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Material Type: Assignment; Class: Prin of Microeconomics; Subject: Economics; University: Shepherd University; Term: Spring 2009;
Typology: Assignments
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Total Points = 40 NAME___________________________
Quantity of Wheat (bushels) 80 70 60 50 40 30 20 10 0 1 2 3 4 5 Quantity of Labor
MPPL (bushels) 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 1 2 3 4 5 Quantity of Labor f. Draw a graph showing George and Martha’s marginal cost (MC) curve on the axes below. Numbers are not necessary, but briefly explain why you drew it like you did. (3 points) Marginal Cost Quantity of Wheat(Q)
Costs ($) MC ATC AVC 12 10 8 4 5 Quantity