User Account

All Pages

Minimum price a firm would charge for product

Assignment Help Microeconomics
Reference no: EM13700985

Question: Suppose TFC of producing 100 units of a product is $300,000 and TVC of this output rate is $200,000. 

Assuming AVC=MC, compute the relevant per unit cost measures and illustrate the cost structure of this product. 

What is the minimum price a firm would charge for this product? What is the firm's profit potential for producing this product?

Not sure on how to compute or graph this illustration.

Reference no: EM13700985

Questions Cloud

What happened to the proportion of each type of leafhopper : What happened to the proportion of each type of leafhopper in subsequent generations when the predator changed from a bird to a snake? Suggest a reason why the traits predominant in the 30th generation make this population better adapted to ..
Identify and analyze the competitive forces present : Identify and analyze the competitive forces present in Bank of Americas external environment and identify, analyze, and assess the effectiveness of the basic or generic competitive and supplemental strategies.
Write a complete description flexor digitorum superficialis : Write a complete description Flexor digitorum superficialis relationship to the other elements of the musculoskeletal system that interact with with it.
Why is it important to properly classify liabilities : Why is it important to properly classify liabilities? Discuss ways in which misclassification would impact the financial statements. Discuss ways in which misclassification would impact financial analysis. How would this affect shareholders and..
Minimum price a firm would charge for product : What is the minimum price a firm would charge for this product and what is the firm's profit potential for producing this product?
The different branches of business : Airlines as well as hotel companies have their own websites where customers can buy seats or rooms. Why do you think they prefer to use priceline or hotwire for the 'deeply discounted' product rather than their own website?
Hotels and airline companies often sell their rooms : Hotels and airline companies often sell their rooms and seats at deep discounts on sites like www.priceline.com andwww.hotwire.com. The prices for these hotel rooms and airline seats are often way below what the company needs to make to cover i..
Distribution of scores for physical functioning : Distribution of scores for Physical Functioning in women is normal, where are 99% of the women's scores around the mean in this distribution? Round your answer to two decimal places.
The trial balance of winsor corporation is reproduced : The trial balance of Winsor Corporation is reproduced on the following page. The information below is relevant to the preparation of adjusting entries needed to both properly match revenues and expenses for the period and reflect the proper bal..

Reviews

Write a Review

Microeconomics Questions & Answers

  European union labor costs exceed u.s.-british labor cost

European Union labor costs exceed U.S. and British labor costs primarily because

  The process of creative problem solving

Design is a key step in the process of creative problem solving. Without design, there remains a huge lack of color and structure to what could have been a solved solution

  Average cost pricing

Why are government imposed "nationalization of industries so pricing is at marginal cost" and "average cost pricing" both second best outcomes to the competitive markets? P=MC=min ATC long run equilibrium?

  Determine the monthly payments

Determine the monthly payments on a $150,000 mortgage (loan) at 6.00% (annual interest) compounded (paid) monthly for 30 years. ($ 899.32). What is total interest paid over the 30 years?

  Compute producer and surplus and consumer surplus

Use a diagram to show consumer surplus price of 8.00and production of 6 million meals per day. If price remain at 8.00but production were cut to 3 million meals per day.

  Write some built-in stabilizers in the economy describe

the government stimulus package implemented during the recession of 2007-09 was needed since built-in stabilizers are

  In the market of haircuts the demand function is p100-05qd

in the market of haircuts the demand function is p100-0.5qd and the supply function is p10qs where q represents

  How good a deal is this relative to the msrp

A light duty pickup truck has a manufacturer's suggested retail price (MSRP) of $14,000 on its window. After haggling with the salesperson for several days, the prospective buyer is offered the following deal:

  Explain a requirement of mandatory assignment

Current concerns stem from the fear that if medicare remains an open ended program, its share of the federal budge will continue to increase over time. Prepare a brief memo examining "a freeze in physicians' fees and a requirement of mandatory ass..

  Provide a clear argument in favour of the hospitals position

Suppose the town of Springfield has three hospitals. Hospital A has a 30% market share, Hospital B has a 35% market share, and Hospital C has a 35% market share. Hospital A and B have proposed a merger. The government argues that the merger would con..

  What is the consumer price index cpi how is it measured

What is the consumer price index (CPI)? How is it measured? What are the pros and cons of using the CPI as a measure of the cost of living?

  What is the inflation and unemployment rate

What is the unemployment rate Will a high unemployment rate cause deflation What is the current structure of the labor market How does the current structure affect the threat of cost push inflation or deflation

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