Calculate the average cost minimizing activity output

Assignment Help Business Economics
Reference no: EM131238802

Presto Products, Inc., recently introduced an innovative new frozen dessert maker with the following cost relations: TC = $100,000 - $1,500Q + $0.1Q2 a. Calculate the total cost minimizing activity output (Q). b. Calculate the average cost minimizing activity output (Q). Need help with this on questions A and B plese show all work thanks !

Reference no: EM131238802

Questions Cloud

What is the deadweight loss : Suppose that the price ceiling of $6 is imposed on this market. If the highest willingness to pay consumers are allocated the cups, what is the deadweight loss?
Comparative advantage relate implementation of industrial : What are the benefits and challenges when implementing Industrial policy include how does comparative advantage relate the implementation of industrial policy?
Supply-and-demand model is always appropriate for analysis : The? supply-and-demand model always applies in goods? markets, but only sometimes applies in service markets. The? supply-and-demand model is always appropriate for analysis. The? supply-and-demand model is appropriate for analysis under certain cond..
Calculate the required annual deposit : A father decides to establish a savings account for his child’s college education on the day his baby is born. Any money put into the account will earn an interest rate of 8% compounded annually. calculate the required annual deposit.
Calculate the average cost minimizing activity output : Presto Products, Inc., recently introduced an innovative new frozen dessert maker with the following cost relations: TC = $100,000 - $1,500Q + $0.1Q2. Calculate the total cost minimizing activity output (Q). Calculate the average cost minimizing acti..
Maker of microelectromechanical systems : Sensotech, Inc., a maker of microelectromechanical systems, believes it can reduce product recalls by 10% if it purchases new software for detecting faulty parts. The cost of the new software is $325,000. Identify the engineering economic symbols inv..
About the liquidated damages : Liquidated Damages. B-Sharp Musical Productions, inc., contracted with James Haber to provide a sixteen-piece band at Harber's son bar mitzvah for $30,000. Is the provision for the payment of the entire price enforceable?
About economic os scale at the plant or unit level : This unit has talked largely about economic os scale at the plant or unit level. What do you see as the difference between the unit levels economies of scale and the firm multiple plants, movie theatres, restaurants, etc, Is there a clear distinction..
Third party beneficiary : Third Party Beneficiary. David and Sandra Dess contracted with Sirva relocation, LLC, to assist in selling their home. In their contracts, the Desses agreed to disclose all information about the property on which Sirva and other prospective buyers ma..

Reviews

Write a Review

Business Economics Questions & Answers

  Marketers continue to push the envelope

Marketers continue to push the envelope as they challenge society’s norms regarding what topics are appropriate to discuss in public. Advertisers are often blamed for promoting a materialistic society by making their products as desirable as possible..

  Explain the consumers equilibrium

Distinguish between skimming price and penetration price policy. Which of these policies is relevant in pricing a new product under different competitive conditions in the market?

  Qconsider a market with demand q 10 - p currently there is

q.consider a market with demand q 10 - p. currently there is an incumbent in the market with capacity k. there is a

  Determine the impact of the proposed govt policy on business

Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage interest payments. A Typical consumer's marginal tax rate is 25% and the elasticity of demand for new homes is -1.5..

  Implementation of new technologies

Explain the importance of sustainability in the selection and implementation of new technologies. Provide examples of sustainable technologies.

  Marginal cost curve of a typical firm

Widgets are provided by a competitive constant-cost industry where each firm has fixed costs of $30. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical firm:

  What is the marginal product of the third worker

What is the marginal product of the third worker? What is the marginal revenue product of the sixth worker? What is the marginal cost of the fourth worker?

  Monopolist successfully engages

If a monopolist successfully engages in 1st degree price discrimination

  What type of unemployment occurred when the hotel wasnt busy

Each year, extra cleaning staff were employed by a hotel on a temporary basis during the busy holiday period. They were not employed when the hotel was not busy. What type of unemployment occurred when the hotel was not busy?

  Consider the problem of picking a price for an economics

consider the problem of picking a price for an economics textbook. the marginal cost of production is constant at 20

  Illustrate what is the price elasticity at the average value

Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.

  Features of wal-mart chinas distribution system

How could vendors be encouraged to participate in Wal-Mart China’s sustainability initiatives? What are the distinguishing features of Wal-Mart China’s distribution system? How can Wal-Mart improve sustainability in its distribution and retail operat..

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!

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