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    Ecosystem

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    darwin manaog
    The document contains 4 questions asking to write essays on the effects of cost and production on the economy, how market structure affects supply and demand, and to create schedules and curves for total, average, and marginal product. It also contains a table to complete and identify the best price-quantity combination to maximize profits.

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    Ecosystem

    Uploaded by

    darwin manaog
    15 views3 pages
    The document contains 4 questions asking to write essays on the effects of cost and production on the economy, how market structure affects supply and demand, and to create schedules and curves for total, average, and marginal product. It also contains a table to complete and identify the best price-quantity combination to maximize profits.

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    swwaw

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    The document contains 4 questions asking to write essays on the effects of cost and production on the economy, how market structure affects supply and demand, and to create schedules and curves for total, average, and marginal product. It also contains a table to complete and identify the best price-quantity combination to maximize profits.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views3 pages

    Ecosystem

    Uploaded by

    darwin manaog
    The document contains 4 questions asking to write essays on the effects of cost and production on the economy, how market structure affects supply and demand, and to create schedules and curves for total, average, and marginal product. It also contains a table to complete and identify the best price-quantity combination to maximize profits.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    Darwin C.

    Manaog
    MKTMGT
    Activity: 4
    1. Write an essay about the effect of cost and production on our economy?
    This has a big part on our economy, if one company produce more than
    product the more cost in production will consume. The effect of this in our
    economy is good because the more product will be produced the more money will
    coming. It means that product is in demand.
    2. Write an essay how market structure affect the supply and demand in market?
    Market structure affects the supply of different commodities in the market.
    When the competition is high there is a high supply of commodity as different
    companies try to dominate the markets. It also creates barriers to entry for the
    companies that intend to join that market. Aside from supply, demand will also
    affected of market structure due of difference of this market structure.

    3. Create a schedule and curve of Total, Average and Marginal Product?

    TOTAL, AVERAGE, MARGINAL PRODUCT OF CAN GOODS MANUFACTURER

    NUMBER OF TOTAL AVERAGE MARGINAL,


    WORKERS OUTPUT PER PRODUCT PRODUCT
    DAY
    1 60 CAN GOODS 60 CAN GOODS 60 CAN GOODS
    2 135 67.5 75
    3 230 76.7 95
    4 330 82.5 100
    5 420 84 90
    6 480 80 60
    7 550 78.6 70
    8 620 77.5 70
    9 635 70.5 15
    10 615 61.5 -20
    CURVE FOR TOTAL OUTPUT FOR CAN GOODS

    Total output per day


    700

    600

    500

    400

    300

    200

    100

    0
    1 2 3 4 5 6 7 8 9 10

    Total output per day

    CURVE FOR AVERAGE PRODUCT FOR CAN GOODS

    AVERAGE PRODUCT
    90

    80

    70

    60

    50

    40

    30

    20

    10

    0
    1 2 3 4 5 6 7 8 9 10

    AVERAGE PRODUCT
    CURVE FOR MARGINAL PRODUCT FOR CAN GOODS

    MARGINAL PRODUCT
    120

    100

    80

    60

    40

    20

    0
    1 2 3 4 5 6 7 8 9 10
    -20

    -40

    MARGINAL PRODUCT

    4. Complete the table below and choose the best combination that will maximize your profit?

    Price Per Quantity sold Total receipt Cost Per Total Cost Monopoly
    Unit Unit Profits
    5.00 1000 5000 2.00 10000 -5000
    10.00 900 9000 2.00 18000 9000
    15.00 800 12000 2.00 24000 12000
    20.00 700 14000 2.00 28000 14000
    25.00 600 15000 2.00 30000 15000
    30.00 500 15000 2.00 30000 15000
    35.00 400 14000 2.00 28000 14000
    40.00 300 12000 2.00 24000 12000
    45.00 200 9000 2.00 18000 9000
    50.00 100 5000 2.00 10000 -5000

    The best combination that I will choose is price 25.00 and 30.00 I am sure that this will be
    maximize my profit.

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