Micro Econ for Expert_Julia
k.eali
group_5_diamonds_1.xlsxSheet1
| Deliverable 1 and Deliverable 2 | |||||||||||
| Production of diamonds per month | Production of gold per month | Market Price of a diamond (in KD) | Quantity demanded per month (thousands) | Quantity supplied per month (thousands) | Quantity demanded per month (new) | Quantity supplied per month (new) | |||||
| A | 0 | 12000 | 2425 | 7 | 1 | ||||||
| B | 1000 | 10000 | 2450 | 6 | 2 | ||||||
| C | 2000 | 8000 | 2475 | 5 | 3 | ||||||
| D | 3000 | 6000 | 2500 | 4 | 4 | ||||||
| E | 4000 | 4000 | 2525 | 3 | 5 | ||||||
| F | 5000 | 2000 | 2550 | 2 | 6 | ||||||
| G | 6000 | 0 | 2575 | 1 | 7 | ||||||
| Final Deliverable (all values are in KD) | |||||||||||
| Quantity | Price | Total Revenue | Fixed Cost | Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost | Marginal Revenue | Marginal Cost | Profit |
| 0 | 10000 | 0 | 5000 | 0 | |||||||
| 10 | 9990 | 99900 | 75000 | ||||||||
| 20 | 9980 | 199600 | 140000 | ||||||||
| 30 | 9970 | 299100 | 220000 | ||||||||
| 40 | 9960 | 398400 | 310000 | ||||||||
| 50 | 9950 | 497500 | 409500 | ||||||||
| 60 | 9940 | 596400 | 510000 | ||||||||
| 70 | 9930 | 695100 | 620000 | ||||||||
| 80 | 9920 | 793600 | 740000 | ||||||||
| 90 | 9910 | 891900 | 870000 |
