assignment, Economics, Microeconomics

Ali Pizza’s production function is shown in the table above. Ali currently operates
Plant2. He hires workers at a wage rate of $50 a day and his total fixed cost is $150.
a) Calculate Ali Pizza’s total variable cost and total cost for each output level. (5 marks)
b) Calculate the marginal costs. (5 marks)
c) Calculate the average fixed costs, average variable costs, and average total costs.
(5 marks)
d) Suppose that total fixed cost increases to $200. Explain what changes occur in the costs.
Posted Date: 1/31/2012 11:38:38 PM | Location : United States







Related Discussions:- assignment, Economics, Assignment Help, Ask Question on assignment, Economics, Get Answer, Expert's Help, assignment, Economics Discussions

Write discussion on assignment, Economics
Your posts are moderated
Related Questions

Suppose there are two countries (home and foreign) and that two goods can be produced within those countries: machinery (M) and bread (B). Marginal product of labor (MPL) is given


dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics

i want to know that ,wheather lithium iodide can be used as redox electrolyte? and acetonitrile canbe used as redox electrolyte? ehich is more efficient?n..

Explain in detail the concept of PPC with suitable eg.


For the pizza seller whose marginal, average variable, and average total cost curves are shown in the following diagram, what is the profit-maximizing level of output and how much

What are the advantages of using mathematics in Modern Economics? Many of the advantages of using mathematics are as follows: a. The “language” used and the explanations of

The role of trade union to improve the lot of the workers is also important when there prevails the conditions of Monopsonisitc discrimination is said to prevail when the monopsoni