Calculate the mc function and fixed cost, Microeconomics

Assignment Help:

(i). A firm's costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6.

(ii). The following are estimates of TC and AC function for various firms. Calculate the MC function in each case and say whether, or under what conditions, the MC function is economically meaningful.

(a). AC = 20/Q + 3 + 0.5Q

(b). AC - 2 = 100/Q + 0.2Q2 = Q3

(c). TC - 100 - 2Q  + 2Q2 = Q3

(d). A.AC = a + bQ - cQ2 + gQ3

Where a, b and c are constants.

Given the MC when Q = 4 for (a), (b) and (c).

 


Related Discussions:- Calculate the mc function and fixed cost

Market supply, #quUse a graphical illustration to describe briefly what the...

#quUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women

Oxidation, what is oxidizing agent

what is oxidizing agent

What is framework in the modern economics, What is framework in the Modern ...

What is framework in the Modern Economics? Framework in the Modern Economics: The framework is a framework which uses to deal along with daily activities and is utilized to

Elasticity of demand, "Assume the local fixed telecommunications company is...

"Assume the local fixed telecommunications company is a monopoly. It costs the company €2 per month to give voice messages service to a customer. Elasticity of demand for voice mes

Consumer choice, Consumer Choice   * Consumers choose a combination of g...

Consumer Choice   * Consumers choose a combination of goods which will maximize satisfaction they can attain, given the some degree of budget available to them. * The maximiz

Consumer surplus, I purchase a used stove for $155 when I was willing to pa...

I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus

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