What are the variable costs of producing too units

Assignment Help Macroeconomics
Reference no: EM131270501

Suppose fixed costs are $500, and the total costs of producing 100 units is $4000.

a. What are the variable costs of producing too units.

b. Write out the total cost equation assuming variable costs are linear.

c. What is the marginal cost of the 50th unit of output?

d. What is the average total cost of the 50th unit of output?

e. What is the average variable cost of the 50th unit of output?

Reference no: EM131270501

Questions Cloud

What is the reason for this difference : The perfectly competitive firm exhibits resource allocative efficiency (P=MC), but the single-price monopolist does not. What is the reason for this difference?
What are the treatments for reducing high cholesterol : Do the benefits of lowering cholesterol outweigh the risks of taking medication? What options exist for a person to try and reduce his/her cholesterol without taking medication? How would you alleviate any fears Mr. Brown may have regarding his condi..
Write a program that reads the files contents into a list : Write a program that reads the file's contents into a list. The program should display the following data: The average annual change in population during the time period.
Advance or impede theories or models : How do the results of research studies advance or impede theories or models?- How do you expect that the results of your dissertation study may advance knowledge of this theory or model? Explain.
What are the variable costs of producing too units : a. What are the variable costs of producing too units. b. Write out the total cost equation assuming variable costs are linear. c. What is the marginal cost of the 50th unit of output? d. What is the average total cost of the 50th unit of output?
Competitive firm output of a tax : Compare the effect upon a competitive firm's output of a tax of $1 per unit upon output versus a license fee of $200 payable each year regardless of output. Please Clarify.
Journal entries for the cash transactions : Costs that do not change with level of activity and Fixed up to a certain level of activity, rise and stays fixed again until another level - Journal entries for the Cash transactions
Create an implementation plan that walks through the process : Create an implementation plan that walks through the process step-by-step and provides a schedule for each milestone in the project plan.
Experienced consumer surplus : Share 1 experiences where you experienced consumer surplus. (you paid less than you otherwise would have been willing to pay). Also share your thoughts on why the surplus happened, in other words why did you think you would pay more than you did.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What rate do you believe to be more appropriate

The State of Glottamora has $100 million remaining in the budget for the current year. One alternative is to give Glottamora a one-time tax rebate. Alternatively, two proposals have been made for state expenditures of these funds.

  What the factors exerting influence on price elasticities

Elasticity shows the responsiveness of supply or demand to changes in price. What are the factors exerting influence on price elasticities of supply and demand

  Explain the economic plan of canada to return budget balance

The problem is relates to Economics and problem is a critical examination of the Canadian economy. Canadian economy has been facing budgetary imbalances for quite some time.

  Macroeconomic based multiple choice questions

Assume that the working age population in Tiny Town is one hundred people. If 25 of these people are not in the labor force,

  When preset prices happen to exceed the equilibrium prices

If preset prices turn out to be below the equilibrium prices, shortages occur and scalping in legal or illegal secondary markets arises. The prices in the secondary market then rise above the preset prices.

  What to do with the numbers from the regression analysis

Estimating the demand for money and plotting a demand curve for that estimation based on the equation: M1=a+b1(interest)+b2(time). Where a is the intercept value for the demand curve

  Compute the value of the price index for gdp

Compute the value of the price index for GDP for 2006 using 2005 as base year. By what percent did prices rise?

  Context of organizational marketers

Consider barriers to injury in the context of organizational marketers who want to create a sustainable competitive advantage. How can marketers develop barriers to entry for commoditized products or services?

  Relationship between japan and korea unemployment

Discuss and explain the relationship between Japan and Korea's unemployment? What Trends do you see in the information set?

  Internal and external interactions of the organization

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization.

  1 staple all pages of your homework together2 type your

1. staple all pages of your homework together.2. type your homework.3. if you want the final exam grade to replace

  What does it mean for a good to be elastic

What does it mean for a good to be elastic? How can you tell which goods are elastic?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd