What the average variable cost and the average fixed cost

Assignment Help Business Economics

Reference no: EM131082378

Suppose the total cost of producing 40,000 flash drives is $120,000 and the fixed cost is $30,000.

a) What is the variable cost?

b) When output is 40,000 what the average variable cost and the average fixed cost?

c) Assuming the cost curves have the usual shape, is the dollar difference between the average total cost and the average variable cost greater when the output is 40,000 flash drives or when the output is 60,000 flash drives? Explain.

Reference no: EM131082378

Questions Cloud

Explain how you would acquire a source that you need : Visit the Jerry Falwell Library online. Browse around on pages that will lead you to information about topics that you are studying. Based on what you find on these pages, what kinds of resources can you access through the Jerry Falwell Library?

Right when buyer incomes increases : What do you call a good whose demand curve shifts to the right when buyer incomes increases?

What if the 2 dimensions are relatively prime : What if the 2 dimensions are relatively prime?

Prove - derivative of an even function is an odd function : Quiz 6. Use the Chain Rule to prove the following: The derivative of an even function is an odd function

What the average variable cost and the average fixed cost : Suppose the total cost of producing 40,000 flash drives is $120,000 and the fixed cost is $30,000. What is the variable cost? When output is 40,000 what the average variable cost and the average fixed cost?

Compare the performance of these compiled functions : Compare the performance of these compiled functions

Draw a decision tree in the excel worksheet named model : Draw a decision tree in the Excel Worksheet named "Model" using the 4 health states as determined in the Eur Heart Journal trial (4). Calculate the drug costs for each health state for each arm - use the "Costs" worksheet (4)

How does this depend on the density of cars and grid size : How does this depend on the density of cars and grid size?

Compute the derivative : Differentiation galore. Compute the derivative of (sin(x))3 by using the chain rule and by using the product rule. Do you get the same answer in either case

User Account

All Pages