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34 views3 pages

11 - 28 Active Learning

Uploaded by

111304008
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Active Learning 1

The equilibrium rent on office space has just


increased by $500/month.
Determine the effects on accounting profit and
economic profit if: decrease $ 5001 month
accounting profit :

A. You rent your office space (you pay


$500/month) profit decrease 500 1 month
economic :
$

B. You own your office space


accounting profit : doesn t
change
economio profit : decrease $ 5001 month
Active Learning 2:

A. What is the
Number marginal product of
of Output MPL
workers
the second worker? 40
0 0 B. What is the
marginal product of
1 45 the fourth worker?25

2 85 C. Does this
3 115 production function
4 135 exhibits diminishing
5 145 marginal returns? Yes
Active Learning 3:

Q VC TC AFC AVC ATC MC


Fill in the blank spaces of this table.
0 $ 0 $50 n/a n/a n/a
$10
1 10 60 $ 50 $10 $60.00
20

2 30 80 25 15 40

30
3 60 110 16.67 20 36.67
40

4 100 150 12.50 25 37.50 “

50

5 150 200 10 30 40
60
6 210 260 8.33 35 43.33

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