Calculate the marginal product and the marginal cost

Reference no: EM133396115

Question

Cecilia pays each of her workers $80 per day. The cost of her other variable inputs are $0.50 per cup of yogurt. Her fixed costs (FC) are $100 per day.

a. Calculate the marginal product and the marginal cost

b. Calculate variable and total costs for every level of production. Use the Excel template provided. Ensure formulas are used.

c. Calculate the marginal cost per cup for all the levels of production. Use the Excel template provided. Ensure formulas are used.

d. Using the graph functions on Excel, plot the following curves on the same diagram:

Variable cost curve
Total cost curve

e. Using the graph functions on Excel, plot the following curves on separate diagrams:

Marginal product curve (from Part 1 above)
2. Marginal Cost per cup curve

Reference no: EM133396115

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