11 Cost and Production Simulation.xlsx

	A	B	C	D	E	F	G	H	I
1	Q	Total Cost	TFC	TVC	AFC	AVC	ATC	MC
2	0	640	$640	$0	---	---	---	---	1) Fill in the blanks in the table
3	1	1040	$640	$400	640.00	400.00	1040.00	400.00	2) Graph the Marginal Cost
4	2	1280	$640	$640	320.00	320.00	640.00	240.00	3) Draw the supply curve, assuming there are
5	3	1360	$640	$720	213.33	240.00	453.33	80.00	100 firms in the market
6	4	1520	$640	$880	160.00	220.00	380.00	160.00	4) Find the equilibrium market price. Describe what
7	5	1720	$640	$1,080	128.00	216.00	344.00	200.00	each firm will be doing today in the short run.
8	6	1960	$640	$1,320	106.67	220.00	326.67	240.00	What will change in the long run?
9	7	2240	$640	$1,600	91.43	228.57	320.00	280.00
10	8	2640	$640	$2,000	80.00	250.00	330.00	400.00
11	9	3200	$640	$2,560	71.11	284.44	355.56	560.00
12	10	3880	$640	$3,240	64.00	324.00	388.00	680.00
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