Managerial Economics. Production concept. I, II, III, IV. Thank you very much! Positive feedback :))

PRODUCTION CONCEPT I. LONG RUN OR SHORT RUN 1.A) A brewery company plans to increase in production of beer by rendering overtime work of its employee without increasing its production site B) A brewery company wants to increase it production of beer by rendering overtime work and along with the purchase of new equipment.. 2. A] Hospital ABC wants to increase its health care services by purchasing additional equipment and expanding its bed capacity._ B Hospital ABC wants to increase its health care services by expanding its bed capacity without purchasing additional equipment 3. A) A garment factory wants to increase its production by purchasing additional sewing machine and hires additional sewers. B) A garment factory wants to increase its production by hiring additional sewer without buying additional sewing machine. Complete the following production table for textile production. Write down the formula Total Fixed variable Marginal Product Input Input Product (TP [FI) (VI] [MP] 10 10 10 20 10 30 280 40 450 10 50 500 10 60Complete the production cost schedule Total Fixed Cost variable Total Marginal Average Average Average Product (FC) Cost Cost Cost [MC) Fixed Cost Total Cost or Q. [VC) [TC) [AFC) Cost [ATC) [AVC] 0 50 50 X X X 50 50 130 2 50 110 30 55 3 200 16.57 4 210 250 52.50 5 290 340 0 5 400 110 6.34 500 150 7.14 78.57 85.71 III. Based on the table, identify the kind of cost being explained 1. Cost the varies (change) with the output 2. Cost that decreases as output increases 3. Cost that can be calculated by dividing TCover TP 4. Cost that is horizontal line if constructed in graph 5. Formula for MCis 6. Formula for TC is 7. Formula for AVC is B. Formula for TVC is IV. Based on the table, construct a well-label graph with TC on the vertical Axis and TP on the horizontal