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

Terms of trade, Terms of Trade: The ratio of average price of a country's e...

Terms of Trade: The ratio of average price of a country's exports, to average price of its imports, is its terms of trade. Theoretically an improvement in a country's terms of trad

Monopolistic competition and oligopoly, Monopolistic Competition and Oligop...

Monopolistic Competition and Oligopoly: It was recognized that most industries exhibit the features of monopolistic competition in real-life. However, it must be pointed out t

PPC, How dose PPC help, illustrate the basic economic problem?

How dose PPC help, illustrate the basic economic problem?

Central problem of economy, explain the central problem of economy with p...

explain the central problem of economy with production possibility curve?

INTERMEDIATE MICRO ECONOMICS, AS STUDENT OF ECONOMICS ELABORATE ON THE KALD...

AS STUDENT OF ECONOMICS ELABORATE ON THE KALDOR-HISCKS COMPENSATION

#production possibility schedule.., #i need more light about it..

#i need more light about it..

Hw, hi, how much does it cost for you guys to write a 5-6 pages on a articl...

hi, how much does it cost for you guys to write a 5-6 pages on a article on supply and demand? However, on the 5-6 pages it wont all be writings..i need a few graphs. i would need

Micro economic theory., What is the problem of central economic

What is the problem of central economic

What do you mean by average product, Average product of a factor is the tot...

Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand

Elasticities of demand, The price of a laptop increases by 20% and there is...

The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.

Write Your Message!

Name

Email id

Message

Verfication Code

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

User Account

All Pages