HW (Ch 13)The following scenario examines the relationship between marginal and average values. Suppose Nalah is a high school basketball player. Thefollowing table presents their game-by-game results for foul shots.Fill in the columns with Nalah's foul-shooting percentage for each game and their overall foul-shooting average after each game.Game Foul-Shooting Percentage Average Foul-Shooting Percentage80Game1CENTAGE2345-10090On the following graph, use the orange points (square symbol) to plot Nalah's foul-shooting percentage for each game individually, and use the greenpoints (triangle symbol) to plot Nalah's overall average foul-shooting percentage after each game.Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.8070Game Result604/52/51/41/24/4Total4/56/107/148/1612/2043.80Game Foul-Shooting PercentageAverage Foul-Shooting Percentage? J!!HW (Ch 13)FREE-THROW PERCENTAGE1009080706050401302010001P2GAME3RM5Game Foul-Shooting PercentageAverage Foul-Shooting PercentageYou can think of the result in any one game as being Nalah's marginal shooting percentage. Based on your previous answer, you can deduce that whenNalah's marginal shooting percentage is below the average, the average must beYou can now apply this analysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the averageAlso, when the marginal cost curve is above the average total cost curve, the averagetotal cost curve, the average total cost must beTherefore, the marginal cost curve intersects the average total cost curvetotal cost must beGrade It NowSave & ContinueContinue without saving

In economics, there is an interesting relationship between AC and MC. Suppose AC declines when…

The following scenario examines the relationship between marginal and average values. Suppose Nalah is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Nalah's foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 4/5 80 6/10 7/14 8/16 12/20 Game 1 2 3 4 5 4/5 2/5 1/4 1/2 14 4/4 80 On the following graph, use the orange points (square symbol) to plot Nalah's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Nalah's overall average foul-shooting percentage after each game. ortod Line segments will connect the points automatically.

The following scenario examines the relationship between marginal and average values. Suppose Nalah is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Nalah's foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 4/5 80 6/10 7/14 8/16 12/20 Game 1 2 3 4 5 4/5 2/5 1/4 1/2 14 4/4 80 On the following graph, use the orange points (square symbol) to plot Nalah's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Nalah's overall average foul-shooting percentage after each game. ortod Line segments will connect the points automatically.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 14RQ: What is an externality?

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3. The relationship between marginal and average costs The following scenario examines the relationship between marginal and average values. Suppose Nalah is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Nalah’s foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 1 8/10 8/10 80 80 2 4/10 12/20 3 2/8 14/28 4 2/4 16/32 5 6/8 22/40 On the following graph, use the orange points (square symbol) to plot Nalah’s foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Nalah’s overall average foul-shooting percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.…
3. The relationship between marginal and average costs The following scenario examines the relationship between marginal and average values. Suppose Piper is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Piper's foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 1 8/10 80 2 14/20 15/25 18/30 26/40 3 4 5 FREE-THROW PERCENTAGE On the following graph, use the orange points (square symbol) to plot Piper's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Piper's overall average foul-shooting percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 80 70 60 50 40 30 20 10 0 8/10 6/10 1/5 3/5 8/10 0 2 80 GAME Game…
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