1

Name of the Company:

Product::

Objectives (3):
1.
2.
3.

Signature Signature Score

Names of Members
(alphabetical order)
(family name, given name, middle initial):
1st Production 2nd Production
Experiment Experiment (Paper Individual Group Total
Work)
Date: Date:
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List of Inputs:

Fixed Inputs:

Variable Inputs:
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Experiment Level Number of Output Number of Laborers Average Product Marginal Product

1 st 1

2 nd 2

3 rd 3

4 th 6

5 th 7

6 th 8

7th 10

8 th 12

9th 13
 4

Production Table
 5

Variable Inputs per unit Fixed Inputs per unit

Number of Laborers
Number of Output
Experiment Level

1st

2nd

3rd

4th

5th

6th

7th
8th

9th
 1st

9th
8th
7th
6th
5th
4th
3rd
2nd
Experiment Level

Number of Output

Number of Laborers

Average Product

Marginal Product

Vc 1 _________

Vc 2 _________
Variable Cost

Fc 1 __________

Fc 2 __________
Cost Production Table

Fixed Cost

Total Variable Cost

Average Variable Cost

Total Fixed Cost

Average Fixed Cost

Total Cost

Average Cost

Marginal Cost
6
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Cost Production Table

Number Number Total Average Total Average

Experiment Of of Average Marginal Variable Variable Fixed Fixed Total Marginal Average Total Marginal Average Profit/ Market
Level Output Laborers Product Product Cost Cost Cost Cost Cost Cost Cost Price Revenue Revenue Revenue Loses Condition

1st

2nd

3rd
4th
5th
6th
7th

8th
9th
 8

1. Identify the stages of production using graphical presentation.

Label your graph completely
 9

1. Find the AP Function and MP Function.

2. Find the Minimum and Maximum Output.