Plot better beds average fixed cost for quantities

Assignment Help Business Economics
Reference no: EM13889072

When Better Beds produces 40 beds per day, its average variable cost is $600, its average total cost is $800, and its marginal cost is $700. 9.1. Based on this information, use the red points (cross symbol) to plot Better Beds' average fixed cost (AFC) for quantities of 20 and 40 beds per day.

Reference no: EM13889072

Questions Cloud

What is optimal consumption bundle : Jimmy’s preferences can be represented by the following utility function U = 2x + y. WealsohavePx =3,Py =3andW=100. What is Jimmy’s optimal consumption bundle? Calculate Jimmy’s income elasticity of demand for good x.
Why is not exclusive use of method three cost effective : Suppose you need to remove 70 exotic fish from a lake into which they were unintentionally introduced. You have three possible removal methods, methods 1,2 and 3. How much of each method should you use to achieve the removal cost effectively. Why isn..
Using different lighting in a studio to create an effect : Considering that photography is a medium that can convey a million emotions in one single image, is it ethical for a photographer to draw more emotional response by digitally altering an image? Is this any different than using different lighting i..
Line segments to plot long-run average total cost curve : Naomi's clothing company produces hooded sweaters. Her fixed cost is the cost of her knitting machines, and her variable cost comes from maintenance for the machines and her workers. Use the purple line segments (diamond symbol) to plot the long-run ..
Plot better beds average fixed cost for quantities : When Better Beds produces 40 beds per day, its average variable cost is $600, its average total cost is $800, and its marginal cost is $700. 9.1. Based on this information, use the red points (cross symbol) to plot Better Beds' average fixed cost (AF..
Grand canyon university economics problem : A manager of a monopoly firm notices that the firm is producing output at a rate which average total cost is falling but it is not at its minimum feasible point. The manager argues that surely the firm must not be maximizing its economic profits. Is ..
Explain the downward slope of aggregate demand curve : Which of the following explain the downward slope of the aggregate demand curve the effect of changing interest rates on the quantity demanded of interest rate since of goods or the presence of an used production capacity and unemployment or the avai..
Concept of limited liability says stockholder of corporation : The concept of limited liability says a stockholder of a corporation: Professor Jeremy Siegel, of the University of Pennsylvania, did research showing: On the settlement date of a futures contract: Two characteristics that make owning stock attractiv..
Crude oil is a key input in producing gasoline : Hurricane Katrina damaged a large number of oil refineries in the Gulf Coast, causing a large increase in crude oil prices (crude oil is a key input in producing gasoline). After the hurricane came, all consumers expected that the gasoline price woul..

Reviews

Write a Review

Business Economics Questions & Answers

  Government purchases and net exports change

For each of the following transactions, how much does US GDP increase? And how much, if at all, do consumption, investment, government purchases and net exports change?

  Case the glut of savings

Assume that domestic US savings equals domestic US investment, why would you think that in this case the “glut of savings” from China could be destabilizing in the US?

  Plan to make third first deposit

Grandparents decided to start a college fund for their soon to be born granddaughter. They plan to make third first deposit the day she is born and plan to make the last deposit on her 10th birthday. They want the child to be able to withdraw 10,000 ..

  In a market economy

In a market economy,

  Illustrate what are the advantages and disadvantages

Illustrate what are the advantages and disadvantages of having monetary policy in the hands of the Federal Reserve System rather than in the legislative or executive branches.

  Representative households choose consumption

Consider an intertemporal model in which representative households choose consumption, c(subscript t+1) and two types of bonds b(subscript 1,t+1) and b(subscript 2,t+1) to maximize their utility over time, prices are perfectly flexible, and all marke..

  What would volume of output would the two alternative yield

what would volume of output would the two alternative yield the same profit 3-if expected annual demand is 12000 units which alternative would tield the higher profit.

  Q1 suppose that all the necessary conditions exist for the

q1. suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor

  Find out the expected number of points resulting

Find out the expected number of points resulting from the one on one. Compare this with the expected number of points from a two shot foul, where the second shot i always given.

  Supply and demand for product-elasticity of certain product

You will submit a 2 page paper based on an article about an economic topic. The paper should be a summary of the article and then analysis of the economic principles discussed (Supply & Demand for a product, Elasticity of a certain product, or analys..

  What would be effect of sequestration in neoclassica model

What would be the effect of sequestration in the neoclassical model? Show graphically and explain. Assume the economy starts at full employment.

  Homeland security

Explain the process of doing a research paper; and how will the research be conducted for a ten page paper on homeland security

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