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

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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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