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Cost and Production Is this the relationship that you expected to be the case at this Quantity ? In other words, do these two answers
Cost and Production
- Is this the relationship that you expected to be the case at this Quantity? In other words, do these two answers remind you of any 'optimality condition' that we have studied in this course? If so, which condition?
- In Chapter 15, we learned that a monopoly does not have a supply curve, but instead, it does have a supply point.Whereisthesupplypointofyour company?Thatis,whatisthequantitysuppliedof Polymerconcrete by your company? How did you find this supply point? What is the price associated with this quantity supplied?
- Now,pleasecomputethe"rateofprofit"(simplydefinedas (Profit/TC)*100%)for eachof QATC-Min,QTR-Max, and QProf-Maxand rank and report them in your Excel file.
- If you are a rational producer, which scale of operation do you choose to operate on when you look at "the rates of profits" (which youcomputedin Part "t") and"total amounts of profits" (which you computed in Part "l")? Why?
- Now, do you better understand the connections and applications of the theories how has it helped you>?
Q_D | P |
| 0 | 2,500 |
10,000 | 2,300 |
20,000 | 2,100 |
30,000 | 1,850 |
40,000 | 1,600 |
50,000 | 1,480 |
60,000 | 1,450 |
70,000 | 1,360 |
80,000 | 1,200 |
90,000 | 1,000 |
100,000 | 800 |
| Q | FC | VC | TC | MC | AFC | AVC | ATC | Profit | Q_D | P | TR | AR | MR | Change in Q | Change in P | Elasticity | Profit | |
| 0 | 10,000,000 | 0 | 10,000,000 | - | - | - | - | - | 0 | 2,500 | - | |||||||
| 10,000 | 10,000,000 | 8,000,000 | 18,000,000 | 800 | 1,000 | 800 | 1,800 | 5,000,000 | 10,000 | 2,300 | 23,000,000 | 2,300 | 2,300 | 2 | (0.08) | -24.000000000000 | 5,000,000 | |
| 20,000 | 10,000,000 | 15,000,000 | 25,000,000 | 700 | 500 | 750 | 1,250 | 17,000,000 | 20,000 | 2,100 | 42,000,000 | 2,100 | 1,900 | 0.66666667 | (0.09) | -7.333333333333 | 17,000,000 | |
| 30,000 | 10,000,000 | 21,000,000 | 31,000,000 | 600 | 333 | 700 | 1,033 | 24,500,000 | 30,000 | 1,850 | 55,500,000 | 1,850 | 1,350 | 0.4 | (0.13) | -3.160000000000 | 24,500,000 | |
| 40,000 | 10,000,000 | 23,000,000 | 33,000,000 | 200 | 250 | 575 | 825 | 31,000,000 | 40,000 | 1,600 | 64,000,000 | 1,600 | 850 | 0.28571429 | (0.14) | -1.971428571429 | 31,000,000 | |
| 50,000 | 10,000,000 | 32,000,000 | 42,000,000 | 900 | 200 | 640 | 840 | 32,000,000 | 50,000 | 1,480 | 74,000,000 | 1,480 | 1,000 | 0.22222222 | (0.08) | -2.851851851852 | 32,000,000 | |
| 60,000 | 10,000,000 | 45,000,000 | 55,000,000 | 1,300 | 167 | 750 | 917 | 32,000,000 | 60,000 | 1,450 | 87,000,000 | 1,450 | 1,300 | 0.18181818 | (0.02) | -8.878787878788 | 32,000,000 | |
| 70,000 | 10,000,000 | 58,000,000 | 68,000,000 | 1,300 | 143 | 828.5714 | 971 | 27,200,000 | 70,000 | 1,360 | 95,200,000 | 1,360 | 820 | 0.15384615 | (0.06) | -2.401709401709 | 27,200,000 | |
| 80,000 | 10,000,000 | 75,000,000 | 85,000,000 | 1,700 | 125 | 937.5 | 1,063 | 11,000,000 | 80,000 | 1,200 | 96,000,000 | 1,200 | 80 | 0.13333333 | (0.13) | -1.066666666667 | 11,000,000 | |
| 90,000 | 10,000,000 | 95,000,000 | 105,000,000 | 2,000 | 111 | 1055.556 | 1,167 | (15,000,000) | 90,000 | 1,000 | 90,000,000 | 1,000 | (600) | 0.11764706 | (0.18) | -0.647058823529 | (15,000,000) | |
| 100,000 | 10,000,000 | 120,000,000 | 130,000,000 | 2,500 | 100 | 1200 | 1,300 | (50,000,000) | 100,000 | 800 | 80,000,000 | 800 | (1,000) | 0.10526316 | (0.22) | -0.473684210526 | (50,000,000) |
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Macroeconomics Principles, Problems, & Policies
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
20th Edition
0077660773, 9780077660772
