Calculate the firms short-run total cost curve, Managerial Economics

A firm producing hockey sticks has a production function given by

X = 2 KL

In the short-run, the firm's amount of capital equipment is fixed at K = 1000. The rental rate for capital (PK) is PK = v = Re 1.00; and the wage rate for L is PL = w = Rs 4.00.

a) Calculate the firm's short-run total cost curve. Calculate the short-run average cost curve.

b) What is the firms short-run marginal cost function? What are the STC, SATC & SMC for the firm if it produces25 hockey sticks?

 

Posted Date: 4/1/2013 6:15:47 AM | Location : United States







Related Discussions:- Calculate the firms short-run total cost curve, Assignment Help, Ask Question on Calculate the firms short-run total cost curve, Get Answer, Expert's Help, Calculate the firms short-run total cost curve Discussions

Write discussion on Calculate the firms short-run total cost curve
Your posts are moderated
Related Questions
Another vital relationship that is often referred to in economic analysis is the relationship between consumption expenditure andprice elasticity. From the law of demand, we know t

Determine the concept of Law of demand We have considered numerous factors which fashion the demand for a commodity. As explained the first and most important factor which determ

Explain the concept of externality in economics? Give one example of a positive and a  negative externality in Australia.

Define Aunifying and omniscient theme Aunifying and omniscient theme found in managerial economics is the attempt to achieve optimal results from business decisions whereas tak

Please read the case study given below and answer questions given. Case Study Electron Control, Inc., sells voltage regulators to other manufacturers, who then cu

State the difficulties in the measurement of profit.

Planned Economy Is a system where all major economic decisions are made by a government ministry or planning organisation. Here all questions about the allocation of resources

example problems for the types of pricing

Goals of the firm How much is produced by a firm depends on its objectives.  A firm which aims to maximise its sales revenue, for example, will generally supply a greater quant

Consider a model world which is subject to a risk of global climate change. The damage is known to be from greenhouse gas (GHG) emissions as indicated by the marginal damage curve