ECON 2GG3 Lecture 14: Lecture 14
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The college of business was interested in comparing the attendance for my two classes. The data follow.
Day | 11 am Class | 1230 pm class |
Monday | 20 | 30 |
Wednesday | 32 | 38 |
What is the MST?
What is the MSE
What is the MSB
What is the calculated F Distribution for the blocks
What is the calculated F distribution for the treatments?
The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in this area is $10. Total cost includes all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table.
Total Hourly Output and Sales of Pizzas |
Total Hourly Cost ($) |
Total Revenue ($) |
Total Economic Profit ($) |
Marginal Cost ($) |
Marginal Revenue ($) |
0 |
6 |
0 |
0 |
- |
- |
1 |
10 |
10 |
0 |
||
2 |
12 |
20 |
8 |
||
3 |
13 |
30 |
17 |
||
4 |
15 |
40 |
25 |
||
5 |
19 |
50 |
31 |
||
6 |
25 |
60 |
35 |
||
7 |
33 |
70 |
37 |
||
8 |
43 |
80 |
37 |
||
9 |
55 |
90 |
35 |
||
10 |
71 |
100 |
29 |
How I calculate this?