{"id":537,"date":"2016-12-01T15:12:18","date_gmt":"2016-12-01T23:12:18","guid":{"rendered":"https:\/\/pages.palomar.edu\/jesteban\/?page_id=537"},"modified":"2016-12-01T15:12:38","modified_gmt":"2016-12-01T23:12:38","slug":"cost-lesson-1-practice","status":"publish","type":"page","link":"https:\/\/pages.palomar.edu\/jesteban\/cost-lesson-1-practice\/","title":{"rendered":"Cost Lesson 1 – practice"},"content":{"rendered":"

Practice:<\/p>\n

1) Complete the table below by calculating the missing data:<\/p>\n\n\n\n\n\n\n\n\n\n
Edit<\/a><\/caption>\n
QUANTITY<\/th>\nTFC<\/th>\nTVC<\/th>\nTC<\/th>\n<\/tr>\n<\/thead>\n
0<\/td>\n$285.16<\/span><\/td>\n$0<\/td>\n<\/td>\n<\/tr>\n
1<\/td>\n<\/td>\n$8<\/td>\n<\/td>\n<\/tr>\n
2<\/td>\n<\/td>\n$12<\/td>\n<\/td>\n<\/tr>\n
3<\/td>\n<\/td>\n$15<\/td>\n<\/td>\n<\/tr>\n
4<\/td>\n<\/td>\n$20<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

2) Graph the cost curves for the table above.<\/p>\n

3) Explain what would happen if total fixed cost went up by $100.<\/p>\n

4) Explain what would happen if variable cost went up by $25 at every level of production starting with unit 1<\/b>.<\/p>\n

5) Graph the total fixed cost, total variable cost and total cost curves from numbers 3 and 4 above.<\/p>\n","protected":false},"excerpt":{"rendered":"

Practice: 1) Complete the table below by calculating the missing data: Edit QUANTITY TFC TVC TC 0 $285.16 $0 1 $8 2 $12 3 $15 4 $20 2) Graph the cost curves for the table above. 3) Explain what would … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":115,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-537","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages\/537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/users\/115"}],"replies":[{"embeddable":true,"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/comments?post=537"}],"version-history":[{"count":1,"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages\/537\/revisions"}],"predecessor-version":[{"id":538,"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages\/537\/revisions\/538"}],"wp:attachment":[{"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/media?parent=537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}