Calculate joe total cost curve

Assignment Help Business Economics
Reference no: EM132078474

Trapper Joe, the fur trader, has found that his production functionin acquiring pelts is given byq = 2pHwhere q = the number of pelts acquired in a day and H = the numberof hours Joe's employees spend hunting and trapping in one day. Joepays his employees $8 an hour. Calculate Joe's total cost curve (as a function of q).

Reference no: EM132078474

Questions Cloud

What was the axiomatic view of mathematical theories : What was the "Axiomatic" view of mathematical theories, adopted by Hilbert and the Bourbaki?
Compute basic earnings per share for the year ended : Compute basic earnings per share (rounded to 2 decimal places) for the year ended December 31, 2013
What will annualized yield be of sara : Sara has decided to invest in commercial paper with a par value of $1,000,000 and a 60-day maturity for $990,000. If Sara decides to hold this investment.
What is the markup on variable costs needed to break even : Oma Company has the following budgeted costs for 10,000 units: What is the markup on variable costs needed to break even
Calculate joe total cost curve : Joepays his employees $8 an hour. Calculate Joe's total cost curve (as a function of q).
How many hours will she work at the bookstore : If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?
How much would the value of samsung increase in given issue : Samsung currently has no debt and a cost of equity of 25%. They are thinking about issuing debt to buy back some of their equity.
Calculate the manufacture cost and the selling price : The overheads for the robots department are $ 57000 per annum and are absorbed on a direct materials basis. Calculate the manufacture cost and the selling price
Normalized trade relationship with china : This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Reviews

Write a Review

Business Economics Questions & Answers

  Comparative advantage in producing

What are some examples of goods that the United States has comparative advantage in producing?

  Karen opportunity cost of running the business

As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Karen's opportunity cost of running the business.

  Supply change management metrics

Prepare a 1/2-page response to present a case on how Supply Change Management Metrics represents SCM success. Relate any examples you have from your own.

  Marginal utility of meat at former levels of consumption

In the early part of the 21st century the high protein Atkins diet became quite popular in the US. Explain what the popularity of this diet would do for demand for a high protein food like meat and for the marginal utility of meat at former levels of..

  Identify the principal and the agent

Each of the following situations involves moral hazard. In each case, identify the principal and the agent and explain why there is asymmetric information. How does the action described reduce the problem of moral hazard?

  An absolute advantage in producing both products

Two women, Michelle and Tracy, are stranded on an island. Michelle can catch 8 fish per hour or gather 10 coconuts per hour. Tracy can catch 10 fish per hour or gather 40 coconuts per hour. an absolute advantage in producing both products,

  Crisis of overproduction

According to Marx, businesses pay their workers less than the value of the product of their labor in order to make a profit. The businesses then reinvest

  What are health disparities

What are “health disparities”? Why are they important? What makes them worse? What makes them better? What can we do to address them?

  Two? utilities-peoples electric and municipal? energy

Suppose two? utilities, People's Electric and Municipal? Energy, each produce 200200 tons of pollution per year. The government has a goal of eliminating half the? pollution, and, in? turn, provides 100100 pollution permits to each utility. A polluti..

  Understanding and using the information

Do you think the DISC results are too hard to use or is the information presented - and the method it's presented - helpful to understanding and using the information in one's job/career immediately?

  How many frisbees are being sold in equilibrium

(a) How many Frisbees are being sold in equilibrium? (b) How many (identical) firms are initially producing Frisbees?

  Little change in price because supply will also increase

Analyze the following ideas graphically and explain any fallacies that may be stated. An increase in demand will cause price to rise, with a rise in price, supply will increase and the increase in supply will push price down. Therefore, an increase i..

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