Customer Service Chat
Get quote & make Payment
Microeconomics, economics, Microeconomics
Suppose that a firm is currently employing 20 workers,(the only variable input), at a wage rate of $60. The average product of labor is $30, the last worker added 12 units to total output, and total fixed cost is $3,600.
1. How much output is being produced?
2. What is the marginal cost?
3. What is the average variable cost?
4. What is the average total cost?
5. Is the average variable cost increasing, constant, or decreasing? Explain.
6. Is average total cost increasing, constant, or decreasing? Explain.
Posted Date: 3/12/2012 11:14:09 PM | Location : United States
Ask an Expert
Microeconomics, economics, Assignment Help, Ask Question on Microeconomics, economics, Get Answer, Expert's Help, Microeconomics, economics Discussions
Write discussion on Microeconomics, economics
Your posts are moderated
Write your message here..
Exam, Why is it unusual for yields on longer term notes to be lower than yi...
Why is it unusual for yields on longer term notes to be lower than yields on shorter term notes? 2pts b) Why would any investor buy the 2 year note (instead of the 1 year) given it
Explain consumer sovereignty, Explain consumer sovereignty and why it might...
Explain consumer sovereignty and why it might not be that extensive in real life. Explanation of consumer sovereignty Use of S/D model to show how changes in consumption pat
Discounting principle, what is discounting principle?
what is discounting principle?
Employment and unemployment policy, EMPLOYMENT AND UNEMPLOYMENT POLICY: ...
EMPLOYMENT AND UNEMPLOYMENT POLICY: Engagement of a person in any economic activity is central to the concept of identifying a worker. A worker is one who participates in any
Role of managerial economist, Explain the role of managerial ecnomist in ki...
Explain the role of managerial ecnomist in kissan &dipsy fro ub group
What do you mean by externality, Q. What do you mean by Externality? An...
Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F
What is unit labour cost, Q. What is Unit Labour Cost? Unit Labour Cost...
Q. What is Unit Labour Cost? Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividi
Criteria for acceptability, The goal is to replicate a real life product de...
The goal is to replicate a real life product development and familiarize students with the invent process of a system, component, or process to meet desired wants within realistic
Determine the solution of the homogeneous system, The reduced row echelon f...
The reduced row echelon form of A= is equal to R = (a) What can you say about row 3 of A? Give an example of a possible third row for A. (b) Determine the values o
Willingness to pay, Suppose one were asked to recommend a price for the out...
Suppose one were asked to recommend a price for the output of a proposed downtown parking garage, so that the project would have as large a Net Present Value as possible. In this
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Terms & Conditions
Copyright by ExpertsMind IT Educational Pvt. Ltd.