Calculate the mc function and fixed cost, Microeconomics

(i). A firm's costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6.

(ii). The following are estimates of TC and AC function for various firms. Calculate the MC function in each case and say whether, or under what conditions, the MC function is economically meaningful.

(a). AC = 20/Q + 3 + 0.5Q

(b). AC - 2 = 100/Q + 0.2Q2 = Q3

(c). TC - 100 - 2Q  + 2Q2 = Q3

(d). A.AC = a + bQ - cQ2 + gQ3

Where a, b and c are constants.

Given the MC when Q = 4 for (a), (b) and (c).

 

Posted Date: 4/5/2013 6:10:30 AM | Location : United States







Related Discussions:- Calculate the mc function and fixed cost, Assignment Help, Ask Question on Calculate the mc function and fixed cost, Get Answer, Expert's Help, Calculate the mc function and fixed cost Discussions

Write discussion on Calculate the mc function and fixed cost
Your posts are moderated
Related Questions

Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone

(a) Describe clearly how the interest rate is determined in: (i) Loanable Funds Framework; and (ii) Liquidity Preference Framework. (b) According to Liquidity preference

1. Describe why government regulation is required, citing the major reasons for government involvement in a market economy. 2. Justify the rationale for the intervention of gove


How do you calculate marginal revenue, and monopolistic profit?

The government decides to implement a new economic stimulus package targeted at American Farmers. The stimulus package gives every household a $300 prepaid credit card that may on

what is electronic configuration of fblock elements

if australian governmrnt imposed a sales tax on petrol by $0.25, then the price of petrol will rise by 0.25. consumers can not get by without petrol, so they have to pay the whole

What are the basic economic institutions? There are two fundamental economic institutions which have been so far used into the real world are as: a. Market economic institut