User Account

All Pages

Discuss what the economist intends to teach you about cost

Assignment Help Managerial Economics
Reference no: EM13977156

1.Discuss what the economist intends to teach you about cost using this cost function. The economist for the Grand Corporation has estimated the company's cost function, using time series data, to be:

TC = 50 + 16Q  2Q2 + 0.2Q3. 

Reference no: EM13977156

Questions Cloud

Discuss the following three cost functions : Discuss the following three cost functions, and discuss what the economist intends to teach you about cost using these cost functions:
Maintaining a website is crucial in any business. : I thought this author made a good argument for why a maintenance plan is important - do you agree with his argument? Did anything in the article surprise you?
What is force of gravitational attraction between two craft : The spacecraft are 4000.0 meters apart. Both spacecraft have masses of 2.0 x 101 kg. What is the force of gravitational attraction between the two craft?
What is the length of the tube : The wire is fixed at both ends and then bowed in the middle to produce its fundamental frequency and generate a sound wave. The tube length is then adjusted until the fundamental frequency of the tube is heard. What is the length of the tube? You ..
Discuss what the economist intends to teach you about cost : Discuss what the economist intends to teach you about cost using this cost function. The economist for the Grand Corporation has estimated the company's cost function, using time series data, to be:
How much time is require for him to glide after catche ball : A team in Quebec is playing ice baseball. A 69.0-kg player who is initially at rest catches a 145-g ball traveling at 18.0 m/s. If the player's skates are frictionless, how much time is required for him to glide 5.00 m after catching the ball?
What is the resulting density : 50 g of ethyl alcohol is mixed with 50 g of H2O. What is the resulting density? 50 cm^3 of ethyl alcohol is mixed with 50 cm^3 with H2O. What is the resulting density?
How tall is the image of the photo on his retina in mm : A 50-year-old optometry patient focuses on a 6.50cm -tall photograph at his near point. (See the table.) We can model his eye as a sphere 2.50cm in diameter, with a thin lens at the front and the retina at the rear. What is the effective focal len..
Managing healthcare professionals : Thread: Choose a topic (within the last 5 years) that presents a challenge or obstacle related to managing human resources (the healthcare professional[s]) in health care. Describe the challenge or obstacle, its relevance, and present a solution (res..

Reviews

Write a Review

Managerial Economics Questions & Answers

  How would you expect existing franchisees to react

How would you expect existing franchisees to react to this proposed regulation? How would you expect a potential new franchisee to reaHow would you expect existing franchisees to react to this proposed regulation?

  The nature of aggregate supply influence

1.In what way will the nature of aggregate supply influence the effect of a change in aggregate demand on prices and real national income?

  An increase in general price levels

All other factors held constant, what would be the effect on the demand for money (M1) of each of the following situations. Explain the rationale behind your responses.

  Asymmetric shocks dealt with within a country

How are asymmetric shocks dealt with within a country? To what extent can this process be mirrored within the Eurozone?

  What are price quantity and profit for this company

What should the firm do in the face of a new demand schedule shown in (b) in the short run? Explain why. What are price, quantity and profit for this company?

  What is the marginal rate of transformation impact

To assist in your thinking and discussion, additional questions to consider include: What is the labor-intensive good? What is the Marginal Rate of Transformation impact? What is the labor-abundant country? What is the capital-abundant country

  What type of market structure does autoedge fit

What type of market structure does AutoEdge fit into and How does this market structure impact our level of competition, elasticity of demand, price, and position in the industry?

  What impact would you expect each of the following events

What impact would you expect each of the following events to have on business cycles? Label each as a demand-side or supply-side shock.

  Improve the firms organizational performance

Reduce the current $1.04 quarterly dividend by 50% and utilize the capital to improve the firm's organizational performance - Bring back to the US a manufacturing facility from Taiwan to South Carolina-the State tax incentive will net the firm $56..

  Do you see any potential problem with the given idea explain

However, employees will be better off because they can choose the option that is most preferred. Do you see any potential problems with this idea? Explain.

  Determine the total expected utility from each restaurant

Calculate the total expected utility from each restaurant option and compare. Graph is not required. Describe your answer, and show your calculations.

  Determine the average variable cost

What is the opportunity cost of one more candy bar?  What is the opportunity cost of one more bag of peanuts?  How do the opportunity costs change - Determine the average variable cost?

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