Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Your firm operates three plants. The cost functions vary across the three plants.
Plant A:
Marginal Cost = 6Q
Average Variable Cost = 3Q
Average Fixed Cost =1000/Q
Plant B:
Marginal Cost =10Q
Average Variable Cost = 5Q
Average Fixed Cost =600/Q
Plant C:
Marginal Cost =12Q
Average Variable Cost = 6Q
Average Fixed Cost = 4000/Q
You can sell your output at a constant price of $600.
a) How much output should be produced at each plant?
b) What is the average total cost of production at each plant?
In 2008, the box industry was perfectly competitive. The lowest point on the long run average cost curve of each of the identical box produces was $4,
According to Gerald Baker, columnist for London Financial Times, November 23, 1999, "In the US, banks are, by whichever measure chosen, in unusually good shape for this stage of an expansion.
We are in the midst of a slow growing economy in the aftermath of a severe recession. During the economic downturn many businesses laid off workers very quickly once they forecast their sales were dropping. What is the economic reasons behind cutt..
An economist for a bicycle company predicts that, other things equal, a rise in consumer incomes will increase the demand for bicycles.
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
1. a innocent a first year business student wonders why one should consider scarcity and choice as basic problems in
Describe the economic causes also consequences of environmental devastation and its impact on achieving sustainable growth and development.
suppose we have a random sample of 50 people and their weight w and height h are recorded to the nearest pound and inch
Assume you received a four percent increase in your nominal salary.
How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light of traditional economic argument that the more competition there is, the more likely it is that an e..
Suppose that the money market is initially in equilibrium for an economy. Explain with the aid of a diagram how the market adjusts to.
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd