Production and Costs GRAPHS Production Costs CALCULATIONS Output (Q) Output MP Fixed Variable Total Marginal TP = Q Costs Costs ATC Costs Costs 700 0 0.0 100 100 500 1 25.0 25.0 100 20 500 120 4.800 0.800 400 2 75.0 50.0 100 40 140 1.867 0.400 300 3 150.0 75.0 100 60 160 1.067 0.267 200 4 250.0 100.0 100 80 180 0.720 0.200 100 5 337.5 87.5 100 100 200 0.593 0.229 6 2 4 6 412.5 75.0 100 8 12 120 220 10 0.533 0.267 475.0 62.5 100 140 240 0.505 0.320 AP, MP 3 525.0 50.0 100 160 260 0.495 0.400 100 AP MP 9 562.5 37.5 100 180 280 0.498 0.533 60 10 587.5 25.0 100 200 300 0.511 0.800 20 11 600.0 12.5 100 220 320 0.533 1.600 2 4 6 8 10 12 12 600. 0.0 100 240 340 0.567 MacBook Pro C G Search or type URL + $ W# 4 5 6 7 8 O E R T Y U O P D F G H K C V B N MAP, MP 8 525.0 50.0 100 160 260 0.495 0.400 100 AP MP 562.5 37.5 100 180 280 0.498 0.533 60 LO 587.5 25.0 100 200 300 0.511 0.800 20 11 600.0 12.5 100 220 320 0.533 1.600 2 4 6 8 10 12 12 600.0 0.0 100 240 340 0.567 SETTINGS Reset Fixed Costs (0 - $100) 100 Productivity Index Wage Rate (0 - $40) 20 0% 25% Instructions: Click the buttons above the graphing window to show either production functions or cost functions. Type in values for Fixed Costs or Wage Rate (the cost per worker). Move the Productivity Index right to see the effect of increasing productivity by up to 25%. The table and graphs will update as Settings are changed. Set Fixed Costs to $100, Wage Rate to $40 per worker, and slide the Productivity Index to 0%. What is the cost per unit when 270 units are produced? $ (report three decimal places) The cost per unit of producing 270 units can be calculated by dividing two numbers from the table. This calculation is $ MacBook Pro C G Search or type URL + @ $ W# 4 6 8 O W E R T Y U O P D F G H J K X C V B N M