User Account

All Pages

Level of output do diminishing returns set

Assignment Help Macroeconomics
Reference no: EM131284545

Ahmad has a total cost function for his furniture factory as follows: TC = 100 + 8Q - 0.12Q2 + 0.004Q3

a. Show that the ATC, AVC, MC, and AFC equations

b. At what level of output do diminishing returns set in?

c. At what level is AVC minimum? d. At what output level are MC and AVC equal?

e. Why does AVC reach a minimum before ATC reaches a minimum?

f. At the point where the ATC is at minimum, the marginal product of labour is 12 and the marginal product of capital is 18. If the price of labour per hour is RM8, what is the price of capital per hour?

Reference no: EM131284545

Questions Cloud

In what ways do you identify with this characteristic : In a work environment, in what ways have you seen this characteristic contribute to your performance and business relationships? Next, switch roles, so you can share information about one aspect of your own background.
Production possibilities curve : Please enter your responses below each question. Answer following five (5) questions, using two to three well-constructed paragraphs per concept. 1. Why is a point below the production possibilities curve less efficient than a point on that curve?
What kind of helpful advice can you give to each party : Respond to domestic intercultural issues. As a manager, how would you respond to each of the following situations? What kind of helpful advice can you give to each party?
Humongous bank of america : Suppose that one giant bank, the Humongous Bank of America, held all the checking deposits of all the people, subject to a 10 percent legal reserve requirement.
Level of output do diminishing returns set : Ahmad has a total cost function for his furniture factory as follows: TC = 100 + 8Q - 0.12Q2 + 0.004Q3 a. Show that the ATC, AVC, MC, and AFC equations
Examine how and why migration is increasing globally : Examine how and why migration is increasing globally. Address the increasing immigration situation in the U.S. .State and explain your perspective on whether the U.S. is inclusive or exclusive to migrants.
Prepare a research paper that addresses cultures represented : Prepare research paper that addresses cultures represented by person above. The paper should be approximately five-six pages of text. Make sure you check your previous papers and do not make the same errors in this paper.
Determining the optimal producer surplus : A competitive firm has a cost function C=2q3-12q2+20q+100. The shutdown point (q,P) is? The optimal output price of 92 is? At price 92, the optimal profit is? At price 92, the optimal producer surplus is? The firm's supply curve is given by?
Complete an audience analysis of housekeeping staff : Working in groups of four or five, imagine that you are creating a new website for a local business. First, choose a business that all of you know well. Next, complete the fi rst two steps for team writing: identify project requirements and create..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Short run and long-run production decisions

Distinguish between short- run and long-run production decisions and illustrate their impact on costs and economies of scale.

  Examine twenty five essentialentrepreneur resources

Examine "25 EssentialEntrepreneur Resources," located athttp://www.entrepreneur.com/article/219967, and "TheEntrepreneursHandbook: 52 Essential Resources forStartups,.

  Problem regarding the free riders

What is the best way to deal with "Free Riders?" Comment on at least 2 areas where Freedom Riders are a problem.

  The answer to each question should be a short to long

the answer to each question should be a short to long paragraph.1 what are the advantages and disadvantages of using an

  Why does the government use the tools of fiscal policy

Why does the Government use these tools of fiscal policy? What are the hoped for results? Do you agree the Government should be involved? Why or why not?

  Current macroeconomic situation

Write your individual answers to the questions listed above together in essay format (minumum of 300 words combined in APA style), using correct economic terms covered in the discussions. If you only write 300 words, you probably won''t be able to fu..

  Monopolist and a discriminating monopolist

What is the difference between a monopolist and a discriminating monopolist, and which one is pareto efficient?

  Describe the major factors that affect the degree

Describe the major factors that affect the degree of competitiveness in the semiconductor industry.

  Determine the effect on the employment-unemployment

determine the effect on either the aggregate demand curve (is it a rightward or a leftward shift), the aggregate short-term supply curve, and the long-term aggregate supply curve (does the upward sloping portions of the SAS curve shift left or rig..

  The cost of a seasonal pass to six flags great adventure

The cost of a seasonal pass to six flags great adventure is not much more than a weekly pass.

  What are your predictions for the us economy

What are your predictions for the US economy over the next two years? Use the macroeconomic models you have learned to present a reasoned answer. Explain your assumptions clearly.

  Write an essay evaluating the role of governments in

write an essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd