User Account

All Pages

What is average variable cost

Assignment Help Macroeconomics
Reference no: EM13325775

A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200.

What is profit?

What is marginal cost?

What is average variable cost?

Reference no: EM13325775

Questions Cloud

What speed does it have : A 2.0kg wood block is launched up a wooden ramp that is inclined at a 27? angle. What speed does it have when it slides back down to its starting point
Data analysis and hypothesis testing : Data Analysis and Hypothesis Testing
How to calculate the work of hydrogen gas : Calculate the work (in kJ) when 2.60 moles of hydrogen gas are produced from the reaction of sodium in excess water at 298 K: 2Na(s) + 2H2O(l) ? 2NaOH(aq) + H2(g)
The demand for a product can change due to many factors : The demand for a product can change due to many factors. Distinguish between a chang in demand and change in quantity demand. What are the determiniants of demand? What are the determinants of suppy?
What is average variable cost : A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200.
What acceleration is produced : A crate with mass 34.5kg initially at rest on a warehouse floor is acted on by a net horizontal force of 138N. What acceleration is produced
Explain what is the volume in ml of 0.185 m hcl : What is the volume in mL of 0.185 M HCl(aq) needed to reach halfway to the equivalence (stoichiometric) point in the titration of 47.0 mL of 0.196 M N2H4(aq) (Kb = 1.7 x 10^-6).
Explain the ph numerically to two decimal places : What is the pH after 0.150mol of HCl is added to the buffer from Part A. Assume no volume change on the addition of the acid. Express the pH numerically to two decimal places.
What is the tension in the connecting string : a 15-kg block rests on a level frictionless surface and is attatched by a light string to a 5.0-kg hanging mass, what is the tension in the connecting string

Reviews

Write a Review

Macroeconomics Questions & Answers

  Which alternative should be selected

Consider three alternatives, each with a 10-year useful life. If the MARR is 10%, which alternative should be selected? Slove the problem by benefit-cost ration analysis.

  Demand and supply issues

Explain, illustrating with graphs as necessary-be sure that the shape of your supply and demand curves make economic sense.

  The economically efficient rate of harvest

Can you find an example of natural resource policies (in the USA or elsewhere) that attempt to achieve efficient rates of harvest for renewable resources?

  The absolute value of coefficient of the price

The absolute value of coefficient of the price elasticity of demand.

  Aggregate supply aggregate demand graphs

You observe that output is above full-employment output. Politicians are discussing about the possible reasons. One party claims that this is due to a drop in world oil prices.

  Show the price and quantity combinations favored by each

Larry, Curly and Moe run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Curly wants the saloon to bring in as much revenue as possible. Moe wants to make the largest possible profits.

  Briefly explain how each of the changes the money supply

Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate

  Specialization and gains from trade

Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.

  Compute and contrast the options that the local governments

Compute and contrast the options that the local governments will need to discuss given the lack of resources that are currently available.

  Explain long-run adjustments that will create equilibrium

A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium

  Why economists call the pigouvian taxes

Suppose the demand for artificial tanning is very elastic, while the demand for sugary soda is not. Compare the effects of two equal sized taxes on the equilibrium market price, the equilibrium quantity consumed, and the tax revenue raised.

  Speculation on economic consequences of a congress split

Determine What situation would our economy be presently in and what type of stimulus and healthcare package would we be seeing if, through a silly quirk of fate:

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