Fully explain why the marginal cost function

Assignment Help Business Economics
Reference no: EM13854068

An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.

Reference no: EM13854068

Questions Cloud

What is the expected value of the potential offers : A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. What is the expected value of the p..
Statement reflect the appropriate decision-making criteria : A local restaurant initially estimated a large demand for dining in a space near a floor-to-ceiling fish tank. The cost of the tank is $8 million. (Assume that such a tank has no resale value.) The owner moved ahead with the project and the tank is t..
Net of all expenses except capital costs : AppsAlot is a small company that develops a variety of apps for smart phones. Management desires to raise $10 million in funds to initiate and continue various projects. With that funding, they project an earnings (net of all expenses except capital ..
Economic profit and compare to his accounting profit : Your buddy Gabe owns a sports restaurant/bar in St. Louis. On a recent visit, Gabe shared the following information on his annual revenue and costs: Assume that Gabe has a standing offer of $70,000 to manage another bar in St. Louis. Calculate Gabe’s..
Fully explain why the marginal cost function : An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.
Explain how the price-specie-flow mechanism operates : Explain how the price-specie-flow mechanism operates to maintain balanced trade between countries. What are the assumptions that are critical to the mechanism's successful operation?
Calculate the payout ratio and return on common stock equity : Calculate the payout ratio and return on common stock equity.
The ethics of mandated naptime : Sleep deprivation is a brutal truth of college life and negatively affects performance in the classroom of college students. Medical Journal A says that lack of sleep causes blah, blah, blah (citation). This epidemic has also plagued college campuse..
What would be the result of adding an ip address : What would be the result of adding an IP address in front of the port number in the Listen directive and Navigate to the ServerRoot directive and record the path that is contained in quotes to the right of the directive.

Reviews

Write a Review

Business Economics Questions & Answers

  What would be the incremental cost of carrying receivables

Van Doren Housing expects to have sales this year of $18 million under its current credit policy. The present terms are net 30; the days sales outstanding (DSO) is 48 days; and the bad debt loss percentage is 4 percent. What would be the incremental ..

  Inflation may fall without increase in unemployment

Inflation may fall without a significant increase in unemployment if

  Two deficits are related economically

Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.

  Qbriefly explicate what means by the market is a commons in

q.briefly explicate what means by the market is a commons. in your brief essay create sure you cover each of following

  Increasing the promotional budget for a product

Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances?

  Why would the government bypass the free market in times

Why would the government bypass the free market in times of war? Is government rationing a better idea than rationing by price? Give reasons. How does government rationing affect the allocation of resources? Explain.

  Important indicators the federal reserve system

Explicate 2 important indicators the Federal Reserve System will use to analyze this particular economic situation.

  Elucidate what will be the effect on the world price of wool

elucidate what will be the effect on the world price of wool. How does the marginal revenue to Australia from an extra unit of wool relate to the price of wool.

  Higher demand than supply

Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.

  Trying to sell your audio system

You are trying to sell your audio system (an amplifier and speakers) to raise money for an upcoming trip to overseas. The system works great, and audiophile friend tell you that if he were in the market for this kind of equipment (which he isn’t), he..

  Partially completed products-pieces of equipment firm uses

______The term used to refer to the raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is

  Compete in prices in homogeneous good market

Suppose three firms compete in prices in an homogeneous good market. Their costs are the same, mc = 10 (marginal cost). Find the equilibrium prices of this game. (Are there many equilibria? If so, notice what all of them have in common).

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