Find marginal cost of the firm

Assignment Help Managerial Economics

Reference no: EM1372239

The following questions refer to a company, whose manager recently estimated its average variable cost function to be;

AVC = 88 - 0.026Q + 0.000003Q2

The firm faces total fixed costs (TFC) of $300,000.

a. What is the marginal cost of the firm equal to (in dollar terms) when output is 6,000 units?

b. What is the firm's total cost equal to when output is 6,000 units?

Reference no: EM1372239

Questions Cloud

What effect do you think this had exchange rate : At prompting of United States, Japan relaxed restrictions and allowed companies to invest anywhere in world. What effect do you think this had on yen/dollar exchange rate and trade balance between two countries.

Explain why money multiplier differs from simple deposit : If, in addition, currency deposit ratio(c) is 0.05 and excess reserve ratio (e) is 0.15, what is money multiplier. Explain why money multiplier differs from simple deposit multiplier.

Write algorithm by using pseudo code consensus algorithm : Write the algorithm, by using pseudo code, "Consensus algorithm": A group of ten people require to decide which one flavor of ice cream they will all order, out of three options.

By how much does car body rise on its suspension owing : A speedy tortoise can run at 0.01 meters per second and a hare can run 21 times as fast. In a race they both start at the same time; however the hare stops to rest for 1.50 minutes. So the tortoise wins by a shell (20 cm).

Find marginal cost of the firm : The following questions refer to a company, whose manager recently estimated its average variable cost function to be;

Explain normal form is denormalized table : Which field or fields cause a table to no longer be in third normal form? In which normal form is denormalized table?

Explain why monopolistically competitive firms frequently : Explain why monopolistically competitive firms frequently prefer non-price competition to price competition.

What is the new pressure in tank : A car was seen driving off the edge of a cliff at an angle of 10 ° above the horizontal. The cliff is 95m high and the car impacted the ground at a distance of 156m from the base of the cliff. What is the speed of the car.

Types of non-parental child care : Analyze three different types of non-parental child care. Examine the influences that non-parental childcare has on psychological, social and cognitive development.

User Account

All Pages