User Account

All Pages

What level of output do diminishing returns set in

Assignment Help Business Management
Reference no: EM131280977

Ahmad has a total cost function for his furniture factory as follows: TC = 100 + 8Q - 0.12Q2 + 0.004Q3

a. Show that the ATC, AVC, MC, and AFC equations

b. At what level of output do diminishing returns set in?

c. At what level is AVC minimum?

d. At what output level are MC and AVC equal?

e. Why does AVC reach a minimum before ATC reaches a minimum?

f. At the point where the ATC is at minimum, the marginal product of labour is 12 and the marginal product of capital is 18. If the price of labour per hour is RM8, what is the price of capital per hour?

Reference no: EM131280977

Questions Cloud

Given the problems we know about alcohol : Given the problems we know about alcohol, should there be consideration to have alcohol and alcohol related products similarly banned from radio and TV advertisements? Why or why not?
Presentation on personal protective equipment and ergonomics : Create a 7- to 10-slide presentation on the topic of Personal Protective Equipment and Ergonomics. You may use various sources, including your textbook.
Summarize the major points of the chapter : For Chapter 22 of "Climate Casino" (by William D Nordhaus), please write approximately one page: 1) Summarize the major points of the chapter 2) Reflect critically on the chapter (what was most important? what was missing?
Does the court see inevitable church state entanglements : Does the Court see inevitable church-state entanglements if the Board were allowed to exercise jurisdiction over teachers in churchoperated schools?
What level of output do diminishing returns set in : Ahmad has a total cost function for his furniture factory as follows: TC = 100 + 8Q - 0.12Q2 + 0.004Q3 a. Show that the ATC, AVC, MC, and AFC equations b. At what level of output do diminishing returns set in?
Explain the concepts of relevant cost and marginal costing. : Explain the concepts of relevant cost and marginal costing.What steps are involved in conducting benefits/cost and cost-effectiveness studies?
Write a brief introduction of the scene and the accident : Write a brief introduction of the scene and the accident, Safety and health impacts of the accident and An analysis of the key points from a project management perspective about the incident and accident.
What action did board take after investigation of charges : What action did the Board take after investigation of the charges?-  Did the court of appeals uphold the Board? On what ground?
Input levels would give the firm the same outputs : Let q= = min {K, 2L}. Which of the following input levels would give the firm the same outputs as (k,l) = (2,3) (please give the explanation and answer)

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