Question: AN COURSE YEAR & GROUP: LLH SCORE 50 INSTRUCTIONS: Read Carefully This is a problem solving only exam. Show your solution at the back of

AN COURSE YEAR & GROUP: LLH SCORE 50 INSTRUCTIONS: Read Carefully

AN COURSE YEAR & GROUP: LLH SCORE 50 INSTRUCTIONS: Read Carefully This is a problem solving only exam. Show your solution at the back of the paper for Part A. While you can write directly the answers at the table for Parts B&C (No need to show solution). Submit to your respective LLH on March 17,2021. USE ONLY BLACK PEN. WRITE LEGIBLY. AVOID UNNECESSARY ERASURES. A. Solve for elasticity and determine if elastic, inelastic or unitary. (10 points) A B Point Price Quantity Demanded 10 150 20 30 135 40 125 From point D to point C. B. Complete the table below. (20 points) MP AP Labor Input 12 3 16 4 22 6 22 9 10 16 12 13 3 C. Complete the following table. (20 points) Total Cost Variable Cost Average Cost Average Fixed Cost Average Variable Cost Fixed Cost Quantity 40 5 1 40 8.5 2 11 40 3 13 40 15 40

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