What is average cost in the producing output, Macroeconomics

Assignment Help:

What is average cost in the producing output?

Average total cost, frequently considered as to simply average cost, is sum of total cost divided through quantity of output generated.

ATC = TC/Q

Average fixed cost:

It is the fixed cost per unit of output as:

AFC = FC/Q

Average variable cost:

It is the variable cost per unit of output as:

AVC = VC/Q

Related Discussions:- What is average cost in the producing output

Relation between nominal and real interest rate, Q. Relation between nomina...

Q. Relation between nominal and real interest rate? Relation between nominal interest rate, real interest rate and inflation If we signify the nominal interest rate by R

Change in factor prices, Suppose that a firm has a budget of $30,000, that ...

Suppose that a firm has a budget of $30,000, that the wage rate is $10 per hour, and that the rental rate is about $100 per hour. I f the wage rate increases to $15 per hour and th

Saving, defination

defination

Keynesian fiscal policy, Assume the economy has a GDP of $11,500 billion. ...

Assume the economy has a GDP of $11,500 billion. The unemployment rate is at 7.3% and has been slowly rising for the last 6 months. Inflation was at 2.3% one year ago but has sin

Describe the short run effect of the supply shock, Question : The long-...

Question : The long-run position of an economy is described by the quantity theory of money: M/P = L (Y, r) Where M: nominal money stock; P: price level; Y: real income a

Change in nominal gdp, By given scenario answer the following questions. ...

By given scenario answer the following questions. 1. What phase of the business cycle is the economy? 2. If inflation increased by 5% during the same period, what was the cha

Find the nash equilibria, Two people are engaged in a joint project. If eac...

Two people are engaged in a joint project. If each person i puts in the effort x i , the outcome of the project is worth f ( x 1, x 2). Each person's effort level x i is a

Perfect competion, discuss the contention that the existance of a labour ma...

discuss the contention that the existance of a labour market in a perfect competion is a fallacy

Dumping and anti-dumping regulation, Based on the e-Activity, describe the ...

Based on the e-Activity, describe the dumping incident and how anti-dumping regulations could have been modified to prevent the incident you described.

Internatinal trade, how can a country maintain equilibrium GDP with foreign...

how can a country maintain equilibrium GDP with foreign trade?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages