assignment, Economics, Microeconomics

Assignment Help:
Ali Pizza’s production function is shown in the table above. Ali currently operates
Plant2. He hires workers at a wage rate of $50 a day and his total fixed cost is $150.
a) Calculate Ali Pizza’s total variable cost and total cost for each output level. (5 marks)
b) Calculate the marginal costs. (5 marks)
c) Calculate the average fixed costs, average variable costs, and average total costs.
(5 marks)
d) Suppose that total fixed cost increases to $200. Explain what changes occur in the costs.

Related Discussions:- assignment, Economics

Cost, explain the traditional theory of cost with suitable diagrams.explain...

explain the traditional theory of cost with suitable diagrams.explain why LAC curve is not U shaped?

Time serie, uses of time series in indian economy

uses of time series in indian economy

Productivity side of indian industries, Is indian companies running arisk b...

Is indian companies running arisk by not giving attention to cost cutting

Land resources , Normal 0 false false false EN-IN X-N...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Revealed preference theory, Comparison of sameulson revealed preference the...

Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru

What is hyper inflation, What is hyper inflation? How it can be reduced?  ...

What is hyper inflation? How it can be reduced?   Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th

Transition economies, Former communist economies which is, with varying deg...

Former communist economies which is, with varying degrees of enthusiasm and have embraced CAPITALISM.

Cropping pattern over time, Cropping Pattern Over Time: The dominance ...

Cropping Pattern Over Time: The dominance of food crops and among food crops that of rice and wheat only states the existing cropping patterns. It is important to study the tr

Variable and total cost curve , Variable and Total cost curve    ...

Variable and Total cost curve    * Consequently (from the table which is given): - MC initially decreases with increasing returns  0 through 4 units of output

Explain how a city council might help to decrease traffic, Use a supply and...

Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends. pointing out that demand happens d

Write Your Message!

Captcha
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