Determine the fixed cost for the bakery

Assignment Help Microeconomics
Reference no: EM13489852

The following table shows the cost information for a local bakery:

Table 1

1821_Determine the fixed cost for the bakery.png

(a) Determine the fixed cost for the bakery.

(b) Complete the table above using EXCEL.

(c) In a graph, plot the marginal and average cost curves and describe the relationship between the curves.

Reference no: EM13489852

Questions Cloud

How far above its equilibrium position will it go : An infant's toy has a 140g wooden animal hanging from a spring. If pulled down gently, the animal oscillates up and down with a period of 0.50s. how far above its equilibrium position will it go
Estimate the angle between the two vectors : Vector A has components Ax =+4.0 units and Ay=+3.2 units, whereas vector B has components Bx=-2.5 units and By=+5.5 units
Discuss what the long run equilibrium would be : Determine the equilibrium market price and the equilibrium market output level and determine the individual's firm's level of profit. Profit = TR - TC
Obtain the magnitude of the normal force acting on block : A concrete block of msss 10kg is pulled 7.0m across a frictionless surface by means of a rope and the net work done on the block is 220J. obtain the magnitude of the normal force acting on the block
Determine the fixed cost for the bakery : Determine the fixed cost for the bakery, complete the table and plot the marginal and average cost curves and describe the relationship between the curves.
Determine the initial launch speed of the projectile : A projectile is shot at an angle of 60 degrees to the horizontal near the surface of the earth but in the absence of air resistance. The initial launch speed of the projectile is what
What sort of a market structure closely resembles : What sort of a market structure closely resembles the environment in which the firms in the airline industry in Australia operate in? Explain.
Determine the equilibrium market price : Determine the equilibrium market price and the equilibrium market output level and determine the individual's firm's level of profit. Profit = TR - TC
Deep tendon reflex of the gastrocsoleus complex : During performance of a deep tendon reflex of the gastrocsoleus complex, the motor information would most likely be conducted through which of the following nerves?

Reviews

Write a Review

Microeconomics Questions & Answers

  1 a tariff levied as a certain amount per unit imported is

1. a tariff levied as a certain amount per unit imported is known asa specific tariff.a counter tariff.a forgone

  Choose a good which you are familiar with write down the

1. select a good that you are familiar with. what are the factors that shift the demand curve for this good? what are

  The effect of a drought on the demand curve for umbrellas

How are the following demand curves likely to shift in response to the indicated changes?

  Where price would be before externality is considered and

pollution is considered baby most negative externality. some ecinomists would like to see the vista of these burdens

  The marginal cost curve intersects the average total cost

When price exceeds marginal cost, a profit-maximizing firm will decrease production.The marginal cost curve intersects the average total cost curve at the break-even point

  The arc price elasticity implied by the initial response

Calculate the arc price elasticity implied by the initial response to Z-Best's price increase and calculate the effective price reduction resulting from the coupon promotion.

  Consider the graph belownbsp it contains 2 separate demand

consider the graph below.nbsp it contains 2 separate demand curves d1 and d2 the marginal revenue curve associated with

  What will be the domestic price-consumption and production

Now suppose the government decides to subsidize the production of sugar (regardless of who it is sold to). The government wants to achieve the same increase in domestic production as in part d). What should be the amount of such production subsidy..

  Welfare issues

Are there any current subsidy or welfare issues that are being duscussed or addressed in parliament?

  Birthrate and market for babysitting services

The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.

  Chidnma is retiring this year beside social security he

chidnma is retiring this year. beside social security he will have a 500000 retirement fund to draw from. the

  Sam consumes green eggs and ham

Sam consumes green eggs and ham. Ham and green eggs are both normal goods.

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