The price of the commodity is P4/unit. Complete the table below Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 -100 10 90 10 40 100 40 140 4 10 14 4 4 -100 20 80 20 80 100 55 155 2.75 5 7.75 4 1.5 -75 30 70 30 120 100 67 167 2.23 3.33 5.567 4 1.2 -47 40 60 40 160 100 77 177 1.925 2.5 4.425 4 1 -17 50 50 50 200 100 86 186 1.72 2 3.72 4 0.9 14 60 40 60 240 100 93 193 1.55 1.67 3.216667 4 0.7 47 70 30 70 280 100 113 213 1.61 1.42 3.04 4 2 67 80 20 80 320 100 143 243 1.7875 1.25 3.0375 4 3 77 90 10 90 360 100 183 283 2.03 1.11 3.14 4 4 77 100 0 100 400 100 283 383 2.83 1 3.83 4 10 17 1. Graph the demand and supply (ANSWERED) 2. Graph the TR, TC, and profit (ANSWERED) 3. Graph the ATC and MC (ANSWERED) 4. Graph the ATC, MC, MR, AVC & MC 5. Provide a brief explanation on the graph no. 4

The price of the commodity is P4/unit. Complete the table below Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 -100 10 90 10 40 100 40 140 4 10 14 4 4 -100 20 80 20 80 100 55 155 2.75 5 7.75 4 1.5 -75 30 70 30 120 100 67 167 2.23 3.33 5.567 4 1.2 -47 40 60 40 160 100 77 177 1.925 2.5 4.425 4 1 -17 50 50 50 200 100 86 186 1.72 2 3.72 4 0.9 14 60 40 60 240 100 93 193 1.55 1.67 3.216667 4 0.7 47 70 30 70 280 100 113 213 1.61 1.42 3.04 4 2 67 80 20 80 320 100 143 243 1.7875 1.25 3.0375 4 3 77 90 10 90 360 100 183 283 2.03 1.11 3.14 4 4 77 100 0 100 400 100 283 383 2.83 1 3.83 4 10 17 1. Graph the demand and supply (ANSWERED) 2. Graph the TR, TC, and profit (ANSWERED) 3. Graph the ATC and MC (ANSWERED) 4. Graph the ATC, MC, MR, AVC & MC 5. Provide a brief explanation on the graph no. 4

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 13CTQ: Think back to a purchase that you made recently. How would you describe your thinking before you...

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Principles of Economics 2e

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Q	Demand	Supply	TR	TFC	TVC	TC	AVC	AFC	AC	MR	MC	Profit
0	100	0	0	100	0	100						-100
10	90	10	40	100	40	140	4	10	14	4	4	-100
20	80	20	80	100	55	155	2.75	5	7.75	4	1.5	-75
30	70	30	120	100	67	167	2.23	3.33	5.567	4	1.2	-47
40	60	40	160	100	77	177	1.925	2.5	4.425	4	1	-17
50	50	50	200	100	86	186	1.72	2	3.72	4	0.9	14
60	40	60	240	100	93	193	1.55	1.67	3.216667	4	0.7	47
70	30	70	280	100	113	213	1.61	1.42	3.04	4	2	67
80	20	80	320	100	143	243	1.7875	1.25	3.0375	4	3	77
90	10	90	360	100	183	283	2.03	1.11	3.14	4	4	77
100	0	100	400	100	283	383	2.83	1	3.83	4	10	17