What is the firms short-run fixed cost

Assignment Help Business Economics

Reference no: EM13742179

If a firm’s short-run average total cost function and its short run variable cost function satisfy: SAC(200, w, r, K) = 16, SAVC(200, w, r, K) = 12, SAVC(400, w, r, K) = 16, at a specific wage w, a specific rental rate r, and specific fixed capital level K. (a) What is the firm’s short-run fixed cost? (This will be a numerical value). (b) What is the numerical value for SAC(400, w, r, K)?

Reference no: EM13742179

Questions Cloud

What is common in the respiration system of organisms : What is common between the circulatory system of organisms from samples 5, 6, and 7, but different in organisms from sample 4? What is common in the respiration system of organisms from samples 2 and 4

Equilibrium wage differential between safe and risky jobs : Suppose, Worker 1 has a reservation price of 41 cents; worker 2’s reservation price is 42 cents; worker 3’s reservation price is 43 cents, and so on. There are 150 jobs in firms without air purification systems, and this number is fixed. Thus, the de..

How much do the firms produce and what are their profits : Consider a market with only two firms. Demand on this market is given by D(p) = 20 – 3p. Initially both firms have the same constant per-unit cost c1 = c2 = 2. What is the equilibrium in this market if firms behave as Bertrand competitors? How much d..

Which of porter''s five forces the industry is most concerned : If it were totally up to you, what industry would you like to study for your group project. Why are you interested in that industry. Which of Porter's 5 forces do you think the industry is most concerned about? Why do you believe this

What is the firms short-run fixed cost : If a firm’s short-run average total cost function and its short run variable cost function satisfy: SAC(200, w, r, K) = 16, SAVC(200, w, r, K) = 12, SAVC(400, w, r, K) = 16, at a specific wage w, a specific rental rate r, and specific fixed capital l..

Draft a memo explaining to your warehouse managers : Draft a memo explaining to your warehouse managers how effective supply chain design could help to enhance profitability and stakeholder value for the company.

Consider the market for carbonated water : Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2. What are the equilibrium prices and quantities if the firms..

Effective comparing with the tools of fiscal policy : Which one is more effective comparing with the tools of fiscal policy?

Write an essay on gandhis political movement satyagraha : Write an essay on Gandhi's political movement satyagraha. analyze and explain your understanding of Gandhi's movement which he called Satyagraha. Then, analyze the movements in South Africa.

User Account

All Pages