User Account

All Pages

Are marginal costs rising constant or falling

Assignment Help Macroeconomics
Reference no: EM13339920

It costs our firm $1,600 to produce 6 widgets/day, $1,900 to produce 7 widgets/day, and $2,300 to produce 8 widgets/day.

(i) What is the marginal cost of the 8th widget?

(ii) Are marginal costs rising, constant, or falling? Explain in one sentence.

(iii) Given your answer to (ii), average cost is

Reference no: EM13339920

Questions Cloud

What is the maximum speed reached by the pendulum : A pendulum of length 1.5 m swings back and forth in a friction free laboratory environment. The pendulum is 1.4 m above the floor at the high point of its swing and 1.3 m above the floor at the low point.
If foreigon exchange speculators become more optimistic : If foreigorn exchange speculators become more optimistic about the long-run real value of the domestic currency, domestic investment will rise. (Give full explainations for this statement)
Write following java expressions in mathematical notation : Write the following Java expressions in mathematical notation.
Find the electric field at the ends of the radial distances : What is the total charge. Find the electric field at the ends of the following radial distances from the long axis of the cylinder at r=7.1cm and r=11cm
Are marginal costs rising constant or falling : It costs our firm $1,600 to produce 6 widgets/day, $1,900 to produce 7 widgets/day, and $2,300 to produce 8 widgets/day.
Write the definition of the function max : Add the function max to the class arrayListType to return the largest element of the list. Also, write the definition of the function max and aprogram to test this function.
How many signals could fit into 1 mhz of bandwidth : How many signals could fit into 1 MHz of bandwidth if each signal required 100 kHz of bandwidth and the separation between adjacent channels was 10 kHz
Write the definition of the function min : Add the function min to the class arrayListType to return the smallestelement of the list. Also, write the definition of the function min and a program to test this function.
What is the photons energy if e for the electron : Assume that the total energy E of an electron greatly exceeds its rest energy. If a photon has a wavelength equal to the de Broglie wavelength of the electron, what is the photon's energy

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain why risk-neutral people can make a profit off both

Explain why risk-neutral people can make a profit off both risk-averse and risk-seeking people. You must use original numerical examples and EV equations to demonstrate demonstrate your answer.

  Lucidate the three trade-offs within a specific good service

Microeconomics is considered to be the study of scarce resources. Elucidate the three trade-offs within a specific good/service within your local area.

  How the opportunity cost of wheat is affected by a increase

Corn is used in the production of ethanol, which is a substitute for gasoline that can be blended with gasoline to stretch oil supplies in producing refined gasoline. Much of the farmland in the America Midwest can be planted with either wheat or ..

  Limitation of national income accounting

Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.

  Why a lump-sum govt transfer can entice workers to stop work

Explain why a lump-sum government transfer can entice some workers to stop working (and entices no one to start working) while the Earned Income Tax Credit (EITC) can entice some people who otherwise would not work to start working.

  Why do we consider a business-cycle expansion different from

Why do we consider a business-cycle expansion different from long-run economic growth? why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?

  How much additional interest will you receive

Bank North advertises, “We pay 6.5%, compounded daily.” Bank South advertises, “We pay 6.5%, compounded continuously.” If you deposit $10,000 with Bank South for one year, how much additional interest will you receive?

  Determine same level of satisfaction

Debra listens only to either Frank Zappa or Weird Al Yankovic. She currently purchases 20 Zappa and 30 Yankovic downloads per week. She would forgo Yankovic downloads for one Zappa download at the rate of 2 to 1

  What it says regarding the current state of the economy

Illustrate what it says regarding the current state of the economy and the latest reading and trend.

  Impliment formula to earnings rather than operating income

Impliment the formula to earnings rather than operating income also use a required return for equity of 9 percent.

  How much can x spend on the ticket four years from now

You invest R2400 annually (at the end of each year) for successive years in a savings account at 15% p.a. (interest is compounded per year). At the end of the fifth year you withdraw R6181.72 and the balance is invested at 10% p.a. for 5 years. What ..

  Seems to be so fierce among the giant retailers

Competition seems to be so fierce among the giant retailers, after discounting and lower profit margins, how is profitability possible.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd