Calculate the marginal cost function

Assignment Help Business Management
Reference no: EM131157309

Consider a firm that faces the total cost function

TC = 300 + 5q +2q2

Where q is the output level of the firm

- Is this a short run or long run cost function? Why?

- Calculate average fixed, average variable and average total cost functions

- Calculate the marginal cost function

Reference no: EM131157309

Questions Cloud

Appropriate standardized test statistic : The U.S Department of Agriculture claims that the mean annual consumption of tea by a person in the US is 8.9 gallons. A random sample of 60 people in the US has a mean annual tea consupmtion of 8.2 gallons. Assume the population standard deviatio..
How would you have answered heinzs dilemma : How would you have answered Heinz's dilemma? (See readings for the week for the full dilemma). Which of Kohlberg's three levels of morality do you feel you are in?
How apple will most likely respond : Determine what additional steps Apple's competitors are likely to take and how Apple will most likely respond. Explain your rationale
Objectives of stock control in any organization : What are the main objectives of stock control in any organization?
Calculate the marginal cost function : Consider a firm that faces the total cost function
Freedom of expression by the demokratica : Question: Ancient Athens, and the freedom of expression by the demokratica -- wealthy and not so wealthy
Management planning and control : Seasonality is a high level issue we have discussed that definitely would require more management planning and control since cash inflows and outflows can change from month to month.
What are the companys inventory turnover ratio : Sorenson Inc. has sales of $3,112,489, a gross profit margin of 23.1 percent, and inventory of $833,145.-What are the company's inventory turnover ratio and days' sales in inventory?
Determine which strategy the company you researched : Determine which strategy the company you researched most likely applies. Determine how your experience with that company might change if it switched to one of the other four strategies (your choice). Explain your rationale

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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