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    Tugas 3 - Market Eq-Cost-Revenue

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    Abang

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    Tugas 3 - Market Eq-Cost-Revenue

    Uploaded by

    Abang
    8 views6 pages

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    Tugas 3 - market eq-cost-revenue

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    8 views6 pages

    Tugas 3 - Market Eq-Cost-Revenue

    Uploaded by

    Abang

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    1.

    The market for pizza has the following demand and supply schedules:

    Graph the demand and supply curves. What is the equilibrium price and quantity in

    this market?

    2. Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship
    between the number of workers and Nimbus’s output in a given day:

    a. Fill in the column of marginal products.


    b. A worker costs $100 a day, and the firm has fixed costs of $200. Use this
    information to fill in the column for total cost.
    c. Fill in the column for average total cost. (Recall that ATC = TC/Q.)

    3. Ball Bearings Inc. faces costs of production as follows:


    a. Calculate the company’s average fixed costs, average variable costs, average
    total costs, and marginal costs.
    b. The price of a case of ball bearings is $50. Compute Total Revenue and Profit.
    c. Seeing that the company can’t make a profit, the Chief Executive Officer (CEO)
    decides to shut down operations. What are the minimum firm’s losses? Was
    the to shut down operations a wise decision? Explain.
    1.

    Ketika harga pizza terletak di angka 6$ yang terjadi adalah kurva


    permintaan dan kurva penawaran saling berpotongan, artinya permintaan sama
    dengan penawaran, sehingga keadaan keseimbangan terjadi pada harga 6$ dengan
    kuantitas 81.
    2.
    a.
    Workers Output Marginal
    Produk

    0 0 0
    1 20 20
    2 50 30
    3 90 40
    4 120 30
    5 140 20
    6 150 10
    7 155 5
    b. A worker costs $100 a day, and the firm has fixed costs of $200.
    Use this information to fill in the column for total cost
    Fix Cost (FC) Variabel Cost (VC) Total Cost (TC)
    200 - 200
    200 100 300
    200 200 400
    200 300 500
    200 400 600
    200 500 700
    200 600 800
    200 700 900

    c. Fill in the column for average total cost. (Recall that ATC = TC/Q.)

    Tota Averag
    Worker Outpu Margina Margin
    l e Total
    s t l Product Cost
    Cost Cost
    0 0 0 200 0
    1 20 20 300 15 5
    3,3333
    2 50 30 400 8
    3
    3 90 40 500 5,55556 2,5
    3,3333
    4 120 30 600 5
    3
    5 140 20 700 5 5
    6 150 10 800 5,33333 10
    7 155 5 900 5,80645 20

    3.
    a. Calculate the company’s average fixed costs, average variable costs, average total
    costs, and marginal costs.
    Quantity Price Total Fix Total Average Average Marginal
    Cost Variable Total Fix Total Cost
    Cost Cost cost
    0 50 100 0 0 100 0
    1 50 100 50 100 150 50
    2 50 100 70 50 170 20
    3 50 100 90 33.33333 190 20
    4 50 100 140 25 240 50
    5 50 100 200 20 300 60
    6 50 100 360 16.66667 460 160
    b. The price of a case of ball bearings is $50. Compute Total Revenue and Profit
    Quantit Pric Tota Total Average Averag Margina Total Profi
    y e l Fix Variabl Total e Total l Cost revenu t
    Cost e Cost Fix Cost cost e
    0 0 100 0 0 100 0 0 -100
    1 50 100 50 100 150 50 50 -100
    2 50 100 70 50 170 20 100 -70
    3 50 100 90 33.3333 190 20 150 -40
    3
    4 50 100 140 25 240 50 200 -40
    5 50 100 200 20 300 60 150 -50
    6 50 100 360 16.6666 460 160 300 -160
    7
    c. Seeing that the company can’t make a profit, the Chief Executive Officer (CEO)
    decides to shut down operations. What are the minimum firm’s losses? Was the to
    shut down operations a wise decision? Explain.
    Explian :
    Berdasarkan dari perhitungan di atas bahwa keputusan yang di ambil oleh CEO
    tersebut untuk melakukan shut down operations adalah benar,di karenakan
    perusahaan tersebut mengalami kerugian hingga -160, hal tersebut terjadi karena
    total revenue lebih kecil dari pada total cost yang di keluarkan oleh perusahaan
    tersebut.

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