Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Economics - Average Cost, Total Cost and Profit Maximization
1. A company that manufactures T-shirts produces and sells its products in a perfectly competitive T-shirts market. The manager forecasts the wholesale price of T-shirts next year to be $7.00. The firm's estimated marginal cost isSMC=12-0.005Q+0.0000008Q^2
where Q is the number of T-shirts produced and sold each month. The Company will have a fixed cost of $2,000 per month.a. What is:(i). The total cost function for the company?
(ii). The average total cost function for the company?
(iii). The average variable cost function for the company?
b. At what output level does average variable cost reach its minimum value? What is the value (in dollars) of the average variable cost at its minimum point?
c. How many T-shirts should the company produced and sell each month?
d. What is its monthly profit (loss)?
Suppose each cake costs the same to make, what is the average cost to produce a cake. Compute Alyssa's labor productivity ration in dollars per hour for each type of cake.
Describe significant current trends related to IT in a business setting and your personal life. What are the pros and cons to the increasing use of technology to disseminate information.
Elucidate is the point price elasticity of demand for Fantasy pinball machines
Our currencies value vis a vis other currencies. Explain why did the US abandon the standard in the first place.
Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?
Write a letter to the editor of your local paper either supporting or criticizing the proposed $500,000 subsidy.
Illustrate what is the difference between a movement along and shift of the demand curve. Show the impact on the equilibrium price and quantity that results.
Adopting the main features of the neoclassical supply of labour, elucidate how these 2 factors may be related.
Illustrate what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past 12 months.
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
"Most of the firms spend considerable amounts of money on advertisement". Explain advertising elasticity of demand and its practical applications in this context.
At the same time dozens of low price producers started growing plants for sale. The net result was a decline in the average price of houseplants.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd