Question: How do you calculate MP when you are only given Q & TVC? Question 2: You have collected the following data on output and TVC

How do you calculate MP when you are only given Q

How do you calculate MP when you are only given Q & TVC?

Question 2: You have collected the following data on output and TVC (see attached jpg).

Q TVC

10 24,450

20 39,600

30 48,150

40 52,800

50 56,250

60 61,200

70 70,350

80 86,400

90 112,050

100 150,000

a. Identify the range of output exhibiting increasing returns (increasing MP), and the range exhibiting diminishing returns (decreasing MP).

& TVC? Question 2: You have collected the following data on output

a. Identify the range of output exhibiting increasing returns (increasing MP), and the range exhibiting diminishing returns ( decreasing MP). Q TVC ($) 10 24,450 20 39.600 30 48,150 40 52.800 50 56.250 50 61.200 70 70,350 36.400 90 112,050 150,000

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