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First Assignment - V2

The document presents cost data for a firm with varying levels of labor (L) from 0 to 120. For each L, it provides the total product (Q), average product (AP), marginal product (MP), total fixed costs (TFC), total variable costs (TVC), total costs (TC), average fixed costs (AFC), average variable costs (AVC), average costs (AC), marginal costs (MC), price (P), total revenue (TR), profit (π), and contribution margin (CM). As L increases from 0 to 10, Q increases from 0 to 300 and MP decreases from 0 to 30. At L=100, Q is maximized at 5700. Beyond this point, MP turns

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37 views16 pages

First Assignment - V2

The document presents cost data for a firm with varying levels of labor (L) from 0 to 120. For each L, it provides the total product (Q), average product (AP), marginal product (MP), total fixed costs (TFC), total variable costs (TVC), total costs (TC), average fixed costs (AFC), average variable costs (AVC), average costs (AC), marginal costs (MC), price (P), total revenue (TR), profit (π), and contribution margin (CM). As L increases from 0 to 10, Q increases from 0 to 300 and MP decreases from 0 to 30. At L=100, Q is maximized at 5700. Beyond this point, MP turns

Uploaded by

ahmed.naguib.hashem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Costs per Month: Assume that TFC = L.E. 100,000 & Wage Rate per Labor hour = L.E.

1000
Costs per Month: Assume that TFC = L.E. 100,000 & Wage Rate per Labor hour = L.E. 1000

L Q=TP AP=Q/L MP=DTP/DL TFC TVC=L*wage rate TC=TFC+TVC

0 0 0 100000 0 100000
10 300 30 30 100000 10000 110000
20 800 40 50 100000 20000 120000
30 1500 50 70 100000 30000 130000
40 2400 60 90 100000 40000 140000
50 3200 64 80 100000 50000 150000
60 3900 65 70 100000 60000 160000
70 4500 64 60 100000 70000 170000
80 5000 63 50 100000 80000 180000
90 5400 60 40 100000 90000 190000
100 5700 57 30 100000 100000 200000
110 5900 54 20 100000 110000 210000
120 6000 50 10 100000 120000 220000
our = L.E. 1000

AFC=TFC/Q AVC=TVC/Q AC=AFC+AVC AC=TC/Q MC=DTC/DTP MC=DTVC/DTP

333.3 33.3 366.7 366.7 33.3 33.3


125.0 25.0 150.0 150.0 20.0 20.0
66.7 20.0 86.7 86.7 14.3 14.3
41.7 16.7 58.3 58.3 11.1 11.1
31.3 15.6 46.9 46.9 12.5 12.5
25.6 15.4 41.0 41.0 14.3 14.3
22.2 15.6 37.8 37.8 16.7 16.7
20.0 16.0 36.0 36.0 20.0 20.0
18.5 16.7 35.2 35.2 25.0 25.0
17.5 17.5 35.1 35.1 33.3 33.3
16.9 18.6 35.6 35.6 50.0 50.0
16.7 20.0 36.7 36.7 100.0 100.0
P = MR TR=P*Q π CM = TR - TVC

0 -100000 0
43.9 13170 -96830 3170
43.9 35120 -84880 15120
43.9 65850 -64150 35850
43.9 105360 -34640 65360
43.9 140480 -9520 90480
43.9 171210 11210 111210
43.9 197550 27550 127550
43.9 219500 39500 139500
43.9 237060 47060 147060
43.9 250230 50230.0 150230
43.9 259010 49010 149010
43.9 263400 43400 143400
Costs per Month: Assume that TFC = L.E. 100,000 & Wage Rate per Labor hour = L.E. 1000

L Q=TP AP=Q/L MP=DTP/DL TFC TVC=L*wage rate TC=TFC+TVC

0 0 0 100000 0 100000
10 300 30 30 100000 10000 110000
20 800 40 50 100000 20000 120000
30 1500 50 70 100000 30000 130000
40 2400 60 90 100000 40000 140000
50 3200 64 80 100000 50000 150000
60 3900 65 70 100000 60000 160000
70 4500 64 60 100000 70000 170000
80 5000 63 50 100000 80000 180000
90 5400 60 40 100000 90000 190000
100 5700 57 30 100000 100000 200000
110 5900 54 20 100000 110000 210000
120 6000 50 10 100000 120000 220000
bor hour = L.E. 1000

AFC=TFC/Q AVC=TVC/Q AC=AFC+AVC AC=TC/Q MC=DTC/DTP

333.3 33.3 366.7 366.6666667 33.3


125.0 25.0 150.0 150.0000000 20.0
66.7 20.0 86.7 86.6666667 14.3
41.7 16.7 58.3 58.3333333 11.1
31.3 15.6 46.9 46.8750000 12.5
25.6 15.4 41.0 41.0256410 14.3
22.2 15.6 37.8 37.7777778 16.7
20.0 16.0 36.0 36.0000000 20.0
18.5 16.7 35.2 35.1851852 25.0
17.5 17.5 35.1 35.0877193 33.3
16.9 18.6 35.6 35.5932203 50.0
16.7 20.0 36.7 36.6666667 100.0
MC=DTVC/DTP P = MR TR=P*Q π CM = TR - TVC

0 -100000.00 0
33.3 35.1 10530 -99470.00 530
20.0 35.1 28080 -91920.00 8080
14.3 35.1 52650 -77350.00 22650
11.1 35.1 84240 -55760.00 44240
12.5 35.1 112320 -37680.00 62320
14.3 35.1 136890 -23110.00 76890
16.7 35.1 157950 -12050.00 87950
20.0 35.1 175500 -4500.00 95500
25.0 35.1 189540 -460.00 99540
33.3 35.1 200000 0.00 100000
50.0 35.1 207090 -2910.00 97090
100.0 35.1 210600 -9400.00 90600
Costs per Month: Assume that TFC = L.E. 100,000 & Wage Rate per Labor hour = L.E. 1000

L Q=TP AP=Q/L MP=DTP/DL TFC TVC=L*wage rate TC=TFC+TVC

0 0 0 100000 0 100000
10 300 30 30 100000 10000 110000
20 800 40 50 100000 20000 120000
30 1500 50 70 100000 30000 130000
40 2400 60 90 100000 40000 140000
50 3200 64 80 100000 50000 150000
60 3900 65 70 100000 60000 160000
70 4500 64 60 100000 70000 170000
80 5000 63 50 100000 80000 180000
90 5400 60 40 100000 90000 190000
100 5700 57 30 100000 100000 200000
110 5900 54 20 100000 110000 210000
120 6000 50 10 100000 120000 220000
bor hour = L.E. 1000

AFC=TFC/Q AVC=TVC/Q AC=AFC+AVC AC=TC/Q MC=DTC/DTP MC=DTVC/DTP

333.3 33.3 366.7 366.7 33.3 33.3


125.0 25.0 150.0 150.0 20.0 20.0
66.7 20.0 86.7 86.7 14.3 14.3
41.7 16.7 58.3 58.3 11.1 11.1
31.3 15.6 46.9 46.9 12.5 12.5
25.6 15.4 41.0 41.0 14.3 14.3
22.2 15.6 37.8 37.8 16.7 16.7
20.0 16.0 36.0 36.0 20.0 20.0
18.5 16.7 35.2 35.2 25.0 25.0
17.5 17.5 35.1 35.1 33.3 33.3
16.9 18.6 35.6 35.6 50.0 50.0
16.7 20.0 36.7 36.7 100.0 100.0
P = MR TR=P*Q π CM = TR - TVC

0 -100000 0
20.0 6000 -104000 -4000
20.0 16000 -104000 -4000
20.0 30000 -100000 0
20.0 48000 -92000 8000
20.0 64000 -86000 14000
20.0 78000 -82000 18000
20.0 90000 -80000 20000
20.0 100000 -80000.0 20000
20.0 108000 -82000 18000
20.0 114000 -86000 14000
20.0 118000 -92000 8000
20.0 120000 -100000 0
Costs per Month: Assume that TFC = L.E. 100,000 & Wage Rate per Labor hour = L.E. 1000

L Q=TP AP=Q/L MP=DTP/DL TFC TVC=L*wage rate TC=TFC+TVC

0 0 0 100000 0 100000
10 300 30 30 100000 10000 110000
20 800 40 50 100000 20000 120000
30 1500 50 70 100000 30000 130000
40 2400 60 90 100000 40000 140000
50 3200 64 80 100000 50000 150000
60 3900 65 70 100000 60000 160000
70 4500 64 60 100000 70000 170000
80 5000 63 50 100000 80000 180000
90 5400 60 40 100000 90000 190000
100 5700 57 30 100000 100000 200000
110 5900 54 20 100000 110000 210000
120 6000 50 10 100000 120000 220000
bor hour = L.E. 1000

AFC=TFC/Q AVC=TVC/Q AC=AFC+AVC AC=TC/Q MC=DTC/DTP MC=DTVC/DTP

333.3 33.333333 366.7 366.7 33.3 33.3


125.0 25.000000 150.0 150.0 20.0 20.0
66.7 20.000000 86.7 86.7 14.3 14.3
41.7 16.666667 58.3 58.3 11.1 11.1
31.3 15.625000 46.9 46.9 12.5 12.5
25.6 15.384615 41.0 41.0 14.3 14.3
22.2 15.555556 37.8 37.8 16.7 16.7
20.0 16.000000 36.0 36.0 20.0 20.0
18.5 16.666667 35.2 35.2 25.0 25.0
17.5 17.543860 35.1 35.1 33.3 33.3
16.9 18.644068 35.6 35.6 50.0 50.0
16.7 20.000000 36.7 36.7 100.0 100.0
P = MR TR=P*Q π CM = TR - TVC

0 -100000 0
15.4 4615 -105384.6153846 -5385
15.4 12308 -107692.3076923 -7692
15.4 23077 -106923.0769231 -6923
15.4 36923 -103076.9230769 -3077
15.4 49231 -100769.2307692 -769
15.4 60000 -100000.0 0
15.4 69231 -100769.2307692 -769
15.4 76923 -103076.9230769 -3077
15.4 83077 -106923.0769231 -6923
15.4 87692 -112307.6923077 -12308
15.4 90769 -119230.7692308 -19231
15.4 92308 -127692.3076923 -27692
Costs per Month: Assume that TFC = L.E. 100,000 & Wage Rate per Labor hour = L.E. 1000

L Q=TP AP=Q/L MP=DTP/DL TFC TVC=L*wage rate TC=TFC+TVC

0 0 0 100000 0 100000
10 300 30 30 100000 10000 110000
20 800 40 50 100000 20000 120000
30 1500 50 70 100000 30000 130000
40 2400 60 90 100000 40000 140000
50 3200 64 80 100000 50000 150000
60 3900 65 70 100000 60000 160000
70 4500 64 60 100000 70000 170000
80 5000 63 50 100000 80000 180000
90 5400 60 40 100000 90000 190000
100 5700 57 30 100000 100000 200000
110 5900 54 20 100000 110000 210000
120 6000 50 10 100000 120000 220000
bor hour = L.E. 1000

AFC=TFC/Q AVC=TVC/Q AC=AFC+AVC AC=TC/Q MC=DTC/DTP MC=DTVC/DTP

333.3 33.3 366.7 366.7 33.3 33.3


125.0 25.0 150.0 150.0 20.0 20.0
66.7 20.0 86.7 86.7 14.3 14.3
41.7 16.7 58.3 58.3 11.1 11.1
31.3 15.6 46.9 46.9 12.5 12.5
25.6 15.4 41.0 41.0 14.3 14.3
22.2 15.6 37.8 37.8 16.7 16.7
20.0 16.0 36.0 36.0 20.0 20.0
18.5 16.7 35.2 35.2 25.0 25.0
17.5 17.5 35.1 35.1 33.3 33.3
16.9 18.6 35.6 35.6 50.0 50.0
16.7 20.0 36.7 36.7 100.0 100.0
P = MR TR=P*Q π CM = TR - TVC

0 -100000 0
15.3 4590 -105410 -5410
15.3 12240 -107760 -7760
15.3 22950 -107050 -7050
15.3 36720 -103280 -3280
15.3 48960 -101040 -1040
15.3 59670 -100330.0 -330
15.3 68850 -101150 -1150
15.3 76500 -103500 -3500
15.3 82620 -107380 -7380
15.3 87210 -112790 -12790
15.3 90270 -119730 -19730
15.3 91800 -128200 -28200

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