User Account

All Pages

Describe output level that minimizes average variable cost

Assignment Help Business Economics
Reference no: EM132647760

A firm has a total cost of TC =160 +48q - 12q squared +q cube, and marginal cost of MC =48-24q +3q squared, where the q is the number of units per month. Calculate the output level that minimizes average variable cost.

Reference no: EM132647760

Questions Cloud

What factors influence your decision : If a security countermeasure costs as much as, or more than, the loss being protected against for a given period, does it follow that the security measure.
Find the reservation indifference curve : How do we find the reservation indifference curve and what does it show?
Explain the rights of the security officers to detain : On the day the new security officers started their job as store detectives, a person behaving in a suspicious manner entered the store, proceeded.
Determine the maximum commodity that can be produced : 1. It is known that the production function of a commodity is: Q = 72X + 15X2 - X3, where Q is a commodity and X is labor.
Describe output level that minimizes average variable cost : Calculate the output level that minimizes average variable cost.
What is maggie consumer surplus at the quantity : Maggie's individual demand for boxes of Keurig K-Cups is given byP = 20 - 0.1Q (or Q = 200 - 10P), where P is in dollars and Q is quantity
Evaluate the quality and value of its various curricula : You have been asked by the head of Post Marketing to design an instrument by which Post can evaluate the quality and value of its various curricula and courses
Discuss the seven benefits to the police and community : Briefly discuss the seven benefits to the police and community when good relations exist. Which do you feel is the most important, and why?
Find output level that minimizes average variable cost : Calculate the output level that minimizes average variable cost

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd