What is the efficient production for firm

Assignment Help Business Economics

Reference no: EM13838151

The total cost of Coolidge Corporation for the production of laser is given by:

TC = 2200 + 480Q + 20Q2

a) Find the firm’s marginal cost.

b) Find the firm’s average costs.

c) At what of output is MC = AVC

d) At what output level is MC = ATC?

What is the efficient production for this firm?

Reference no: EM13838151

Questions Cloud

Estimate the change in the total revenues of gasoline : When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the change in the total..

Groupthink and the abilene paradox : 1. What is the difference (in your words) between groupthink and the Abilene Paradox? 2. Which do you think it is easier to fall into and why?3. If you were leading a group and saw signs of Groupthink how would you handle it?

Which approximates level that monopolist would charge : Where formal cartels are illegal, what techniques can firms use to attempt to prevent price wars from breaking out and to maintain a price level in the market, which approximates the level that a monopolist would charge?

Estimate the price elasticity of demand for gasoline. : When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the price elasticity of..

What is the efficient production for firm : What is the efficient production for this firm?

Informal collusion in an oligopoly market firms : Explain why if there is no formal or informal collusion in an oligopoly market firms are more likely to match a price cut by an individual firm than they are to match a price increase? If firms in an oligopoly do indeed behave in this way (matching..

Economies of scale may arise from : Economies of scale may arise from all but one of the following. Which one is it?

Market conditions in an oligopoly increase the probability : Which of the following market conditions in an oligopoly increase the probability that it will be able to maintain prices well above the competitive market level? Explain your answer briefly in each case.

Creation and product line proliferation strategies : Explain carefully how oligopolies can use product differentiation strategies to increase barriers to entry. Consider both brand name creation and product line proliferation strategies.

User Account

All Pages