Reference no: EM13317485
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $250. Her variable costs are $1000 for the first thousand posters, $800 for the second thousand, and then $750 for each additional thousand posters.What is her AFC per poster (not per thousand!) if she prints 1,000 posters?
Instructions: Round your answer to two decimal places.
$ What is her AFC per poster if she prints 2,000 posters?
Instructions: Round your answer to three decimal places.
$ What is her AFC per poster if she prints 10,000 posters?
Instructions: Round your answer to three decimal places.
$ What is her ATC per poster if she prints 1,000?
Instructions: Round your answer to two decimal places.
$ What is her ATC per poster if she prints 2,000?
Instructions: Round your answer to three decimal places.
$ What is her ATC per poster if she prints 10,000?
Instructions: Round your answer to three decimal places.
$ If the market price fell to 70 cents per poster, would there be any output level at which Karen would not shut down production immediately?
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Are x and z substitutes or complements explain
: Q = 70 – 3.5P – 0.6M + 4Pzwhere ˆQ is the estimated number of units of good X demanded, P is the price of the good, M is income, and Pz is the price of related good Z. (All parameter estimates are statistically significant at the 1 percent level.)
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: Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $250.
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