How much output is being produced

Assignment Help Business Economics
Reference no: EM1360966

Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000

a. What is marginal cost?

b. What is average variable cost?

c. How much output is being produced?

d. What is the average total cost?

e. Is average variable cost increasing, constant, or decreasing?

 

Reference no: EM1360966

Questions Cloud

Relationship between inventory turnover and purchasing needs : Discuss and explain to me the relationship between inventory turnover and purchasing needs and determine the advantage and disadvantage of level production schedules in firms with cyclical sales?
With what velocity does the wrench strike the ground : With what velocity does the wrench strike the ground. What is magnitude and direction of the boat's acceleration? Enter a positive answer for a direction due west, or a negative answer for a direction due east.
Compensable factors : which one do you think more adequately reinforce the organization's culture, values, business direction, and nature of the work?
Social stress and social networks affecting health : How can I prove or disprove the idea that social stress and social networks affect an individual's health?
How much output is being produced : The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000. How much output is being produced
Draw comparisons with software architecture : Draw comparisons with software architecture. How are the disciplines of classical architecture and the software architecture similar? How do they differ?
Non-profit organizations - board recruitment : Non-Profit Organizations: Board Recruitment - Expalin challenges to board recruitment, and reasons why they would be challenges and how they can be addressed.
Explain review your diagram to estimate probabilities : Explain review your diagram to estimate probabilities and impacts of each threat to getting your degree and Based on this analysis
Relationship between inventory turnover and purchasing needs : Discuss and explain to me the relationship between inventory turnover and purchasing needs and determine the advantage and disadvantage of level production schedules in firms with cyclical sales?

Reviews

Write a Review

Business Economics Questions & Answers

  Determine about consumer demand

What can you determine about consumer demand for your product from this information.

  Lots of people want euros also euros are in short supply

If lots of people want Euros also Euros are in short supply also a few people want Japanese yen also yen are in plentiful supply the euro is likely to.

  Different opinions about the value of the dollar

Why do Caterpillar and your parents have different opinions about the value of the dollar.

  Which of the subsequent industries is most such asly

Which of the subsequent industries is most such asly to be monopolistically competitive. A normative economic statement such as "The minimum income should be abolished".

  Advertising expenditures for the year

Kramer Smith owns a dry-cleaning service also is thinking about changing his advertising expenditures for the year.

  How impact markets firms and you as a business person

Monopoly, monopolistic competition, pure competition, oligopoly. Give examples of these things also how do they impact markets, firms and you, as a consumer and/or as a business person.

  Calculate the percentage change in nominal gdp

Calculate the percentage change in nominal GDP, real GDP, and the GDP deáator in 2006 and 2007 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense.

  Unemployment insurance in the united states

Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.

  Elucidate why a system of marketable pollution permits leads

Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a highter concentration of polluted areas than a command-and-control system.

  Microsoft appears to have a monopoly

Microsoft appears to have a monopoly with over 90 %of the personal computer operating market. Why then would it not be charging a monopoly price

  Additional revenue circuit city makes as it moves

Compare the additional revenue Circuit City makes as it moves from 2 million to 4 million copies of Vista with the additional revenue it makes as it moves.

  What are the josephs demands for roses also tulips

Illustrate what are the Joseph's demands for roses also tulips as a function of prices also income.

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