The only variable input a janitorial service firm uses to

Assignment Help Macroeconomics
Reference no: EM13329244

The only variable input a janitorial service firm uses to clean offices is workers who are paid a wage, w, of $8 per hour. Each worker can clean four offices in an hour. Determine the variable cost, average variable cost, and the marginal cost of cleaning one more office. (There is no fixed cost)

Reference no: EM13329244

Questions Cloud

Define mass of sodium acetate ph of original buffer solution : Mass of sodium acetate: 3.472 g pH of Original buffer solution: 4.72 ph of buffer + 6 M HCl: 3.99 ph Buffer + 6 M NaOH: 5.23 And I need help showing calculations on pH of buffer solution, buffer + HCl, and buffer + NaOH
How does this rationing method influence the incentives of : How does this rationing method influence the incentives of individuals to supply goods, services, and resources to others?
Evaluate depreciation expense on the machine : The cost of equipment purchased by Charleston, Inc., on June 1, 2010 is $89,000. It is estimated that the machine will have a $5,000 salvage value at the end of its service life - Compute depreciation expense on the machine for the year ending Dec..
Project integration : Project Integration
The only variable input a janitorial service firm uses to : The only variable input a janitorial service firm uses to clean offices is workers who are paid a wage, w, of $8 per hour. Each worker can clean four offices in an hour. Determine the variable cost, average variable cost, and the marginal cost of cle..
What is the firm marginal cost at 500 tacos : Taco Bell gives free tacos from 2 - 5pm. Suppose they make 500 tacos per hour and total costs are $1000. Assume the firm is operating at minimum costs.
What is the ph at the points in the titration : Calculate the pH at the points in the titration of 40.00 mL of 0.425 M NH3 for the reaction below. NH3(aq) + HNO3 ? NH4+(aq) + NO3?(aq) For NH3, Kb = 1.8x10-5. Enter your answer with 2 decimal places.
Arise in u.s. inflation causes many u.s. residents to buy : Arise in U.S. inflation causes many U.S. residents to buy gold, which is a major South African export good, as a hedge against inflation.
Can you name any industries where the government sets price : If the government steps in to regulate a market, setting a price floor above the free market equilibrium price, will demand increase or decrease compared to the free marker equilibrium? Can you name any industries where the government sets price floo..

Reviews

Write a Review

Macroeconomics Questions & Answers

  How about if you are a franchise dealer

A small-volume automaker limits the number of franchised dealers in the U.S. and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.

  What approach to economics does georges statement reflect

Economist George Stigler once wrote that, according to consumer theory, "if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises."

  Utilizing a separate supply and demand diagram

Utilizing a separate supply and demand diagram for each part, illustrate the effect of the price of the yen in terms of dollars of each of the following.

  Derive the marginal cost of production

Carlton Corporation, a manufacturer of electronic equipment, determine the following relation between its marginal cost of production output:

  What are the potential weaknesses of the model

The forecasting staff for the PrizerCorporation hasdeveloped amodel topredict sales ofits air-cushioned-ridesnowmobiles. Themodel specifiesthat salesSvary jointly withdisposable personalincomeYand thepopulation betweenages 15 and 40,Z.

  Determining the profit maximizing output

A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.

  Sinking fund for outstanding preferred stock issue

Acme make a decision to establish a sinking fund for its outstanding preferred stock issue. $975318642 represents the value of the issue that will be retired in 26 years

  Explain why do we have such extreme diversity

Explain why do we have such extreme diversity in pay in the US-port stars, actors, others making very high salaries while others make much less.

  What is new zombie rate of economic growth

Suppose that work hours in New Zombie are 300 in year 1 and productivity is $14 per hour worked. What is New Zombie's real GDP? _____$ If work hours increase to 320 in year 2 and productivity rises to $16 per hour, what is New Zombie's rate of econ..

  Computing profit maximizing output and optimal profit

Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.

  Suppose the following output and labor hours

Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.

  Give causes for the downward tailspin of the economy

The global economy in 2011 appears to be headed into a double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.

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