Q-2 Elizabeth Winter's farm is a pro
52,000 and
per month.
(in truckloads)
1
$500 1,500 67,500 12 $1,000 15 9,000 25 12,160
1
2
Show that Ms. Winter's farm is subject to increasing marginal cost as output increases. Compute between Marginal Product and Marginal Cost?
X
Q-3 The graph below shows the combinations of inputs X and Y which yield output rates of Q-50, Q-75, and Q-100. Input Y is fixed at Y=5. A unit of X costs $100 and a unit of Y costs $200. Use the graph to complete the tables below. There is no raw material and no raw material costs.
A
Q=5
5
Q=75
Q=100
7
10 19 X jnduI
Over please