Micro Unit 3.2 CW: Apples & Cost Terms (Matching)

Posljednje ažuriranje 11 months ago

It is harvesting time at Gran Smith's apple orchard. The orchard operates in the short-run with a fixed stock of capital and land, while its variable resource is labor (apple pickers). Assume that the Smith Farm obtains labor and capital in a perfectly competitive labor market.
Please match the case scenarios to their cost and productivity terms!

Stavka koja se može prevući		Odgovarajuća stavka
TC		Pounds of apples harvested per day
MP		Pounds of apples harvested per day by a typical apple picker
AFC		Additional pounds of apples harvested per day if an additional apple picker were hired.
No Match		Total amount spent on land and tractors for apples harvested
Q		Total amount spent on labor in order to collect a given quantity of apples
TFC		Sum of total labor costs and total costs for capital
MC		Cost of apple carts per 1 pound of apples
ATC		Labor costs per pound of apples harvested
TVC		Costs of harvesting 1 pound of apples
AVC		Costs of harvesting an additional pound of apples
AP		Total pound of apples for the day times the number of laborers