Cuyahoga Community College - Eastern Campus - Economics Department
Principles of MicroEconomics -- ECON 2620 L. M. Kendra
Project # 17 Chapter 15
Problem Specifics: After completing the four table below analyze the data in detail.
Note: See graphing grids in file for Project 18.
Example A
Total Marginal Marginal
Input Physical Physical Unit Total Revenue Unit Total Resource
Sets Product Product Price Revenue Product Cost Cost Cost
0- 6.00$ 100.00$
> >
130 6.00 100.00
> >
270 6.00 100.00
> >
3 100 6.00 100.00
>>
4 120 6.00 100.00
>>
5 130 6.00 100.00
>>
6 135 6.00 100.00
Example B
Total Marginal Marginal
Input Physical Physical Unit Total Revenue Unit Total Resource
Sets Product Product Price Revenue Product Cost Cost Cost
0- 4.00$ 30.00$
> >
140 4.00 35.00
> >
290 4.00 40.00
> >
3 140 4.00 45.00
>>
4 180 4.00 50.00
>>
5 200 4.00 55.00
>>
6 195 4.00 60.00
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