NOTE: ANSWER TEST A ONLY 2. Fill in the tableBar ofTotalFixedSoap(Quantity) Cost100P1,0002003004005006007008009001,000Costs of Production of a Soap ManufacturerTotalTotal AverageCostAverageAverageVariableCostFixed VariableCostCostCostP1,5002,0002,5003,0003,5004,0005,0006,0007,0009,000for what itA. Using the data in the table, graph (Use Plane#2) and explain the following:a. Total costb. Average cost, Average variable cost and Average Fixed cost.c. Marginal costExplanation:Plane #2+1,0001,0001,0001,0001,0001,0001,0001,0001,000hvilpnesXSMarginalCostthat youther than

Introduction We have given data related to the cost of the soap manufacturer. We have given total…

2. Fill in the table Costs of Production of a Soap Manufacturer Bar of Total Total Average Average Total Average Cost Cost Fixed Variable Soap (Quantity) Cost Fixed Variable Cost Cost Cost 100 P1,000 P1,500 200 1,000 2,000 300 1,000 2,500 400 1,000 3,000 500 1,000 3,500 600 1,000 4,000 700 1,000 5,000 800 1,000 6,000 900 1,000 7,000 1,000 1,000 9,000 A. Using the data in the table, graph (Use Plane# 2) and explain the following: a. Total cost b. Average cost, Average variable cost and Average Fixed cost. c. Marginal cost Marginal Cost that you her than

2. Fill in the table Costs of Production of a Soap Manufacturer Bar of Total Total Average Average Total Average Cost Cost Fixed Variable Soap (Quantity) Cost Fixed Variable Cost Cost Cost 100 P1,000 P1,500 200 1,000 2,000 300 1,000 2,500 400 1,000 3,000 500 1,000 3,500 600 1,000 4,000 700 1,000 5,000 800 1,000 6,000 900 1,000 7,000 1,000 1,000 9,000 A. Using the data in the table, graph (Use Plane# 2) and explain the following: a. Total cost b. Average cost, Average variable cost and Average Fixed cost. c. Marginal cost Marginal Cost that you her than

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 40P: Return to Figure 7.7. What is the marginal gain in output from increasing the number of batters from...

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Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. What is the value of M? a. $50 b. $140 c. $360 d. $410
Consider the following cost information for a pizzeria:Quantity Total Cost Variable Cost0 dozen pizzas $300 $0I 350 502 390 903 420 1204 450 1505 490 1906 540 240a. What is the pizzeria's fixed cost?b. Construct a table in which you calculatethe marginal cost per dozen pizzas using theinformation on total cost. Also, calculate themarginal cost per dozen pizzas using the inforpmation on variable cost. What is the relationshipbetween these sets of numbers? Explain.
Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. Fill in ALL THE VALUES FROM A to R in the table.
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