Graph total cost average total cost and average variable

Reference no: EM131345803

In 1796, Gottfried Christoph Härtel, a German music publisher, calculated the cost of printing music using an engraved plate technology and used these estimated cost functions to make production decisions. Härtel figured that the fixed cost of printing a musical page-the cost of engraving the plates-was 900 pfennings. The marginal cost of each additional copy of the page is 5 pfennings (Scherer, 2001).

a. Graph the total cost, average total cost, average variable cost, and marginal cost functions.

b. Is there a cost advantage to having only one music publisher print a given composition? Why?

c. Härtel used his data to do the following type of analysis. Suppose he expects to sell exactly 300 copies of a composition at 15 pfennings per page of the composition. What is the greatest amount the publisher is willing to pay the composer per page of the composition?

Reference no: EM131345803

Questions Cloud

Change in thinking about racial issues : What was the change in his thinking about racial issues? Be careful with sources. The first couple of websites that usually pop up with Malcolm X are not well balanced sources or sources with a solid team of historians behind them. Use the ".edu" ..

Find the proportionality constant k : Find the proportionality constant K = vO=vS for the circuit in given Figure. Then select values for the resistors so that vO is -0.1 vS.

Which country should rollins college choose : In which country should Rollins College choose to set up its European campus - How would the decision change if the "degree to which the population can converse in English" was not an issue?

Create a hypothesis or set of hypotheses : Create a research question related to nursing (to be used for this discussion question only). Identify the independent and dependent variables. Next, create a hypothesis or set of hypotheses to go along with your research question. Identify your h..

Graph total cost average total cost and average variable : Härtel used his data to do the following type of analysis. Suppose he expects to sell exactly 300 copies of a composition at 15 pfennings per page of the composition. What is the greatest amount the publisher is willing to pay the composer per pag..

What assumptions are made about human nature : What assumptions are made about human nature in Land of the Dead. Compare these with ideas about human nature from three different religions

Disadvantages of globalization in contemporary world : Discuss advantages and disadvantages of globalization in contemporary world. Who has benefited and who has not? Has globalization brought the world together or driven it further apart?

Discuss the theory of clash of civilizations : Discuss the theory of "clash of civilizations." Do you agree or disagree with it and why? What prospects do you see for interaction among civilizations in the 21st century? Please substantiate your argument with reference to two examples.

Discuss the rise of religious political movements : Discuss the rise of religious political movements at the end of the 20th century with reference to at least two examples from different regions of the world. How do they relate to globalization? To what groups of people do they appeal?

User Account

All Pages