{"id":546,"date":"2016-12-02T08:35:07","date_gmt":"2016-12-02T16:35:07","guid":{"rendered":"https:\/\/pages.palomar.edu\/jesteban\/?page_id=546"},"modified":"2016-12-02T08:35:45","modified_gmt":"2016-12-02T16:35:45","slug":"lesson-3-download-exercises","status":"publish","type":"page","link":"https:\/\/pages.palomar.edu\/jesteban\/lesson-3-download-exercises\/","title":{"rendered":"Lesson 3 – download exercises"},"content":{"rendered":"

Practice your knowledge of the Marginal Cost Curve:<\/b><\/h2>\n

1. If the Total Cost of producing 98 burgers at \u201cJunk-in-the-Bag\u201d is $68, and the cost of producing 99 burgers is $68.95, what is the marginal cost of the 99th burger?\u00a0 Why?<\/p>\n

2. Complete the table below:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Edit<\/a><\/caption>\n
Quantity of Snow
\nBoards<\/th>\n		Total Fixed
\nCost<\/th>\n		Total Variable
\nCost<\/th>\n		Total Cost<\/th>\nMarginal Cost<\/th>\n<\/tr>\n<\/thead>\n
0<\/td>\n\u00a0\u00a0$114.34<\/span><\/td>\n0<\/td>\n$114.34<\/span><\/td>\n—<\/td>\n<\/tr>\n
1<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0 78<\/td>\n$192.34<\/span><\/td>\n<\/td>\n<\/tr>\n
2<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0\u00a0128<\/td>\n$242.34<\/span><\/td>\n<\/td>\n<\/tr>\n
3<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0 150<\/td>\n$264.34<\/span><\/td>\n<\/td>\n<\/tr>\n
4<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0\u00a0 200<\/td>\n$314.34<\/span><\/td>\n<\/td>\n<\/tr>\n
5<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0\u00a0 259<\/td>\n$373.34<\/span><\/td>\n<\/td>\n<\/tr>\n
6<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0 360<\/td>\n$474.34<\/span><\/td>\n<\/td>\n<\/tr>\n
7<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0 480<\/td>\n$594.34<\/span><\/td>\n<\/td>\n<\/tr>\n
8<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0\u00a0 650<\/td>\n$764.34<\/span><\/td>\n<\/td>\n<\/tr>\n
9<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0\u00a0 900<\/td>\n$1014.34<\/span><\/td>\n<\/td>\n<\/tr>\n
10<\/td>\n$114.34<\/span><\/td>\n\u00a0$\u00a0 1,300<\/td>\n$1414.34<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

3. Graph the Marginal Cost from number 2 above.<\/p>\n

4. Given the graph below, estimate the lowest average total cost per unit of production and the number of units produced at this cost.\u00a0 Explain how you arrived at your answers.<\/p>\n

\"costsunit\"<\/a>Great! You finished the Marginal Cost lesson!<\/p>\n","protected":false},"excerpt":{"rendered":"

Practice your knowledge of the Marginal Cost Curve: 1. If the Total Cost of producing 98 burgers at \u201cJunk-in-the-Bag\u201d is $68, and the cost of producing 99 burgers is $68.95, what is the marginal cost of the 99th burger?\u00a0 Why? … 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-546","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages\/546","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=546"}],"version-history":[{"count":1,"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages\/546\/revisions"}],"predecessor-version":[{"id":547,"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/pages\/546\/revisions\/547"}],"wp:attachment":[{"href":"https:\/\/pages.palomar.edu\/jesteban\/wp-json\/wp\/v2\/media?parent=546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}