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Cost and Profit

The document contains a table with data on costs, revenues, output, employment and profits for a firm as output increases from 0 to 55 units. It asks the reader to complete the table and plot relevant graphs for total costs, total revenues, profits and other variables as output increases. The table contains data on total fixed costs, total variable costs, total costs, marginal costs, average fixed costs, average variable costs, average total costs, total revenues, total profits, labor employed, average product of labor and marginal product of labor at different output levels.

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Rommel Anthony Tayag
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49 views10 pages

Cost and Profit

The document contains a table with data on costs, revenues, output, employment and profits for a firm as output increases from 0 to 55 units. It asks the reader to complete the table and plot relevant graphs for total costs, total revenues, profits and other variables as output increases. The table contains data on total fixed costs, total variable costs, total costs, marginal costs, average fixed costs, average variable costs, average total costs, total revenues, total profits, labor employed, average product of labor and marginal product of labor at different output levels.

Uploaded by

Rommel Anthony Tayag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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COSTS, MARGINALS AND

PROFITS

Complete the table below and plot the relevant graphs.

Market Price =
375

TFC

TVC

TC

MC

AFC

AVC

ATC

TR

TP

Labor

APL

MPL

PROFIT
/LOSS

1000

1,000

-1,000

1000

300

1,300

60

200.0

60

260.0

1875

2.0

2.0

575

10

1000

700

1,700

80

100.0

70

170.0

3750

1.3

1.0

2,050

15

1000

1,400

2,400

140

66.7

93

160.0

5625

1.2

1.0

3,225

20

1000

2,350

3,350

190

50.0

118

167.5

7500

11

1.4

2.0

4,150

25

1000

4,000

5,000

330

40.0

160

200.0

9375

16

11

1.5

1.7

4,375

30

1000

6,550

7,550

510

33.3

218

251.7

11250

22

15

1.5

1.5

3,700

35

1000

9,000

10,000

490

28.6

257

285.7

13125

29

20

1.5

1.4

3,125

40

1000

12,500

13,500

700

25.0

313

337.5

15000

37

26

1.4

1.3

1,500

45

1000

16,600

17,600

820

22.2

369

391.1

16875

46

33

1.4

1.3

-725

50

1000

23,500

24,500

1,380

20.0

470

490.0

18750

46

42

1.1

0.0

-5,750

55

1000

30,600

31,600

1,420

18.2

556

574.5

20625

37

52

0.7

-0.9

-10,975

TC
TR

Profit/Loss

Profit/Loss

TP

TP

APL
MPL

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