User Account

All Pages

Quantity produced of a particular design

Assignment Help Business Economics
Reference no: EM133130180

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $5,000).

Note: Assume QQ denotes the quantity produced of a particular design.

Which of the following best represents the average cost function for producing any single design?

  • AC=$18,000+$5,000AC=$18,000+$5,000
  • AC=$18,000+$5QAC=$18,000+$5Q
  • AC=$18,000+$5AC=$18,000+$5
  • AC=$18,000Q+$5AC=$18,000Q+$5

Reference no: EM133130180

Questions Cloud

Range of career opportunities in australia : Q1. Do the job opportunities and exposure to a wide range of career opportunities in Australia have played a role in your decision to migrate to Australia? Plea
Which method would result in the lowest earnings per share : Schrade Company bought a machine for $70,500 cash. 2. Which method would result in the lowest earnings per share for year 1? For year 2
How can we best measure inequality and poverty : 1.) How can we best measure inequality and poverty? 2.) Who are the poor, and what are their economic characteristics?
Discuss the terminologies-concepts : Requires: In your OWN WORDS, discuss the following terminologies & concepts and give example.
Quantity produced of a particular design : The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and, after setting up, you can
Increase the minimum wage : Consider an economy that is at potential output. Suppose that the government de- cides to increase the minimum wage. Assuming that labor demand is very inelasti
What is amount of stockholders equity at the end of the year : If total assets increased $187,000 during the year and total liabilities decreased $77,000, what is the amount of stockholders' equity at the end of the year
Pursue contractionary monetary policy than the fed : The primary objective of the European Central Bank (ECB) is to maintain price sta- bility within the Eurozone. In contrast, the Federal Reserve's (FED) main obj
Draw mainly on examples from paid work experiences only : When doing a competency-based interview, it is better to: a Draw on examples from only your current or most recent paid work experiences

Reviews

Write a Review

Business Economics Questions & Answers

  Present value of the stock

How much of the present value of the stock comes from dividends expected to be received within the next 5 years?

  Differences between fasb accounting and ifrs accounting

What are some key differences between FASB accounting and IFRS accounting?

  Major goals of using monetary policy by federal reserve

(a) Briefly discuss the three major goals of using monetary policy by the Federal Reserve.

  Factors might influence the price elasticity of supply

QUESTION 1: Why might TNI have wanted to keep the Mafraq Hotel open during renovation and refurbishment?

  Future value and interest

You purchased an immediate annuity which pays you $3,000 each year from next year for 15 years. Assuming interest rate is 5%, how much is the equivalent present value of these payments?  The future value of $1,000 saved for 20 years at 5% interest is..

  N false false false en-us x-none x-none

normal 0 false false false en-us x-none x-none microsoftinternetexplorer4 q1. assume

  Different age groups in community actually quite different

Health issues associated with different age groups in a community are actually quite different. Primary causes of morbidity and mortality, for example, vary significantly with the patient’s age. Select one of the age groups(adolescents, young adults,..

  Identify a good that you believe meets

Identify a good that you believe meets the criteria for an inferior good. Is this good an inferior good for all income levels or is there a range of income where it is a normal good?

  What do high and low levels of unemployment indicate

What do high and low levels of unemployment indicate? What does the exchange rate regime tell you about the economy? Consider the presence of existing industries and identify areas of opportunity or risk?

  Will this project be approved using cost-benefit analysis

It will provide benefits of $4000 at the end of Year 1, $3,500 at the end of Year 2, and $3,500 at the end of Year 3. If the discount rate is 6%, will this project be approved using cost-benefit analysis?

  What is the geometric mean annual increase for the period

In 1997, a total of 14,964,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2009, the number increased to 55,550,000. What is the geometric mean annual increase for the period?

  Sierra leone gross domestic policy

What relationship is there between Sierra Leone's Gross Domestic Policy and its economy?

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