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ECO 550 week 3 Problem Set A+
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Managerial Economics and Globalization – ECO 550

Week 3 Problem Set

 

Jason Hanson

 

1.      The following table shows data for a simple production function:

 

Capital

Labor

TP

TFC

TVC

TC

AFC

AVC

ATC

MC

10

0

0

200

0

200

 

 

 

 

10

1

5

200

10

210

40

2

42

2

10

2

15

200

20

220

13.333

1.33333

14.6667

1

10

3

30

200

30

230

6.6667

1

7.66667

0.66667

10

4

50

200

40

240

4

0.8

4.8

0.5

10

5

75

200

50

250

2.6667

0.66667

3.33333

0.4

10

6

85

200

60

260

2.3529

0.70588

3.05882

1

10

7

90

200

70

270

2.2222

0.77778

3

2

10

8

92

200

80

280

2.1739

0.86957

3.04348

5

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ECO 550 week 3 Problem Set A+
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Managerial Economics and Globalization – ECO 550 Week 3 Problem Set Jason Hanson 1. The following table shows data for a simple ...
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