The following questions address some of the price and output decisions faced by firms other than those found in perfect competition. Some numbers may be rounded.
Table 1
Output |
Average Fixed cost |
Average Variable Cost |
Average Total Cost |
Marginal Cost |
Price |
Total Revenue |
Marginal Revenue |
0 |
|
|
|
|
$ 345.00 |
|
|
1 |
$ 180.00 |
$ 135.00 |
$ 315.00 |
|
$ 300.00 |
|
|
2 |
$ 90.00 |
$ 127.50 |
$ 217.50 |
|
$ 249.00 |
|
|
3 |
$ 60.00 |
$ 120.00 |
$ 180.00 |
|
$ 213.00 |
|
|
4 |
$ 45.00 |
$ 112.50 |
$ 157.50 |
|
$ 189.00 |
|
|
5 |
$ 36.00 |
$ 111.00 |
$ 147.00 |
|
$ 165.00 |
|
|
6 |
$ 30.00 |
$ 112.50 |
$ 142.50 |
|
$ 144.00 |
|
|
7 |
$ 25.71 |
$ 115.70 |
$ 141.41 |
|
$ 126.00 |
|
|
8 |
$ 22.50 |
$ 121.90 |
$ 144.40 |
|
$ 111.00 |
|
|
9 |
$ 20.00 |
$ 130.00 |
$ 150.00 |
|
$ 99.00 |
|
|
10 |
$ 18.00 |
$ 139.50 |
$ 157.50 |
|
$ 87.00 |
|
|
Questions:
Present your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes. If you want to learn how to use Microsoft Excel to create curves, refer to the Microsoft Excel tutorials.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.