Illustrate what is average variable cost

Assignment Help Business Economics

Reference no: EM1367832

Q. a profit - maximizing industry in a competitive market is currently producing 100 units of output. it has average income of $10, average total cost of $8 and fixed costs of %200

a. Illustrate what is profit ?

b. Illustrate what is marginal cost?

c. Illustrate what is average variable cost?

d. is efficient scale of industry more than, less than, or exactly 100 unit ?

Reference no: EM1367832

Questions Cloud

Illustrate what cost should each industry charge if it wants : Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.

Determining marginal cost of e-books : Consider the preferred prices of the authors and publishers of the electronic book, whose marginal cost of production is close to zero? Would the two disagree regarding the price to be charged for book?

Theory of philosophy and science of caring : Jean Watson's Theory of Philosophy and Science of Caring describe where and how it might be best applied to the nursing practice.

Determine the size of data register : If the computer in this exercise uses the same size word for data and instructions determine the size of each data register? What is the size of the instruction register.

Illustrate what is average variable cost : a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.

Information on production and cost : Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?

Is-lm curve model : In the IS-LM curve model, examine the effect of an autonomous rise in saving that is matched by a drop in consumption, describe which curve would shift?

How many instructions executed in single time slice : Machine executed average of 5000 instructions per microseconds. How many instructions could be executed in a single time slice?

Ability to provide quality care : How will the measurement of these indicators enhance or detract from the capability to provide quality care?

User Account

All Pages