What is the firms current output level
Course:- Macroeconomics
Reference No.:- EM13329218

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

At its current short-run level of production, a firm’s average variable costs equal $30 per unit, and its average fixed costs equal $50 per unit. Its total costs at its current production level equals $8000.

a. What is the firms current output level?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Explain the relationship between the wage rate and the marginal factor cost in a monopsony market. Is the wage rate equal to the marginal factor cost? Is so, explain why thi
What determines the exchange-rate value of the dollar relative to other currencies? What are the major factors that would cause the exchange-rate value of a currency to chan
A corporation bought a machine for $100,000 four years ago. It was being depreciated on a straight line basis over five years. The company decides to replace this machine toda
After two quarters of increasing levels of production, the CEO of Canadian Fabrication & Design was upset to learn that, during this time of expansion, productivity of the n
Briefly write and explain Friedman's methodology of "Positive Economics". Do you think the discrimination of economics as "normative" and "positive" is a logical move in bui
An emissions fee is paid to the government, whereas an injurer, who issued and held liable, pays damages directly to the party harmed by an externality. What differences in
What is the profit maximizing quantity and price for this monopolist? What do their profits equal? Use the Lerner Index to calculate the price elasticity of demand at the pro
Milk becomes more popular amd better feed increases milk production. how do these events influence demand and supply ? describe how the equilibrium price and equilibrium quani