User Account

All Pages

What is the firm marginal cost function

Assignment Help Macroeconomics
Reference no: EM131043275

A firm operating in a purely competitive market has total cost function given by c(y)=y^2 +10 for y>0 and c(0)=0.

(i) What is the firm's marginal cost function?

(ii) What is the firm's average cost function?

(iii) At what quantity is the firm's marginal cost equal to its average cost?

(iv) In the long run, what is the lowest price at which the firm will supply a positive quantity?

Reference no: EM131043275

Questions Cloud

Determine whether triangular arbitrage : Based on the information in question 1 for the beginning of the year, use the international Fisher effect (IFE) theory to forecast the annual percentage change in the British pound's value over the year.
Basic concepts of describing project risk : What are the methods or basic concepts of describing project risk? Explain the definitions and brief ideas of each method (The answer should be between 150-200 words).
Explain scale and impact of financial crisis in economies : FIN200 Assignment, T1 2016. Explain the scale and impact of financial crisis in economies of different countries including your own country, identify some of proposed reforms
Explain how unemployment impacts each of the laborers group : Explain how unemployment impacts each of the following groups: laborers, businesses and government. Based on the article "Rethinking Lays-offs," why is it not always in best interest of companies to cut jobs to save money?
What is the firm marginal cost function : A firm operating in a purely competitive market has total cost function given by c(y)=y^2 +10 for y>0 and c(0)=0. (i) What is the firm's marginal cost function? (ii) What is the firm's average cost function?
Employee of the foreign exchange department : Using the information in question 1, determine whether covered interest arbitrage is feasible and, if so, how it should be conducted to make a profit.
Develop a gene therapy for parkinson disease : In 2011 A and B, two academic research scientists, formed a company, AB Ltd., to carry out research and development in areas of genetic engineering. In 2013, it launched a major, and widely publicised, research programme to develop a gene therapy f..
Foreign exchange department for a large company : As an employee of the foreign exchange department for a large company, you havebeen given the following information:
Percentage of households on the vertical axis : On a scale diagram, with the percentage of households on the vertical axis and the percentage of aggregate income on the horizontal axis, plot the Lorenz curve for fantasyland?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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