What are its total variable costs at this output level

Assignment Help Microeconomics
Reference no: EM13697543

At its current short-run level of production, a firm's average variable cost equal $15 per unit, and its average fixed costs qual $30 per unit. its total cost at this production level equal $900.

What is the firm's current output level?____units.

What are its total variable costs at this output level? $_____

What are its total fixed costs? $_____

Reference no: EM13697543

Questions Cloud

Method for unions to seek higher wages : Which of the following is NOT a method for unions to seek higher wages?
What mode of transport do you recommend for products : Safety inventory of coal and MRO materials is kept at twice the consumption during the lead time of supply - What mode of transport do you recommend for each of the two products
Explanation of the capture theory : Which of the following is an explanation of the capture theory?
Explain the price elasticity of supply : Explain the price elasticity of supply for the following cases:?
What are its total variable costs at this output level : At its current short-run level of production, a firm's average variable cost equal $15 per unit, and its average fixed costs qual $30 per unit. its total cost at this production level equal $900. What are its total variable costs at this output level..
Between log-linear model and log-log model : How do you choose between log-linear model and log-log model? How about linear log-linear? And how about linear-log and log-log? Why? How do you interpret coefficients of a A) log-Linear B) log-log c) linear-log model?
Explanation of a feedback effect : Which of the following is an explanation of a feedback effect?
Prices of tickets for seats on commercial passenger planes : Prices of tickets for seats on commercial passenger planes are typically in the hundreds of dollars, whereas trips can be made by automobile at much lower cost. Accident rates per person per trip in the airline industry are considerably lower than au..
Analyse the situation as a health information manager : Analyse the situation as a health information manager in the Singapore context and construct a second mind map using XMind 2013 detailing five components of your proposed plan of action to respond to Tony's defence lawyer.

Reviews

Write a Review

Microeconomics Questions & Answers

  Evaluate time warner inc working capital position.

1. Evaluate Time Warner Inc's working capital position.

  Determine how is equilibrium achieved in the economy

Using the Keynesian cross model, draw a graph to illustrate and explain what will happen in an economy when planned aggregate expenditures are greater than real GDP (i.e., A.E. > Y). How is equilibrium achieved in this economy

  What price must the firm charge in the short run

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are C (Q) = 60 + 14Q + 2Q2. What are the firm’s short-run profits? What price must the firm charge in the short run?

  Determine the firm price-output and profits

You are the manager of a monopolistically competitive firm. Your demand function is: p=25-Q, and your cost function is : TC=5Q. Respectively MR=25-2Q and MC=5. Determine the firm price, output and profits. Explain. What will happen in the market in t..

  Do the public goods conform to law of demand for which

a study published in 1980 b. b. gibson estimated the following price and income elasticities of demand for six types

  Determining change in equilibrium output

Assume the economy starts at equilibrium and the mpc=.8. What would be the effect of the $500 increase in taxes (once all the rounds of the mulyiplier process are complete) in relation to equilibrium output?

  What does utility function say about her mrs of coke

Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change if the price of Coke decreases to 50 cents?

  What is the rule of profit maximization in economics

State the Law of Supply. Why do the supply curve slopes upward? State the Law of Demand. Why do the demand curve slopes downward? Explain why normal profit is an implicit cost (i.e., subtracted from accounting profits) in our definitionof economic tr..

  Two types of consumers

Presume as a manager of a profitable department store you are confronted with a pricing problem. You have two types of consumers: a high-end type that are willing to pay a price of $20 for a pair of Levis Jeans, and a low-end type consumer that are w..

  What kind of demand does walmart''s products have

hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?

  Quantity combinations favored by each of the three partners

Larry, Curly, Moe run the only saloon in town. Larry wants to sell as many drinks as possible. Moe wants to make the largest possible profits. Using a single diagram of the saloon's demand curve and its cost curves, show the price and.

  Risks associated with using local distributors

Why does Vellus export through local distributors rather than set up its own sales force in country? What are the risks associated with using local distributors? How can these risks be reduced?

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