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    Signature Assignment Spreadsheet-Spring 2024-Assignment

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    api-614327421

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    © All Rights Reserved
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    Signature Assignment Spreadsheet-Spring 2024-Assignment

    Uploaded by

    api-614327421
    37 views2 pages

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    signature assignment spreadsheet-spring 2024-assignment

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    37 views2 pages

    Signature Assignment Spreadsheet-Spring 2024-Assignment

    Uploaded by

    api-614327421

    Copyright:

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

    Microeconomics 2024 Name Abbie Price Perfect Competition


    10:00 -
    Signature Assignment Hour 11:20
    ePortfolio Day 4/8/2024

    (AVC) (MR)
    (TFC) (TVC) (AFC) Averag (ATC) Market Margina
    Total Total (TC) Averag e Average (MC) Price Total l
    Fix Variabl Total e Fix Variabl Total Margina Perfect Revenu Total Revenu
    Total Output/hr Costs e Costs Costs Costs e Costs Costs l Costs Competition e Profit e
    $ $
    0 $8.00 $0.00 $8.00 - - - $ - 7.00 $0.00 ($8.00) 7.00
    $ $ $ $ $ $
    1 $8.00 $6.00 $14.00 8.00 6.00 14.00 6.00 7.00 $7.00 ($7.00) 7.00
    $ $ $ $ $ $
    2 $8.00 $9.00 $17.00 4.00 4.50 8.50 3.00 7.00 $14.00 ($3.00) 7.00
    $ $ $ $ $ $
    3 $8.00 $11.00 $19.00 2.67 3.67 6.33 2.00 7.00 $21.00 $2.00 7.00
    $ $ $ $ $ $
    4 $8.00 $12.00 $20.00 2.00 3.00 5.00 1.00 7.00 $28.00 $8.00 7.00
    $ $ $ $ $ $
    5 $8.00 $14.00 $22.00 1.60 2.80 4.40 2.00 7.00 $35.00 $13.00 7.00
    $ $ $ $ $ $
    6 $8.00 $17.00 $25.00 1.33 2.83 4.17 3.00 7.00 $42.00 $17.00 7.00
    $ $ $ $ $ $
    7 $8.00 $21.00 $29.00 1.14 3.00 4.14 4.00 7.00 $49.00 $20.00 7.00
    $ $ $ $ $ $
    8 $8.00 $26.00 $34.00 1.00 3.25 4.25 5.00 7.00 $56.00 $22.00 7.00
    $ $ $ $ $ $
    9 $8.00 $32.00 $40.00 0.89 3.56 4.44 6.00 7.00 $63.00 $23.00 7.00
    $ $ $ $ $ $
    10 $8.00 $39.00 $47.00 0.80 3.90 4.70 7.00 7.00 $70.00 $23.00 7.00
    $ $ $ $ $ $
    11 $8.00 $47.00 $55.00 0.73 4.27 5.00 8.00 7.00 $77.00 $22.00 7.00
    Total Cost and Total Revenue Profit Maximization Rule
    $90.00 $9.00
    $80.00 $8.00
    $70.00 $7.00
    $60.00 $6.00
    $50.00 $5.00
    $40.00 $4.00
    $30.00 $3.00
    $20.00 $2.00
    $10.00 $1.00
    $0.00 $-
    1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11

    (TC) Total Costs Total Revenue (MC) Marginal Costs (MR) Marginal Revenue

    Short Run Cost Profit Maximizing Operation


    $16.00 $25.00
    $14.00 $20.00
    $12.00 $15.00
    $10.00 $10.00
    $8.00
    $5.00
    $6.00
    $-
    $4.00 1 2 3 4 5 6 7 8 9 10 11
    $(5.00)
    $2.00
    $(10.00)
    $-
    1 2 3 4 5 6 7 8 9 10 11
    (AFC) Average Fix Costs (AVC) Average Variable Costs
    (AFC) Average Fix Costs (AVC) Average Variable Costs (ATC) Average Total Costs (MC) Marginal Costs
    (ATC) Average Total Costs (MC) Marginal Costs Total Profit (MR) Marginal Revenue

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