a) Complete the following table: [Calculate Marginal Physical Product, Average Fixed Costs, Average Variable cost, Average Total Cost and Marginal cost. Make sure you put the formulas on the question or your answer sheet]. Fixed Variable Quantity Marginal Total Average Potal Average Total Variable Variable Costs Average Marginal of Output Physical (Units) Input Input, Fixed Fixed Total Cost Cost Costs (Capital Labour Units) (workers) Product Costs Costs costs Formula: Formula: Formula Formula Formula Formula Formula 10 100 50 28 100 100 3. 47 100 150 4 67 100 200 86 100 250 1 Add file b) If input prices increases, which curve shift and in which direction?
a) Complete the following table: [Calculate Marginal Physical Product, Average Fixed Costs, Average Variable cost, Average Total Cost and Marginal cost. Make sure you put the formulas on the question or your answer sheet]. Fixed Variable Quantity Marginal Total Average Potal Average Total Variable Variable Costs Average Marginal of Output Physical (Units) Input Input, Fixed Fixed Total Cost Cost Costs (Capital Labour Units) (workers) Product Costs Costs costs Formula: Formula: Formula Formula Formula Formula Formula 10 100 50 28 100 100 3. 47 100 150 4 67 100 200 86 100 250 1 Add file b) If input prices increases, which curve shift and in which direction?
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...
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Question
![a) Complete the following table: [Calculate Marginal Physical Product,
Average Fixed Costs, Average Variable cost, Average Total Cost and
Marginal cost. Make sure you put the formulas on the question or your
answer sheet].
Quantity Marginal Total Average Potal
of Output Physical
(Units)
Fixed
Variable
Average Total
Average Marginal
Input Input,
Fixed Fixed
Variable Variable Costs
Total Cost Cost
(Capital Labour
Units) (workers)
Product
Costs Costs
costs
Costs
Formula:
Formula: Formula Formula Formula Formula
Formula
1
10
100
50
2
28
100
100
3
47
100
150
4
67
100
200
1
86
100
250
1 Add file
b) If input prices increases, which curve shift and in which direction?
1.
1.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8b85de7-f76b-49b3-a979-5250f6935010%2F0b277c4d-a83a-4acc-b4e8-8225eafca6d6%2F7fioamd_processed.png&w=3840&q=75)
Transcribed Image Text:a) Complete the following table: [Calculate Marginal Physical Product,
Average Fixed Costs, Average Variable cost, Average Total Cost and
Marginal cost. Make sure you put the formulas on the question or your
answer sheet].
Quantity Marginal Total Average Potal
of Output Physical
(Units)
Fixed
Variable
Average Total
Average Marginal
Input Input,
Fixed Fixed
Variable Variable Costs
Total Cost Cost
(Capital Labour
Units) (workers)
Product
Costs Costs
costs
Costs
Formula:
Formula: Formula Formula Formula Formula
Formula
1
10
100
50
2
28
100
100
3
47
100
150
4
67
100
200
1
86
100
250
1 Add file
b) If input prices increases, which curve shift and in which direction?
1.
1.
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