Firms and customers I
Materials for class on Monday, February 12, 2018
Contents
Slides
Download the slides from today’s lecture.
Popsicle Sticks, Inc.
| Round | Viable units produced | Sticks used | Corners used | People used | Cost of desk | Cost of scissors | Cost of sticks | Cost of corners | Cost of labor |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 0 | 0 | 0 | 2 | 2 | 1 | 0 | 0 | 0.8 |
| 2 | 5 | 20 | 20 | 4 | 2 | 1 | 2 | 1 | 1.6 |
| 3 | 7 | 32 | 32 | 10 | 2 | 1 | 3.2 | 1.6 | 4 |
| 4 | 10 | 40 | 40 | 11 | 2 | 1 | 4 | 2 | 4.4 |
| 5 | 18 | 72 | 72 | 13 | 2 | 1 | 7.2 | 3.6 | 5.2 |
| Round | Viable units produced | TFC | TVC | TC | TR | AFC | AVC | ATC | MC | Profit |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0 | 3 | 0.8 | 3.8 | 0 | — | — | — | — | -3.8 |
| 2 | 5 | 3 | 4.6 | 7.6 | 10 | 0.6 | 0.92 | 1.52 | 6.84 | 2.4 |
| 3 | 7 | 3 | 8.8 | 11.8 | 14 | 0.4286 | 1.257 | 1.686 | 8 | 2.2 |
| 4 | 10 | 3 | 10.4 | 13.4 | 20 | 0.3 | 1.04 | 1.34 | 9.467 | 6.6 |
| 5 | 18 | 3 | 16 | 19 | 36 | 0.1667 | 0.8889 | 1.056 | 17.32 | 17 |
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