What are the variable costs of producing too units

Assignment Help Macroeconomics
Reference no: EM131270501

Suppose fixed costs are $500, and the total costs of producing 100 units is $4000.

a. What are the variable costs of producing too units.

b. Write out the total cost equation assuming variable costs are linear.

c. What is the marginal cost of the 50th unit of output?

d. What is the average total cost of the 50th unit of output?

e. What is the average variable cost of the 50th unit of output?

Reference no: EM131270501

Questions Cloud

What is the reason for this difference : The perfectly competitive firm exhibits resource allocative efficiency (P=MC), but the single-price monopolist does not. What is the reason for this difference?
What are the treatments for reducing high cholesterol : Do the benefits of lowering cholesterol outweigh the risks of taking medication? What options exist for a person to try and reduce his/her cholesterol without taking medication? How would you alleviate any fears Mr. Brown may have regarding his condi..
Write a program that reads the files contents into a list : Write a program that reads the file's contents into a list. The program should display the following data: The average annual change in population during the time period.
Advance or impede theories or models : How do the results of research studies advance or impede theories or models?- How do you expect that the results of your dissertation study may advance knowledge of this theory or model? Explain.
What are the variable costs of producing too units : a. What are the variable costs of producing too units. b. Write out the total cost equation assuming variable costs are linear. c. What is the marginal cost of the 50th unit of output? d. What is the average total cost of the 50th unit of output?
Competitive firm output of a tax : Compare the effect upon a competitive firm's output of a tax of $1 per unit upon output versus a license fee of $200 payable each year regardless of output. Please Clarify.
Journal entries for the cash transactions : Costs that do not change with level of activity and Fixed up to a certain level of activity, rise and stays fixed again until another level - Journal entries for the Cash transactions
Create an implementation plan that walks through the process : Create an implementation plan that walks through the process step-by-step and provides a schedule for each milestone in the project plan.
Experienced consumer surplus : Share 1 experiences where you experienced consumer surplus. (you paid less than you otherwise would have been willing to pay). Also share your thoughts on why the surplus happened, in other words why did you think you would pay more than you did.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate the consumer surplus

The Inverse demand function is P=10-2D, if a consumer's demand is 2. Calculate the consumer surplus.

  What is the level of output in this country

where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with L = 100, K = 100, and N = 100.

  Managerial economics-a problem solving approach

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interact..

  Creating and introducing a particular new product

What do we call a new firm focused on creating and introducing a particular new product or employing a specific new production or distribution method?

  Calculate long run equilibrium

Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.

  Affects of investment of ldc

Affects of investment of ldc:-Pick one country that has done well with investment(All good point)-Pick one country that has failed with private investment.

  Define monotonic preferences

Define monotonic preferences. - Form the Lagrange function associated with this utilitymaximization problem, find the first-order condition.

  Why would anyone in zimbabwe be willing to accept u.s.

After suffering two years of staggering hyperinflation, the African nation of Zimbabwe officially abandoned its currency, the Zimbabwean dollar, in April 2009 and made the U.S. dollar its official currency. Why would anyone in Zimbabwe be willing to ..

  Heckscher-ohlin theorem

According to the Heckscher-Ohlin theorem, trade arises are due to

  The effective monthly interest rate

Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: The effective monthly interest rate

  Ad-as model to predict short-run changes to real gdp

Use the AD-AS model to predict short-run changes to real GDP and the aggregate price level if the stock of physical capital is relatively small and falling. Explain your reasoning.

  Explain the process or mechanism underlying how a market

Explain the process or mechanism underlying how a market-based economic system allocates scares resources. Identify how this process might differ from a centrally planned or command 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