What must happen to her mc curve at some output level

Assignment Help Econometrics
Reference no: EM131072378

For the vacuum cleaner producer in the preceding question:

(a) Draw the MC curve.

(b) Next, draw her AFC and her AVC curves.

(c) Finally, draw her ATC curve.

(d) In order for this cost structure to be compatible with a perfectly competitive industry, what must happen to her MC curve at some output level?

Reference no: EM131072378

Questions Cloud

Evaluate the manager based on portfolio alpha : During a particular year, the Treasury note rate was 3.25%, the market return was 7% and a portfolio manager with beta of 0.5 realised a return of 8%. Evaluate the manager based on portfolio alpha.
How many vacuums must she sell in order to cover total cost : How many vacuums must she sell in order to cover her total costs?
Mutual fund at the beginning of year : You invested $100,000 in a mutual fund at the beginning of the year when the NAV was $40.13. At the end of the year the fund paid $.42 in short-term distributions and $.59 in long-term distributions. If the NAV of the fund at the end of the year was ..
Include detection and response of the condition : Include detection and response of the condition described in problem 3 in the model and resimulate the using the lower value of the cut-off point.
What must happen to her mc curve at some output level : what must happen to her MC curve at some output level?
Describes company operating activities : Which of the following best describes a company's operating activities?
What was your return for the year : You invested $90,000 in a mutual fund at the beginning of the year when the NAV was $54.3. At the end of the year the fund paid $.40 in short-term distributions and $.57 in long-term distributions. If the NAV of the fund at the end of the year was $6..
Draw these two supply curves : Now draw a supply curve that represents the combined supply of these two firms
Write a summery about article fed banks spar over gdp data : Write a summery report about the article "Fed Banks Spar Over GDP Data" By Katy Burne, Ben Eisen and Paul Vigna

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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