Question
This is a company that is dedicated to the transport of furniture in the Ponce region, using its knowledge acquired in the concepts of Costs
This is a company that is dedicated to the transport of furniture in the Ponce region, using its knowledge acquired in the concepts of Costs and Production.
1. Complete the table below
2. Establish in a graph where the total product and the marginal product are found, in it you must identify:
3. How far does the increasing marginal return goes
4. From where to where is the positive but decreasing marginal return.
5. Finally, you must make the graph manually to be able to establish the curves of: Marginal Cost, Average Cost and Average Variable Cost. (All within the same graph. *
* Hint for the graph:
On the horizontal axis put the amounts of tons per day
On the vertical axis, start with the following sequence: 0, 25, 50, 75, 100, 125 and 150
Remember to do one at a time, first mark the points and then pull the line.
Problem# 1- CV starts at 0 and ends at 600 based on 100 each.
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