Please show step by step calculation

Assignment Help Business Economics
Reference no: EM132328951

If the short-run total cost function for a firm is TC = 3,000+100Q, please show step by step calculation

a. the average total cost (ATC) when the output Q=10,

b. the marginal cost (MC) for the 10thunit of output, and

c. the fixed cost in the short-run.

Reference no: EM132328951

Questions Cloud

Company probably faces on a regular basis : Briefly explain what is meant by the term 'fixed cost' and give an example of a fixed cost the rocking chair company probably faces on a regular basis.
Absolute value of result and ignore the sign : Recall that economists tend to omit the (expected) negative sign, so just answer using the absolute value of your result and ignore the sign of the answer
Elasticity of demand for the product as elastic : Would you characterize the elasticity of demand for the product as elastic, unit elastic, inelastic, or with some other term?
How many percent would coffee quantity demanded : How many percent would coffee quantity demanded decline if the price of coffee increased 30 percent?
Please show step by step calculation : If the short-run total cost function for a firm is TC = 3,000+100Q, please show step by step calculation
Advance health care directives becoming increasingly popular : How does living will differ from a durable power of attorney as health care document? Why are these advance health care directives becoming increasingly popular
Discuss how your professional roles in the team differ : Social Work Practice with Children, Young People and Families-MSWPG7107-Federation University Australia-A discussion of the strengths of your multi-disciplinary
Exceptions for someone who trying to learn topic : Please explain in detail the U-shaped marginal cost curve and its exceptions for someone who trying to learn this topic.
Physician-assisted suicide : Should terminally ill individuals have the right to ask for "physician-assisted suicide"? Explain your answer.

Reviews

Write a Review

Business Economics Questions & Answers

  Natural gas burns clean and has cleaner emissions

Why do you think it is that few cities have converted their buses to natural gas? We have many cities that run all or most public vehicles on natural gas. Natural gas burns clean and has cleaner emissions. Is there a reason that all of our cities hav..

  Account today to support future needs

If the account pays 0.3% interest per month, how much money must you have in your bank account today to support your future needs?

  Element of the 8p of marketing

Consider the 8 Ps of marketing (strategies). Describe a situation where each element of the 8Ps of marketing could be modified (if only a little) when marketed

  Find the probability that it is a drama or comedy

If a person selects a movie to rent, find the probability that it is a drama or comedy.

  Corn to produce biofuels in united states and europe

Discuss the impacts and effect(s) on the world price of corn as a result of the increased use of corn to produce biofuels in the United States and Europe.

  What is the expected pw for deciding whether to proceed

(a) What is the expected PW for deciding whether to proceed? (b) Find the P(loss) and the standard deviation for proceeding.

  Q1 please construct a 150-2000 word response to the

q1. please construct a 150-2000 word response to the following topicquestions as it relates to the recent atampt and

  Q1 americans already enjoy living standards that far exceed

q1. americans already enjoy living standards that far exceed worlds average. should we even try to produce more do we

  Diagram into a communication diagram

Can we convert a sequence diagram into a communication diagram? How?

  Dividends and nothing were reinvested

By how much does its value exceed what it would be if all earnings were paid as dividends and nothing were reinvested?

  Contribution in main topic-respond with value added comments

“Before there was Paris Hilton, there was Consuelo Vanderbilt Balsan – a Gilded Age heiress and socialite, re-nowned for her beauty and wealth. Now Ms. Balsan’s onetime Hamptons home is slated to hit the market priced at $28 million with Tim Davis of..

  Economic profit and compare to his accounting profit

Your buddy Gabe owns a sports restaurant/bar in St. Louis. On a recent visit, Gabe shared the following information on his annual revenue and costs: Assume that Gabe has a standing offer of $70,000 to manage another bar in St. Louis. Calculate Gabe’s..

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