Please fill in the missing data for the blank lines (#8) on the graph and then questions...

Question

Please fill in the missing data for the blank lines (#8) on the graph and then questions below.

Output (Instructional
Modules
per Month)

Fixed
Costs

Variable
Costs

Total
Cost

Average
Fixed
Cost

Average
Variable
Cost

Average
Total
Cost

Marginal
Cost

0

$1080

0

$1080

0

1

$1,080

$ 400

$1,480

$1080

$400

$1480

$400

2

$1,080

$850

$1930

$540

$425

$965

$450

3

$1,080

$1,350

$2,430

$450

$810

$1260

$500

4

$1,080

$1900

$2980

$270

$475

$745

$550

5

$1,080

$2,500

$3580

$216

$500

$716

$600

6

$1,080

$3200

$4,280

$180

$533.33

4713.33

$700

7

$1,080

$4,100

$5180

$154.28

$585.71

$739.99

$900

8

$1,080

$135

9

$1,080

$7,300

$8380

$120

$811.11

$931.11

10

$1,080

$8720

$980

$108

$980

$1088.00

$1420

Do these look like they should? Is this table describing the short run or the long run? How do you know?
2. Graph the budget line and add the indifference curve for the following situation>
Assumptions: You have a $90 budge
Cost of Pillow is $15
Cost of Shoes is $45
Cost for shoes changse to $30
Hint: You must spend 1/2 of the budget on each.
Also, graph the demand curve based on the above information. Make sure that you explain what is going on in each graph - using words.

David · Accepted Answer

Output
	 
	 
	 
	 
	 
	 
	 
	(Instructional
	 
	 
	 
	Average
	Average
	Average
	 
	Modules
	Fixed
	Variable
	Total
	Fixed 
	Variable
	Total 
	Marginal
	per Month)
	Costs
	Costs
	Cost
	Cost
	Cost
	Cost
	Cost
	0
	1080
	0
	1080
	#DIV/0!
	 
	 
	 
	1
	$1,080
	 $ 400
	 $1,480
	1080
	400
	1480
	$400
	2
	1080
	850
	1930
	540
	425
	965
	$450
	3
	1080
	$1,350
	$2,

Please fill in the missing data for the blank lines (#8) on the graph and then questions below. Output (Instructional Modules per Month) Fixed Costs Variable Costs Total Cost Average Fixed Cost...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment

Output (Instructional Modules per Month)	Fixed Costs	Variable Costs	Total Cost	Average Fixed Cost	Average Variable Cost	Average Total Cost	Marginal Cost
0	$1080	0	$1080	0	0	0
1	$1,080	$ 400	$1,480	$1080	$400	$1480	$400
2	$1,080	$850	$1930	$540	$425	$965	$450
3	$1,080	$1,350	$2,430	$450	$810	$1260	$500
4	$1,080	$1900	$2980	$270	$475	$745	$550
5	$1,080	$2,500	$3580	$216	$500	$716	$600
6	$1,080	$3200	$4,280	$180	$533.33	4713.33	$700
7	$1,080	$4,100	$5180	$154.28	$585.71	$739.99	$900
8	$1,080	$135
9	$1,080	$7,300	$8380	$120	$811.11	$931.11
10	$1,080	$8720	$980	$108	$980	$1088.00	$1420