -100 | |||
10 | 90 | 10 | 40 | 100 | 40 | 140 | 4 | 10 | 14 | 4 | -100 | |
20 | 80 | 20 | 80 | 100 | 155 | 2.75 | 5 | 7.75 | ||||
30 | 70 | 30 | 120 | 100 | 67 | |||||||
40 | 60 | 40 | 160 | 100 | 77 | 177 | 1.925 | 4.425 | ||||
50 | 50 | 50 | 100 | 86 | 186 | |||||||
60 | 40 | 60 | 240 | 100 | 193 | 1.55 | 3.216667 | |||||
70 | 30 | 70 | 100 | 113 | 213 | |||||||
80 | 20 | 80 | 320 | 100 | 143 | 1.7875 | 1.25 | 3.0375 | ||||
90 | 10 | 90 | 360 | 100 | 283 | 10 | 77 | |||||
100 | 0 | 100 | 400 | 100 | 283 | 2.83 | 3.83 | 4 | 3.83 | 17 |
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