OX + coc.instructure.com/courses/39203/quizzes/secured#lockdown D Question 15 Marginal Qty Price Total 19 Factor of of Cost Cost Factor Factor (P x X X (MFC, in $) O $4 $0 N/A 1 $4 $4 2 $4 $8 3 $4 $12 4 $4 $16 Solve for the MFC at Qty of Factor X = 1, Qty of Factor X = 2, Qty of Factor X = 3, and Qty of Factor X = 4. MFC = change in TC / change in Quantity of Factor X Edit View Insert Format Tools Table 12pt Paragraph B I U A V Q V T V Q V B BV BY : Search 99+ 5 8OX + oc.instructure.com/courses/39203/quizzes/secured#lockdown Edit View, Insert Format Tools Table 12 pt > Paragraph ~ | B J U A Q V T V | Q B BV DV RO EES3 1 8 words > D Question 14 Refer to the previous question. At Qty of Factor X = 3, what is the interpretation of its MRP? Edit View Insert Format Tools Table 12pt v Paragraph ~ |B J U A v & V T V Q V B V B BV ROSY : Search 99+ 5 8 OO X + c.instructure.com/courses/39203/quizzes/secured#lockdown D Question 13 5 pt Product Qty Price = Total Marginal of Qty of Marg Revenue Revenue Output, Factor Rev Product Q (P x Q (MRP, in X (P = Output) $) MR) O O $4 $0 N/A 20 $4 $80 2 28 $4 $112 32 $4 $128 4 33 $4 $132 Solve for the MRP at Qty of Factor X = 1, Qty of Factor X = 2, Qty of Factor X = 3, and Qty of Factor X = 4. MRP = change in TR / change in Quantity of Factor X Edit View Insert Format Tools Table 12pt Paragraph B I U A Q V T 2 V Q V B V BY BY R O SV 1 320 Search 99+ecture.com/cou O words > D Question 16 Refer to the previous question. Look at the column that says Qty of Factor X. At Qty = 2, what is the interpretation of its MFC? Edit View Insert Format Tools Table 12pt Paragraph p : # 0 words Search U Ore.com/courses/39203/quizzes/secured#lockdown Edit View Insert Format Tools Table 12 pt v Paragraph ~ | B I U A v Q V T V Q V B V BV DV D O BV : D O words > Question 17 5 pts Refer to the 4 previous questions. Assume there is only 1 factor. The company wants to keep on adding Factor X. When does it stop? Tell me why. Edit View Insert Format Tools Table 12pt Paragraph B I U A & V T Z V Q V B V BAY BY R 0 8 : BE: # O words Search 99+ 5 O P