User Account

All Pages

What is the average cost of the firm

Assignment Help Business Management
Reference no: EM131296729

Suppose the firm is a monopolistic competition firm whose demand function is X= 100 - 2P, Assume that there are no barriers to entry and the firm sells at equilibrium 20 units.

a. What is the average cost of the firm?

b. What can you say about the marginal cost of the firm?

Reference no: EM131296729

Questions Cloud

How might sue take advantage of demographic changes : How might Sue take advantage of demographic changes such as the aging of the U.S. population to improve CHC's performance?
Identify the fallacy that relates to the self talk recorded : Consider the variables of why we form relationships (attraction, similarity, complementarily. proximity. etc.) How did these variables function in the beginning of your relationship? How do the variables function now that you have a more establis..
How could such a monopolist escape this trap : Knowing this in advance, buyers will be unwilling to pay more than P = MC to begin with. How could such a monopolist escape this trap?
How will chcs earnings before taxes be affected : How will CHC's earnings before taxes be affected if revenue is less than expected? How will CHC's earnings before taxes be affected if expenses are more than expected?
What is the average cost of the firm : a. What is the average cost of the firm? b. What can you say about the marginal cost of the firm?
A health club differs from manufacturing firms : A health club differs from manufacturing firms in that it produces a service rather than products.- Do you think that small manufacturing firms would typically require more or less financing than a health club? Explain.
Focus on continual improvement based on feedback : Given that Yahoo!'s business seems to be working, why is it still necessary for Yahoo! to focus on continual improvement based on feedback from its customers?
Monetary policies in the united states : What were some monetary policies in the United States during the 1950's ? What impact did they have during that decade?
Why does the topic deserve your research attention : Brief introduction to the topic and the economic questions to be addressed. Why does this topic deserve your research attention? How will you obtain data set for this research if applicable?

Reviews

Write a Review

Business Management Questions & Answers

  Estimating the principle of microeconomics

Find the Forbes 2000 list of the world's largest firms at www.forbes.com/lists/.  From the top 10 list, select three firms from three different industries and discuss the likely sources of economies of scale that underlie their large size. Why is ..

  Understanding work and learning in canada

Write a short essay of 750-1000 words in response to the following question: "Why is consideration of the social and economic context necessary for understanding work and learning in Canada?"

  Explain key environmental factors that create an opportunity

Explain the key environmental factors that create an opportunity for Robert Stephens to start the Geek Squad at Best Buy.

  Organizational development theories and teamwork

"Organizational Development Theories and Teamwork" Please respond to the following: Research an organizational development theory you would use to effect change in a large, multinational company that is experiencing significant growth. Be sure to ide..

  Important ways a pm can gather and analyze information

Show some of the important ways a PM can gather and analyze information and describe the value of informal communication methods when conducting and running a project

  Discuss the current challenges

Discuss the current challenges, problems that faced by faced by Tesco worldwide?

  Explain importance of organizational culture

Please describe the concept of empowerment and why it is important and please explain the importance of organizational culture.

  Describes benefits of developmentally appropriate practice

Defines and Describes Benefits of Developmentally Appropriate Practice. Comprehensively defines developmentally appropriate practice and thoroughly describes its benefits. Utilizes several resources in description.

  Reviewing the reading & study material on the emergence

Reviewing the Reading & Study material on the emergence of the Religious Right

  Proper stock management

What are the benefits that can be derived by an entrepreneur when a proper stock management is in place?

  Aggregate demand-aggregate supply

The AD-AS (Aggregate Demand/Aggregate Supply) model of GDP (Gross Domestic Product) can help us understand business cycles or fluctuations in economic activity. By aggregate we are looking at ALL (SUM TOTAL) of Demand or Sum Total of Supply in th..

  Organizations that enhance decision making

organizations that enhance decision making abilitiesidentify a company by name and describe in my own words

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