Define at what output is avc at a minimum

Assignment Help Macroeconomics

Reference no: EM13235267

1) Suppose the average variable cost equation for a competitive firm is given by:
AVC=10 - 2Q + 0.5Q2
a)At what output is AVC at a minimum?

b) If the market price of the firm's output is $7 per unit, should the firm produce or shut down?

Reference no: EM13235267

Questions Cloud

Create method that prints a rectangle of characters console : Create a method that prints a rectangle of characters to the console. The method should use a character set that parameter to the method.

What is the charge on the sphere : A small, plastic sphere of mass m = 111 g is attached to a string There is an electric field of 122 N/C directed along the + x axis

Compute the ph at one-half the equivalence point : calcualte the pH at one-half the equivalence pont and at the equivalence point for a titration of 50 mL of 0.100M acetic acid with 0.100M NaOH

What is the external cost per unit of production : Private and Public Goods) Distinguish among private goods, natural monopolies, open-access goods, and public goods. Provide examples of each. a. What is the external cost per unit of production

Define at what output is avc at a minimum : 1) Suppose the average variable cost equation for a competitive firm is given by: AVC=10 - 2Q + 0.5Q2 a)At what output is AVC at a minimum b) If the market price of the firm's output is $7 per unit, should the firm produce or shut down

Explain what is the equilibrium pressures for the gases : what is the equilibrium pressures for each of the gases if the initial partial pressures are PHF = .500 atm, PH2=1.00x10^-3 atm, and PF2=4.00x10^-3 atm

A reaction of an alkyl halide with alcoholic silver nitrate : Write a mechanism for the reaction of an alkyl halide with alcoholic silver nitrate which depicts the type of substitution which occurs. Explain how this mechanism accounts for the relative rate of reactivity of primary, secondary and tertiary hal..

Explain how can the manufacturer use an exchange : Information System: Electronic Commerce A Magerial Perspective 2010 by: Efraim Turban and etc. Consumer Behavior, Internet Marketing, and Advertising What would you tell an executive officer of a bank about the critical success factors

What is the size of the force pulling the car : A student's car stalls right in front of a speed bump while she is on her way to physics class, If is 12.7°, what is the size of the force pulling the car in lbs

User Account

All Pages