I dont understand this, Microeconomics

Assignment Help:
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages paid to the few workers he employs at the dairy and the grain he feeds to his dairy cows.

What is the AVC?
What is the break-even price?

Related Discussions:- I dont understand this

Transfer payments, Transfer Payments: Governments typically redistribute a ...

Transfer Payments: Governments typically redistribute a share of tax revenues back to specified groups of individuals in form of several social programs (like welfare benefits, pub

Explain about employment rate, Q. Explain about Employment Rate? Emplo...

Q. Explain about Employment Rate? Employment Rate: This measures share of working age adults who are in fact employed in a paying position. Employment rate can be a better in

The state of confidence in conventional judgements, The State of Confidence...

The State of Confidence in Conventional Judgements : While individuals fall back on conventions to guide their behaviour in the face of uncertainty, they are also aware that th

INDIFFERENCE CURVES, HOW TO REDUCE SMOKING USING INDIFFERENCE S AND BUDGETL...

HOW TO REDUCE SMOKING USING INDIFFERENCE S AND BUDGETLINE

International trade, compare and contrast adam smith''s theory of absolute ...

compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.

Macroecnomics, in the case of a decline in velel of private investment spen...

in the case of a decline in velel of private investment spending, why the effect on equilibrium output exceeds the magnitude of the initial shock? also, what are the effects of th

PPC, How dose PPC help, illustrate the basic economic problem?

How dose PPC help, illustrate the basic economic problem?

Public administration-delivery mechanism, Public Administration: Accor...

Public Administration: According to L.D. White, "Public administration consists of all those operations having for their purpose the fulfillment or enforcement of public polic

Write Your Message!

Captcha
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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd