Managerial economics, economics, Microeconomics

Assignment Help:
Below are the two estimated cost functions. describe what type of data was most likely used to estimate each one and why. Explain which is a short- run function, determine the level of output for which the firm encounters diminishing returns to the variable output; and the output level of minimum average variable cost(AVC). For the long run function, determine the smallest plant size which will minimize cost per unit of output.
a. TC=20,000Q-5000Q +0.0Q
b. TC= 150,000+20,000Q-3500Q+0.05Q

Related Discussions:- Managerial economics, economics

Equilibrium price and equilibrium quantity of cassette, The compact disk pl...

The compact disk player has literally revolutionized the recording industry with its state-of-the-artclarity, sound, durability, and the fact that it costs less than cassette tape

ECON Worksheet, Deadline is 20 Hours... 1. A. Explain how one derives the...

Deadline is 20 Hours... 1. A. Explain how one derives the indifference curves from a 3-dimensional utility function. Draw a graph and explain. Which principle explains the concav

Calculate the annual cost to entire industry from closures, 1.  National Ma...

1.  National Marine Fisheries Service is considering closing a large area of federal waters to fishing in Alaska due to negative interactions of fishing with endangered Steller sea

MR, prove that the utility approach and the indifference curve approach yie...

prove that the utility approach and the indifference curve approach yield the same consumer equilibrium

What is e-commerce, E-COMMERCE ? Electronic commerce or e-commerce refe...

E-COMMERCE ? Electronic commerce or e-commerce refers to a large range of online business actions for  services and  products. It in addition pertains to "any type of  business

Supply and demand, Suppose scientists discover that eating soybeans prevent...

Suppose scientists discover that eating soybeans prevents cancer and heart disease

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

Supply, conditions for an abnormal supply curve

conditions for an abnormal supply curve

Explain how unemployment could be voluntary or involuntary, Explain how une...

Explain how unemployment could be voluntary or involuntary . Start off with a definition of the labour force and then outline the proportion of the labour force which would be

Instant help from economics tutors Environmental economics, Environmental e...

Environmental economics goes back to the 19th century. Economists who research the planet are mainly worried with the idea of externalities, rare organic sources, and with the pro

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