User Account

All Pages

What is fixed cost equal to

Assignment Help Business Management
Reference no: EM131608201

1. Suppose that a perfectly competitive firms' Total Cost function is given by: SRTC(q) = 50 + 80q -10q2 + .6q3

a. What is fixed cost equal to? What is Variable Cost equal to?

b. What is Marginal Cost equal to? What is Average Variable Cost equal to?

c. Below which market price (a number) will this firm choose to produce 0 output?

d. Choose a market price that is between Average Cost and Average Variable Cost. Will the firm choose to produce a positive output level?

Depict this output level in a graph that includes all the appropriate curves. Explain verbally (and with numbers) whether this firm would choose to produce the output you chose.

e. What does it mean by a firm to be a price taker? What is the implication of this for the individual firms' demand curve? You must also mention in your answer the term elasticity (correctly of course).

Reference no: EM131608201

Questions Cloud

Discuss a significant trend in supply or demand : Select a specific industry and then identify and discuss a significant trend in supply or demand that directly influences management's pricing decisions.
Discuss to shoot her every minute of her life : The Misfit observes that the grandmother could have been a good woman if someone had been around
Inaccurate-inadequate performance measurement system : What types of decision errors might this cause the firm to make? Be specific, using personal workplace examples if you have any.
What part of the process was the slowest : What part of the process was the slowest?What are the key design principles that govern the effectiveness of this process?
What is fixed cost equal to : a. What is fixed cost equal to? What is Variable Cost equal to? b. What is Marginal Cost equal to? What is Average Variable Cost equal to?
Costs of production in manufacturing industry in australia : Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. Costs of production in manufacturing industry
What are the key issues related to cost and quality : What are the key issues related to cost, quality, and access that affect the organization and the people this organization serves
State the given statement is true and explain why : State whether the following are true or false. If the answer is false, explain why.
Imply about average labour productivity : Explain the link between factor productivity and variable costs. Use the example of labour productivity to illustrate the following:

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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