Derive the firm average total cost curve equation

Assignment Help Business Management
Reference no: EM131515616

1) Best Laundry has the following cost function:

TC = 10 + 10 Q + Q2 where Q is tons of laundry cleaned.

MC = 10 + 2Q

a) Derive the firm's average total cost curve equation.

b) Do the same for the firm's average variable cost curve.

c) If the competitive market price is $50/ton, How many tons of laundry would it clean?

Reference no: EM131515616

Questions Cloud

Why must health care providers must grow as professionals : Why must health care providers must grow as professionals? What benefits does this give to all interested parties
Effect of the political economy on trade agreements : Analyze the effect of the political economy on trade agreements and policy. Analyze the various countries to which the United States actively trades.
Describe a decision-making process for employees : Describe a decision-making process for employees with two different strengths. xplain how a manager could develop employees with different strengths
How the human immune system functions : Review the major aspects of how the human immune system functions. How is the proper functioning of this system of major importance to all other systems in the body?
Derive the firm average total cost curve equation : a) Derive the firm's average total cost curve equation. b) Do the same for the firm's average variable cost curve.
Research and analyze a tv program : For this portfolio assignment, you are required to research and analyze a TV program that ran between 1955 and 1965
Why must we take the human population size : What may result from unbridled continued growth of our population - How does the size of the human population contribute to environmental degradation?
Governor next economic conference : Imagine you have been assigned the responsibility of preparing a paper for the governor's next economic conference.
Calculate the annual end of year loan payment amount : Calculate annual end of year loan payment amount. Prepare a loan amortization schedule showing interest and principal break down of each of three loan payments.

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