User Account

All Pages

What is the firms fixed cost

Assignment Help Microeconomics
Reference no: EM13298949

Suppose that the total short-run cost function of a firm is given by TC = 200 + 20Q, where TC is the total cost and Q is the total quantity of output.

a. What is the firm"s fixed cost?

b. If the firm produces 100 units, what is its average total cost and average variable cost?

c. What is the marginal cost per unit produced if the firm is currently producing 100 units and decides to produce one additional unit?

Reference no: EM13298949

Questions Cloud

How much should a pack of cigarettes cost : How much should a pack of cigarettes cost?
Local performers are gradually loosing in the competition : Local performers are gradually loosing in the competition with recognized international bands, and Serida’s income decreases to $50 while prices are the same as before. What is the equation of this new budget line? How does it compare to the budget l..
Determine itc percentage change in earnings : Suppose that ITC's degree of combined leverage (DCL) is 3.00 at a sales volume of $9 million. Determine ITC's percentage change in earnings per share (EPS) if forecasted sales increase by 20 percent to $10,800,000.
Determine the depth that will result upstream during design : The design discharge is 9.5 m^3/sec and the inlet will be submerged but not the outlet. Determine the depth that will result upstream (above the invert) during the design flood event.
What is the firms fixed cost : Suppose that the total short-run cost function of a firm is given by TC = 200 + 20Q, where TC is the total cost and Q is the total quantity of output.
Determine the length of the hydraulic jump and energy loss : A spillway carries a discharge of 22.5 m^3/sec with the outlet velocity of 15 m/sec at a depth of 0.2m. Select an adequate USBR stilling basin and determine the sequent depth, the length of the hydraulic jump and energy loss.
Explain solvents in order of increasing polarity and acetone : Rank the following solvents in order of increasing polarity: Acetone, Petroleum ether, methanol, ethanol, dichloromethane
Find elevation difference in siphon crown nd downstream pool : The siphon crown is 1.2m above the water surface elevation of the reservoir and a length of 10m away from the siphon entrance. If the siphon diameter is 30 cm, the friction factor is 0.2, and the head loss coefficients are 0.2 inlet and 0.1 exit,
What is the value of the stock to an investor : An Allied Northern preferred stock pays a $3.84 annual dividend. What is the value of the stock to an investor who requires a 9.5% return?

Reviews

Write a Review

Microeconomics Questions & Answers

  What happens to the indifference curves

What happens to the indifference curves when a household's income is reduced and how does a budget constraint explain consumer choices when used in conjunction with indifference curves?

  Define insurance

This basic one costs $4,000 for the employee this year, plus $2,500 for the spouse, and $2,500 for any number of children. It also has a family deductible amount of $2,000 before benefits (80% paid; 20% co-insurance) kick in.

  Linear demand function

Demand estimation and forecasting and income elasticity of demand

  Which market structure applies to dry cleaners

Monopolistically competitive industries consist of a large number of firms, none of which has a large market share. Oligopoly is different. This market structure involves an industry that is dominated by a small number of firms.

  Why is marketing necessary for a practice

Why is marketing necessary for a practice or hospital to be successful? What considerations should be taken into account when marketing health care services or products? (Hint: Think about all the medication ads you see on TV or in magazines - how ..

  Describe what can be done about monopolies

The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.

  What are the arguments for using real per capita gni

Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..

  Use the classical rbc model

Use the classical (RBC) model

  Demand and supply curve for clay fire

Redstone's manager is fired, and you are now the manager of Redstone Clayworks. How many fire pits would you choose to produce and why?

  How to maintain the collusive agreement

Return again to the cartel in Problems 4 and 5. Now suppose that the market game repeated indefinitely. What is the discount factor (sigma) is necessary now in order to maintain the collusive agreement in an indenitely repeated setting

  Increasing in excise tax affect the supply

How does an increase in an excise tax on cars affect the supply of cars. more cars will be made or fewer cars will be made or else.

  Explain what you mean by too safe

Many automobile manufacturers routinely advertise the safety of their cars, yet airlines generally do not mention safety in their advertising. Can you suggest an explanation for this difference

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