What happened to Kaiser’s cost of producing aluminum when the price of electricity went up? Imagine there was another aluminum plant, Alcoa, that didn’t have the rights to buy electricity at a low price. After the price of electricity went up how did production costs for Alcoa compare to production costs for Kaiser?
Fill in the following table assuming computers are a fixed input that costs $30 per unit to rent and labor is a variable input that costs $12 per unit: Computers Labor Q APL MPL FC VC Cost MC AFC AVC AC 10 0 0 10 1 200 10 2 300 10 3 200 10 4 […]