Qthe warren amp smith company manufactures commercial

Assignment Help Business Economics

Reference no: EM13354213

Q. The Warren & smith company manufactures commercial zippers of the two kids, X and the kind Y. Its production department estimates that the average cost function of the firm is

AC=X^2 +2Y^2 - 2XY -2X- 6Y +20

The manager of the firm would like to know the level of output of zipper X and zipper Y at which the average cost of the f rm is reduced also the level of this reduced average cost. The firm expects an order that will require it to produce a total output of 6 units of both kinds of zippers (each unit may be a large number of zippers), and so the manager would also like to know how many of each type of zipper the firm must produce to minimize its average cost also what its minimum average cost would be if it obtain the order. The manager gives this assignment to two researchers who use different methods to obtain their answers.
Although firm expects the order to be of 6 units, determine the minimum average cost of the firm with these different order sizes.

Reference no: EM13354213

Questions Cloud

Q1 a express total profits pi in terms of qb elucidate : q1. a express total profits pi in terms of q.b elucidate total profits maximized at which level of output? what price

Q1 dynamic rather than static demand and supply conditions : q1. dynamic rather than static demand and supply conditions are typically observed in markets of real world. hence

Q1 the demand for basic food stuffs like grains tends to be : q1. the demand for basic food stuffs like grains tends to be inelastic with respect to price. use this factor to

Qgiven your answer in part b if px would increases by 10 by : q.given your answer in part b if px would increases by 10 by what percentage would sales decrease? what impact would

Qthe warren amp smith company manufactures commercial : q.the warren amp smith company manufactures commercial zippers of the two kids x and the kind y. its production

Q 1 continue to read chapter 4 of your text book that deals : q. 1. continue to read chapter 4 of your text book that deals with demand analysis. every assignment ought to answer in

Q1 what are the impacts of demand what happens to the : q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?

Qq1 explain how do i calculate the midpoints and marginal : q.q1. explain how do i calculate the midpoints and marginal costs of 1 thing in terms of the other and the other thing

Q1 state two economic principles of taxationa explain which : q1. state two economic principles of taxation.a explain which rule best justifies gasolines excise tax while the tax

User Account

All Pages