For each level of output calculate the variable cost vc for

Assignment Help Macroeconomics
Reference no: EM13378394

For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC) Qty of boats Total Cost Variable Costs Average Variable Costs Average Total Costs Average Fixed Costs 0 $450,000 - - - - 1 490,000 2 510,000 3 520,000 4 540,000 5 570,000 6 610,000 7 670,000 8 750,000 9 870,000

Reference no: EM13378394

Questions Cloud

Mac rowe doesnt sweat the petty stuff in fact he just : mac rowe doesnt sweat the petty stuff. in fact he just cannot detect small differences. he consumes two goods x and y.
Felicity is studying economics and political science she : felicity is studying economics and political science. she can read 30 pages of political science per hour but only 5
Lars consumes only potatoes and herring when the price of : lars consumes only potatoes and herring. when the price of potatoes was 9 crowns per sack and the price of herring was
For each level of output calculate this manufacturers : for each level of output calculate this manufacturers marginal cost mc for convenience place the marginal cost between
For each level of output calculate the variable cost vc for : for each level of output calculate the variable cost vc. for each level of output except zero output calculate the
Suppose a business experiences a sudden increase in its : suppose a business experiences a sudden increase in its fixed costs. for example suppose property taxes increase
Compared to the gini coefficient for income distribution : compared to the gini coefficient for income distribution the value of the gini coefficient for the distribution of
According to monetary theories of the business cycle : according to monetary theories of the business cycle fluctuations area. independent of the banking systemb. more
Which of the following statements concerning major cycles : which of the following statements concerning major cycles is incorrect?a. major cycles are characterized by wide

Reviews

Write a Review

Macroeconomics Questions & Answers

  What are total profits in this situation

what level of output should be produced in each market and what price will prevail in each market? What are total profits in this situation? How would your answer change it it only cost demanders $5 to mail books between the two markets? What would..

  Which project should be selected if npw or nfw were used

hich project should be selected if the simple payback method is used to make the determination? Which project should be selected if NPW or NFW were used? Consider the time value of money to be 15%. Explain any differences in results.

  Calculate market price for industry in long run equilibrium

A company in a purely competitive industry is currently manufacturing 1200 units per day at a total cost of $600. If the company purchased 1000 units per day,

  Explain how would it change as pm company adopts

Explain how would it change as PM Company adopts additional international market expansion strategies. How long and what will it take to actually change the organizational structure.

  Write the equations for the is and lm schedules

Write the equations for the IS and LM schedules. Find the equilibrium values for Y and r. Now assume the same figures as above but with a completely interest inelastic Investment (I). Write the new equations for the IS and LM schedules. Find the new ..

  Explain what is the set of pareto optimal allocations

Amaranda and Bartolo consume only two goods, X and Y. They can trade only with each other and there is no production. The total endowment of good X equals the total endowment of good Y. Amaranda's utility function is U(xA, yA) = max{xA, yA}

  Show how consumers are harmed

If government imposes on the firms in a polluting industry penalties(taxes) that exceed the actual value of the damages done by the pollution, the result is an inefficient and unfair imposition of costs in those firms and on the consumers of their..

  Relationship between average costi and prices

Briefly explain in words the sequence of changes that occur as the two economies move from no trade to free trade.

  Why income sensitivity of demand affect slope of lm curve

Explain in words how and why the income sensitivity of the demand for real balances affect the slope of the LM curve. Think of the demand for real balances as L(r,Y)= eY-fr where e and f are positive constants.B) What are the effects of a large s..

  How to pay off twi debts in a single payment

our friend wants to pay off her two debts in a single payment. The first debt is $570 due in 8 months, and the second is $1,380 due 1 1/2 in years. What will that single payment be if she wants to make it at the end of 1 year given a compound inter..

  What impact had on the revenues of the networks

Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material (commercials) that could be aired during children's television shows, effectively reducing the quantity

  What does it mean by a growing economy

A growing economy means that the economy is producing more and more "stuff", either because it has more resources (workers), or uses those resources more productively (smarter, better workers, working with better machines and systems).

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