User Account

All Pages

Produce the minimum average total cost

Assignment Help Business Economics
Reference no: EM131835675

Considering the scenario example of the Average Total Costs wherein the example company had three machines and determined the amount of labor required to achieve optimal output, if the company were to use their increased productivity to fund an additional production machine, would they need to start from the beginning after purchase and operation with actual output data or could the model be adjusted to determine the necessary labor needed to produce the minimum average total cost?

I don't think that a company would have to start from the beginning to determine labor needed. I think that the model and formula could be adjusted or estimated to get a realistic answer.

Reference no: EM131835675

Questions Cloud

Total cost of the movie to the consultant : The out-of-pocket cost for the taxi cab and the movie ticket are $12. The total cost of the movie to the consultant is
Calculate total producer surplus : Assume a seller would be willing to accept a price as low as $100 each for 5 machines, but the buyer offers a price of $150 each, which the seller accepts.
Identification and explanation of key internal structures : Identification and explanation of the key internal structures (at least 3) that will be designed to enhance the culture within your organization.
How would you persuade official players in the us congress : how would you persuade official players in the US Congress to go along with the policies embedded in the Budget - What is your opinion on Trumps budget
Produce the minimum average total cost : Considering the scenario example of the Average Total Costs wherein the example company had three machines and determined the amount of labor
What is the largest unsigned binary number : A digital computer has a memory unit with 32 bits per word. What is the largest unsigned binary number that can be accommodated in one word of memory
Capacity on the prison systems : Will locking up dealers and users for greater sentences solve our drug problem or increase the capacity on the prison systems?
Discuss public administration concept of the iron triangle : Define and discuss the Public Administration concept of The Iron Triangle. What revenue streams are available to local, state and federal governments.
Expected yield to maturity for commercial paper : Use the following Table to answer these questions. The table provides the expected yield to maturity for commercial paper and tre

Reviews

Write a Review

Business Economics Questions & Answers

  Q in recent years many plants have closed forcing thousands

q. in recent years many plants have closed forcing thousands of employees out of their jobs as well as into new ones.

  What is approximately maximum amount rm is willing to pay

What is approximately maximum amount rm is willing to pay to be allowed to use e more units of input x, for e small.

  Maintain the first firms monopoly

Currently, a fast-food firm has a monopoly in the university student union. The monopoly pays the university $75,000 a year in order to maintain it. The firm earns an economic profit of $290,000 per year. Another fast-food firm wants to enter the mar..

  One-sentence definition of macroeconomics

Provide what you think is a succinct, one-sentence definition of macroeconomics. Then provide a response to this question:

  Double-digit growth rates

As the credit crisis unfolded over the past year, one of the few certainties in the global economy seemed to be China's ability to plough on regardless.

  What is his value-at-risk level

Suppose the total value of Jame’s investment is normally distributed with the mean equal to $5, 000 and standard deviation of $1, 000. What is his Value-at-Risk (VaR) at 1% level?

  Determining the network security

From the first e-Activity, discuss your rationale for choosing the specific firewall in question, and determine the primary way.

  Policies would most likely achieve the goal

Assume that the government is planning to address the problem of high prices for flu vaccine. You are hired as an economic consultant to decide upon what kind of a policy to implement in order to improve both the accessibility and affordability of fl..

  Among the following could not bar entry into an industry

Among which of the following could not bar entry into an industry. Firms prevent collusion among firms regulate natural monopolies correct the outcomes of positive and negative externalities in private markets.

  Analyze microeconomic environment of corporate operations

Analyze the microeconomic environment of corporate operations. Assess the impact of ethical and regulatory considerations on economic decisions. Analyze the macroeconomic environment of corporate operations.

  Determine the impact of the proposed govt policy on business

Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage interest payments. A Typical consumer's marginal tax rate is 25% and the elasticity of demand for new homes is -1.5..

  Consider the monetary intertemporal model with investment

Consider the monetary intertemporal model with investment. Analyze a temporary, positive TFP (z) shock and a permanent increase in Ms, respectively. How do the implications di?er? What assumptions on the economic behavior of households and ?rms do th..

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