Managerial economics, economics, Microeconomics

Assignment Help:

Below are the two estimated cost functions. describe what type of data was most likely used to estimate each one and why. Explain which is a short- run function, determine the level of output for which the firm encounters diminishing returns to the variable output; and the output level of minimum average variable cost(AVC). For the long run function, determine the smallest plant size which will minimize cost per unit of output.
a. TC=20,000Q-5000Q +0.0Q
b. TC= 150,000+20,000Q-3500Q+0.05Q

Related Discussions:- Managerial economics, economics

Lechatliers principle, what is le''chatliers principle?

what is le''chatliers principle?

Canalisation, State trading is often associated with canalisation. Canalisa...

State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported

Public good , Graphically illustrate how society decides on the number of p...

Graphically illustrate how society decides on the number of police officers to hire

Explain the evolution of exchange rate system, Problem 1 (a) Explain th...

Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf

frms total cost, A firms total cost function is TC=0.0006X^3-0.086X^2+4....

A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function

Female-headed households, Female-headed households: The high incidence...

Female-headed households: The high incidence of unemployment among the educated in general and women in a particular reflects that the pace of creation of diversified employme

Lending operations of world bank, Lending Operations of World Bank: Re...

Lending Operations of World Bank: Resources of the Bank consist of the capital and borrowings. The capital of the bank is contributed by its 184 member-countries. Besides,

Cost, relationship between tfc , tvc , tc

relationship between tfc , tvc , tc

Magnatic properties, What is paramagnetic?

What is paramagnetic?

Market supply labour, use a graphical illustration to describe briefly what...

use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag

Write Your Message!

Name

Email id

Message

Verfication Code

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

User Account

All Pages