Find out an expression for her marginal cost

Assignment Help Business Economics
Reference no: EM1346973

An intelligent and charming Holstein cow, grazes in a very large, mostly barren pasture with a few patches of lush grass. when she finds a new grassy area, the amount of grass she gets from it is equal to the square root of the number of hours, h, that she spends grazing there. Finding a new patch of grass on which to graze takes her 1 h. Since she doesn't have pockets, the currency of her costs is time.
what is the total cost of finding a new plot of grass and getting y units of grass from it?

find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch"

how much time would she spend in each plot to maximize her food intake?

Reference no: EM1346973

Questions Cloud

Illustrate what is the total cost of finding a new plot : Illustrate what is the total cost of finding a new plot of grass and getting y units of grass from it.
Find the effect of increasing selling price : Newton Industries is planning a project & has created the following estimates: unit sales are 7,300, price per unit = $149, fixed costs is $216,400 variable cost per unit is $91.
Discussion job analysis : Describe how a job analysis increases productivity, aids in job description creation, and guides employee team formation.
Show the workplace values and communications issues : Explain what can organizations do to reduce communication barriers describe what are some advantages and disadvantages of using formal and informal channels of communication
Find out an expression for her marginal cost : find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch
Job order costing in manufacturing company : Record the preceding events in a horizontal statements model. In the cash flows column, designate the cash flow as operating activities (OA), investing activities (IA), or financing actives (FA)
How long apart are the fringes in the center : A 210 km long high-voltage transmission line 2 cm in diameter carries a steady current of 960 A. If the conductor is copper with a free charge density of 9.0 x10^28 electrons per cubic meter, how many years does it take one electron to travel the ..
Different approaches for system development : In Systems Analysis and Design. There are at least 2 approaches to system development, variety of life cycles, and long list of techniques.
Explain about management communication styles : Management Communication Styles - Explain how do we sometimes create problems through our communication style?

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!

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