User Account

All Pages

What is the total cost of producing 1,000 units of output

Assignment Help Microeconomics
Reference no: EM13338165

Suppose a firm is producing 1,000 units of output. Its average fixed costs are $100. Its average variable costs are $50. What is the total cost of producing 1,000 units of output?

Reference no: EM13338165

Questions Cloud

What are the marginal revenue curves for each group : What are the marginal revenue curves for each group? What are the monopoly prices and quantities for each group?
Why when the same efforts must be made to uncork : Most customers tip according to a percentage rule between 15 and 25 percent of the bill.diners who have dinner and a $20 bottle of wine usually pay the same percentage of the bottle price as diners who order a $100 bottle.
If the goal of the transit authority was to maximize total : If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
What does china gain by keeping its currency from devaluatin : 1. What does China gain by keeping its currency from devaluating relative to those of its major trading partners?
What is the total cost of producing 1,000 units of output : Suppose a firm is producing 1,000 units of output. Its average fixed costs are $100. Its average variable costs are $50. What is the total cost of producing 1,000 units of output?
What is the maximum loan that the bank a can make : If the bank maintains a reserve requirement of 2 percent, what is the maximum loan that the bank A can make?
What is the price elasticity of supply at the market : Suppose the market demand curve for a product is given by: Qd = 500 - 15P + 20I and the market supply schedule is: Qd = -25 + 10P + 10K. The initial values are I = 10, K = 5.
Determine whether a permanent increase in the size of the : Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply:
The medical causes of infant mortality : Research into the medical causes of infant mortality.

Reviews

Write a Review

Microeconomics Questions & Answers

  Determining price of beans

Assume the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be ______

  Determining maximin decision rule

Although Ken Brown (discussed in problem 3-16) is the principal owner of Brown Oil, his brother Bob is credited with making the company a financial success. Bob is vice president of finance.

  Define where does personal responsibility end

A growing number of businesses-including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains-are feeling the heat from government, the press, and society at large for encouraging harmful

  Theory of rational expectations

If growth in labor supply is a source of economic growth, then we should just open our borders and let everyone immigrate to the U.S. Agree or disagree? When it comes to labor what matters for economic growth?

  Explain the differences between the two demand functions

One can derive a demand function for health and for medical services from the Grossman model. Explain the differences between the two demand functions. Why does demand for health and for medical services depend on age?

  Why start of a hyperinflation is related to fiscal policy

Although "inflation is always and everywhere a monetary phenomenon," explain why: a. the start of a hyperinflation is typically related to the fiscal policy situation, and b. the end of a hyperinflation is usually related to changes in fiscal poli..

  How to calculate consumer price index

Can anyone discover how the Consumer Price Index (CPI), primary measure of inflation used through the government, is computed?

  What shape did the short-run aggregate supply curve

1. What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain

  Calculate the utility of the expected value of the lottery

Calculate the expected value of the "lottery", in which Maria participates and calculate the utility of the expected value of the lottery.

  Solve for equilibrium level of national income

Use the inverse matrix method to solve for equilibrium level of national income and the equlibrium rate of interest in this economy.

  Demand function for daily attendance

Calculate the price that the Plaza Movie House will charge for admission to movies in the long run and what will be the number of patrons per day at that price?

  Define the value of marginal product

Which of the following methods is used by unions to increase the demand for the labor of its members? what is an agreement between a manufacturer and a distributor on the price at which a product will be resold.

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