What are average variable costs

Assignment Help Microeconomics
Reference no: EM132511551

If Fixed Costs are 46 and Variable Costs are 35 at 3 units of output, what are average variable costs? i.e., what are variable costs per unit at 3 units of output?

Reference no: EM132511551

Questions Cloud

Optimal pigovian tax needed to correct the externality : Abel shares an apartment with Tim. Abel drinks alcohol while Tim hates drinking. The utility functions for Abel (A) and Tim (T) are as follows:
COMP 1009 Project Management Assignment : COMP 1009 Project Management Assignment Help and Solution - Middle East College, Oman - Assessment Writing Service
Current interventions and proposed interventions : Briefly summarize existing law enforcement, judicial, and correctional interventions used to combat criminal organizations in your community.
What would be the temperature : Suppose the air at sea level has a temperature of 30°C. What would be its temperature at 18 km assuming it rises by the dry adiabatic lapse rate?
What are average variable costs : If Fixed Costs are 46 and Variable Costs are 35 at 3 units of output, what are average variable costs? i.e., what are variable costs per unit at 3 units
What is hasso opportunity cost of watching the movie : Hasso can do one of the following free activities, which involve the same amount of time: watch a movie, go on a bicycle ride or work in his garden.
Design an imaginary food web or describe a real one : Design an imaginary food web or describe a real one. Include at least 4 living organisms that interact in your ecosystem and provide the examples.
What factors influence and interrupt intent : Intent influences the thoughts and behaviors of people in social settings. What factors influence intent? Why? What factors interrupt intent? Explain.
BUS 311 Cross Cultural Management Assignment : BUS 311 Cross Cultural Management Assignment Help and Solution, Emirates College of Technology - Assessment Writing Service

Reviews

Write a Review

Microeconomics Questions & Answers

  Briefly explain why empirical consumer demand studies

Briefly explain why empirical consumer demand studies such as Patrick McCarthy's study of automobile demand are relevant to managers?

  Terms of the marginal rate of substitution

Quantities purchased are the same but prices are not. What does this mean in terms of the marginal rate of substitution at those quantities?

  Consider a consumer with preferences over newspapers

Consider a consumer with preferences over newspapers (x) and books (y) that can be represented by the quasilinear utility function u(x,y)=x+2sqrt(y)

  What changes have been made in regulating the industry

Regulations for the banking and financial industries have existed in the United States since the beginning of our country. Give a brief overview f the history of these regulations, focusing mostly on the great depression years of the 1930's.

  What are the main elements of classical liberal explanations

What are the main elements of classical liberal explanations of growth and development? Compare the internal and external explanations of development and stagnation.

  Define pros and cons of employing differentiation strategy

What are the pros and cons of employing a differentiation strategy in a monopolistically competitive market? Cite some of the different ways a firm can try.

  What is true about the demand for luxuries

One way governments have tried to collect taxes from the wealthy is through the use of luxury taxes. What is true about the demand for luxuries?

  Research the term venn diagrams in the university library

Research the term Venn diagrams in the University Library or on the Internet.

  Suppose that an oligopolistically competitive restaurant is

suppose that an oligopolistically competitive restaurant is currently serving 260 meals per day the output where mr

  Explain price ceilings compared to price floors

Explain Price Ceilings compared to Price Floors. Give examples for each. How do price controls create "Deadweight loss"?

  What would happen to prices of your exports

Suppose the US dollar appreciates in its value against the Euro. If you were exporting US made products to Europe, what would happen to prices of your exports?

  Profit maximization problem

A monopoly has the inverse demand function P=200-Qand the cost function C=40Q. Set up the profit maximization problem and solve for the profit-maximizing price

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