Friday
April 18, 2014

Search: firm-level marginal cost and average cost functions

Number of results: 34,095

Finance
Coogly Company is attempting to identify its weighted average cost of capital for the coming year and has hired you to answer some questions they have about the process. They have asked you to present this information in a PowerPoint presentation to the companyís management ...
Sunday, November 13, 2011 at 9:55pm by Mimosa Ash

economics
This is a classic maximize-profits for a monopolist. Always, always, always, maximize where marginal cost (MC) equals marginal revenue (MR). OK, Total Revenue is P*Q. Using your demand equation TR=35Q-.02Q^2. Marginal revenu is the first derivitive of total revenue, so MR=35-....
Tuesday, April 7, 2009 at 2:45pm by economyst

Microeconomics
If a firm has a U-Shaped long-run average cost curve, a.) its fixed cost rises as output rises. b.) it must have increasing returns to scale at low levels or production and decreasing returns to scale at high levels of production. C.) it must have increasing returns to each ...
Monday, October 30, 2006 at 8:47pm by Melissa

Managerial Economics
Please let me know if I am on the right track? a) The firm paid the last hired worker $100 and he produced 10 units. So, cost of producing the last unit (MC) is 100/10 = $10 b) The firm hires 10 workers and pays them $100 each, so Total variable costs are 10*100 = 1000. On ...
Wednesday, November 3, 2010 at 7:48pm by Dede

Financial Management
Coogly Company is attempting to identify its weighted average cost of capital for the coming year and has hired you to answer some questions they have about the process. They have asked you to present this information in a PowerPoint presentation to the companyís management ...
Friday, December 21, 2012 at 8:16pm by Mimosa

Calculus
The marginal cost of a certain commodity is C'(x)= 3x^2 -36x + 120 If it costs 5 dollars to produce 1 unit, then find the total cost of producing x units is... Please how do I find the total cost?
Tuesday, December 13, 2011 at 6:19pm by Anonymous

Management & Economics
a producer of light bulbs claims to have the folllowing production function: Q=10L*G. a) what is the marginal product of labor? or glass? b)Draw the relavant isoquant map and isocost line if the cost of labor is $4 per work-hour and the cost of glass is $4 per pound and 90 ...
Saturday, September 17, 2011 at 4:22pm by Lisel

economics
I really have to figure out the answers to these questions and i dont know where to start. I dont know how to draw the marginal benefit and marginal cost curves for this question. a.Sketch a marginal benefit and marginal cost diagram, with ďbillions of units of security per ...
Friday, September 15, 2006 at 7:09am by G

microeconomics
The marketing division of a firm has measured demand for its product and reports that it is Q = 24 Ė P, where Q is units and P is price per unit in dollars. The cost is given in the table below. Complete the table and determine the profit-maximizing level of output for this ...
Thursday, November 25, 2010 at 6:04am by Emma

Applied Calc
What is the marginal average cost function?
Monday, March 25, 2013 at 11:26am by Jacob

Economics
A PURE MONOPOLIST SELLS OUTPUT FOR $4 PER UNIT. THE MARGINAL COST IS $3, AVERAGE VARIABLE COSTS ARE $3.75, AND AVERAGE TOTAL COSTS ARE $4.25. THE MARGINAL RVENUE IS $3. WHAT IS THE SHORT RUN CONDITION FOR THE MONOPOLIST AND WHAT OUTPUT CHANGES WOULD YOU RECCOMMEND IN THE ...
Sunday, June 1, 2008 at 3:40pm by Marquerite

Social studies
Could you please check these other sets of terms. Here are the terms: scarcity cost benefit analysis marginal revenue needs incentives economy opportunity cost variable costs capitalism marginal cost food, clothing,shelter, and other things required for survival. Answer: needs...
Monday, March 23, 2009 at 9:15pm by Sam

Finance
A firm has an opportunity to invest in a new device that will replace two of the firmís older machines. The new device costs $570,000 and requires an additional outlay of $30,000 to cover installation and shipping. The new device will cause the firm to increase its net working...
Wednesday, February 29, 2012 at 10:11pm by Rachel

economics
The government is trying to adopt a strategy that would optimize the pollution abatement policy of lead in an industrial region. The government estimated the Marginal social benefit curve as MSB=10000-qlead and the marginal cost of abatement as MCA=650+0.25qlead . where qlead ...
Tuesday, November 21, 2006 at 1:36pm by Tinu

Economics (attempted as suggested by economyst)
Dont look at Robert's answers. He got them all wrong. a) The firm paid the last hired worker $60 and he produced 12 units. So, cost of producing the last unit (MC) is 60/12 = $5 b) The firm hires 30 workers and pays them $60 each, so Total variable costs are 30*60 = 1800. On ...
Monday, March 30, 2009 at 5:04pm by economyst

Microeconomics
Diminishing marginal product suggests that: A: Additioanl units of output become less costly as more output is produced. B: Marginal cost is upward-sloping. C: The firm is at full capacity D: All of the above are correcr I am not sure how to answer this one? Would B be the ...
Tuesday, August 19, 2008 at 12:27pm by Gigi

Micro economics
Consider a firm with the following production function: q = (ak+bl)^(1/2) The firm's total costs can be written as C = F + rk + wl 1. Calculate the firm's contingent factor demand. Illustrate it in a graph including the firm's isoquant map 2. Assume that r/w > a/b. Find the...
Tuesday, April 8, 2014 at 7:16am by Rasmus

Finance
Chipís Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 91 percent as high if the price is raised 18 percent. Chipís variable cost per bottle ...
Friday, September 13, 2013 at 12:20pm by MIchelle

Finance
Chipís Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 87 percent as high if the price is raised 17 percent. Chipís variable cost per bottle ...
Friday, September 13, 2013 at 12:20pm by Dave

Economics
21st Century Electronics has discovered a theft problem at its warehouse adn has decided to hire security guards. The firm wants to hire the optimal number of guards. The follwoign table shows how the number of security guards affects the number of radios stolen each week: # ...
Sunday, June 3, 2007 at 6:05pm by Ed

Calculus
I have two problems that I can't figure out for my test review... 1. Productivity: Because a new employee must learn an assigned task, production will increase with time. Suppose that for the average new employee, the rate of performance is given by dN/dt=1/2?(t+1) where N is ...
Tuesday, April 10, 2007 at 8:25pm by Chris

Quadratic Functions in Algebra
Suppose C(x)=x^2−6x+20 represents the costs, in hundreds, to produce x thousand pens. How many pens should be produced to minimize the cost? What is the minimum cost? Number of pens to minimize cost: Minimum Cost:
Tuesday, March 18, 2014 at 1:56am by Jared

finance 571
Chipís Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 85 percent as high if the price is raised 16 percent. Chipís variable cost per bottle ...
Monday, October 7, 2013 at 5:01pm by Anonymous

Economics
A firm with monoply power has the demand curve: P = 100 - 3Q + 4A^1/2 And has the total cost function: C = 4Q^2 + 10Q + A where A is the level of advertising expenditures. P is price, Q is output. How do I find the values of A, Q, and P that maximize the firm's profit?
Saturday, March 1, 2008 at 11:28am by Dan

Math
An electronics firm uses 600 cases of transistors each year. The cost of storing one case for a year is 90 cents, and the ordering fee is $30 per shipment. How many cases should the firm order each time to keep total cost at a minimum, assuming the transistors are used at a ...
Monday, March 19, 2007 at 12:54pm by becky

Calculus
Here's another one that I do not really understand. A company estimates that the cost (in dollars) of producing x units of a certain product isgiven by: C=800 + .04x + .0002x^2. Find the production level that minimizes the average cost per unit.
Sunday, March 29, 2009 at 11:31pm by Jane

Calculus
Here's one more that I do not understand A company estimates that the cost ($) of producing x units of a certain product is given by: C= 800 + .04x + .0002x^2 Find the production level that minimizes the average cost per unit. Thank you so much
Monday, March 30, 2009 at 12:54pm by Jane

economics
there are just certain things that i do not understand about the questions...(i did read A LOT last night and i did not find anything that really answered my questions...To be more specific... suppose a competitive market consists of identical firms with a constant long run ...
Thursday, September 20, 2007 at 11:23pm by michele

Statistics
Prev Up Next (1 pt) Suppose that in the year 2000, the cost of a compact car averaged $ 12600 and that in 2003, the cost averaged $ 14100. Assuming that the relationship between year t and cost c is linear, develop a formula for predicting the average cost of a compact car in ...
Saturday, March 8, 2014 at 5:14pm by Rebecca

q
2. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Sunday, September 12, 2010 at 4:12am by naresh kshirasagar

economics
. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Saturday, September 11, 2010 at 4:01am by teja

economics
2. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Sunday, October 3, 2010 at 9:57am by Bhupendra

engineering
Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Friday, October 8, 2010 at 5:29am by vimal

economics
2. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Wednesday, October 20, 2010 at 1:09am by murrali

economics
1. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Saturday, September 11, 2010 at 4:01am by HARISH

economics
. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Saturday, September 11, 2010 at 4:01am by Anonymous

Algebra
Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can find ...
Monday, January 21, 2008 at 9:23am by Micah

Algebra
2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can ...
Tuesday, July 13, 2010 at 3:43pm by Devon

Economics
Suppose the demand curve for a monopolist is Qd = 500 Ė P, and the marginal revenue function is MR = 500 -2Q. The monopolist has a constant marginal and average total cost of $50 per unit.
Monday, January 17, 2011 at 7:14pm by Michelle

Finance
The target capital structure for QM Industries is 39% common stock 6% is preferred stock, and 55% debt. If the costs of common equity for the firm is 18.2%, and the cost of preferred stock is 9.4%, the before tax cost of debt is 7.5%, and the firms tax rate is 35% what is QMís...
Wednesday, April 18, 2012 at 9:11pm by William

Math 117
2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can ...
Sunday, September 12, 2010 at 7:35pm by linda

Microeconomics
How do changes in average and marginal productivity affaect the cost of production?
Friday, May 22, 2009 at 8:05pm by Susan

fin/370
The target capital structure for Jowers Manufacturing is 51% common stock, 20% preferred stock, and 29% debt. If the cost of common equity for the firm is 20.8%, the cost of preferred stock is 11.8%, and the before tax cost of debt is 10.8%, what is the cost of capital? The ...
Monday, December 24, 2012 at 1:03pm by at

Business Calculus
A manufacturer has found that marginal cost is dc/dx=3x^2-60x+400 dollars per unit when x units have been produced. The total cost of producing the first 2 units is $900. What is the total cost of producing the first 5 units? I would integrate, you are given at x=2 the cost, ...
Sunday, December 3, 2006 at 7:46pm by Lisa

Economics
Assume the demand for beef is given by Qd = 22 + 0.1 Y Ė 10Pb + 5 Pc And the supply of beef is given by: Qs = -400 + 500Pb Ė 200 Pf where Qd denotes quantity of beef demanded, Qs denotes quantity supplied, Pb denotes price, of beef, Y denotes per capita income, Pc denotes the...
Wednesday, May 7, 2008 at 11:13am by Sara

economic
these questions are about T or F As long as the firm has to pay for an input, it would be wasteful not to use all input services purchased, A profit-maximising competitive firm will never produce in region where average variable cost is declining The reson why firms often ...
Friday, October 13, 2006 at 1:06am by sherry

economics
1. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Saturday, September 11, 2010 at 4:01am by rajender pal

economics
1. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Saturday, September 11, 2010 at 4:01am by rajender pal

managerial economics
Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Monday, September 27, 2010 at 11:25pm by snehavalli

manaegerial economics
iven a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes pr
Saturday, October 30, 2010 at 1:28am by amber

finance
the target capital structure for QM industries is 45% common stock, 5% preferred stock and 50% debt. If the cost of common equity for the firm is 18.9%, the cost of preferred stock is 10.7% and the before tax cost of debt is 7.7% and the firm's tax rate is 35% QM's WACC is_____
Sunday, February 9, 2014 at 3:51pm by rebecca

Math
The demand for item A is P=40 -3.5Q The production of A entails the following average variable costs: AVC=1.5Q - 35 Fixed Costs are 24. a) Calculate the revenue maximizing price of A Revenue= PQ Revenue= 40Q-3.5Q^2 Revenue' = 40-7Q Q=40/7 P=40-3.5(40/7) P=20 seems right? b) ...
Monday, January 15, 2007 at 4:03pm by 413

Business Econ
I need my answers checked for this question, thanks. A firm's production function: Q = 100 K^0.5 L^0.5 During the last production period, the firm operated efficiently and used input rates of 100 and 25 for labor and capital respectively. (a) What is the marginal product of ...
Saturday, March 10, 2007 at 12:42am by Bernice

managerial maths
A company is selling product x, which has demand fucntion of p=52-2x and the total cost function of TC=3x^2+2x+10. the marginal revenue and marginal cost functions are; a) MR=52-2X and MC=6x+2 b) MR=52-4x and MC=6x+2 c) MR=52-2X and MC=6x d) MR=52-4x and MC=6x+2
Sunday, September 4, 2011 at 9:04am by thila29

Economics
There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units $20 B 80 units $25 C 50 units $10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...
Monday, October 25, 2010 at 6:53pm by Anonymous

Economics
There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units $20 B 80 units $25 C 50 units $10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...
Monday, October 25, 2010 at 9:22pm by Anonymous

statistics
The Medical Rehabilitation Foundation reports that the average cost of rehabilitation for stroke victims is at least $24,500. To see if the average cost might be different at a particular hospital, a researcher selects a random number sample of 50 stroke victims and finds that...
Tuesday, March 27, 2012 at 1:59pm by Diane

Economics
The firm currently uses 70,000 workers to produce 300,000 units of output per day. The daily wage (per worker) is $100, and the price of the firmís output is $30. The cost of other variable inputs is $500,000 per day. Although you donít know the firmís fixed cost, you know ...
Tuesday, November 18, 2008 at 2:28pm by Vision

micro economics
pb = 70 -0.0005qb(brand name) pp = 20-0.0002qp (private label). Marginal cost is a constant $10 per tire.quantities are measured in thousands per month and price refers to the wholesale price. marginal cost is a constant $10 per tire. american currently sells brand name tires ...
Thursday, February 28, 2008 at 6:42pm by Anonymous

managerial economics
1. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
Sunday, April 11, 2010 at 11:14pm by rajender pal

Finance
Spam Corp. is financed entirely by common stock and has a beta of 1.0. The firm is expected to generate a level, perpetual stream of earnings and dividends. The stock has a price-earnings ratio of 8 and a cost of equity of 12.5%. The company's stock is selling for $50. Now the...
Saturday, March 17, 2012 at 3:06pm by Samantha

Managerial Economics
Auto Maintenance Services (AMS) is a small auto service outlet in a suburban area of Syracuse. In reaction to a small increase in wages that has caused the marginal cost of this auto service establishment to increase from $25 to $30, the owner is considering raising the prices...
Tuesday, November 21, 2006 at 8:28pm by Heather

algebra
s=0 cost =$25 s=1 cost=$41 s=2 cost =$57 s=3 cost=$73 Let s stand for sets of prints ordered. write the RULE that describes a student's total cost.
Sunday, July 1, 2012 at 11:58pm by Shelby

Business Economics
Total cost can be derived by integrating the marginal cost function. I get TC = 9=80Q - (.1/2)Q^2 + (.0001/3)Q^3. Devide by Q to get AVC
Saturday, February 23, 2008 at 12:34am by economyst

college finite math
Find the marginal average cost function: C(x)=10-e^-x
Sunday, November 18, 2012 at 6:24pm by Jenny

economics
For example the productive needs of the firm would be to set (Marginal Revenue = Marginal Costs (MR = MC) and create excess profits for the firm. However, as far as what is in the best interests of society it might be Price or (Average Revenue) = MC. Give the answers of both ...
Saturday, September 3, 2011 at 7:30pm by DD

calc
Suppose the total cost, C(q), of producing a quantity q of a product is given by the equation C(q) = 5000 + 5q The average cost per unit quantity, A(q), equals the total cost, C(q), divided by the quantity produced, q. Find the limiting value of the average cost per unit as q ...
Monday, February 8, 2010 at 8:02pm by kyle

Accounting
Units completed 6000 Units in EWIP 2400 Equivalent units 8400 April cost BWIP(40% complete) 1,120 Materials 10,000 convention cost 4,000 total 15,120 1.) calculate the unit cost for april using the Weighted Average Method 2.) Using the Weighted Average Method Determine the ...
Wednesday, July 22, 2009 at 8:56pm by Alexis

Math
The firm currently uses 70,000 workers to produce 300,000 units of output per day. The daily wage (per worker) is $100, and the price of the firmís output is $30. The cost of other variable inputs is $500,000 per day. Although you donít know the firmís fixed cost, you know ...
Tuesday, November 18, 2008 at 3:10pm by Randy Tan.

Calculus
the cost function C(q) = q3−57q2+1083q+1010 for 0 ≤ q ≤ 50 and a price per unit of $534. Round your answers to the nearest whole number. a) What production level maximizes profit? q = b) What is the total cost at this production level? cost = $ c) What is the...
Wednesday, November 3, 2010 at 12:52am by Erika

Economics
Suppose a firm faces a downward sloping demand curve givven by the equation 1=100-1/3P. The firm's cost function is given by the equation C=30+1/4Q^2. Find the profit maximizing level of output.
Friday, October 19, 2007 at 9:14am by mandy

math correction
is this correct? Marginal Cost of Coffee The manager of a restaurant found that the cost to produce 100 cups of coffee is $11.02, while the cost to produce 400 cups is $40.12. Assume the cost is a linear function of x, the number of cups produced. a. Find a formula for C(x). (...
Friday, May 25, 2007 at 11:52am by mathstudent05

algebra
Cupcakes cost $1.50 each to produce with fixed cost of $50. a) Express the cost C, of producing the cupcakes as a linear function of x cupcakes produced. b)Find the average cost, C=C/x and simplify appropriately. c) What is the horizontal asymptote of C? Interpret. d) Graph C ...
Monday, April 16, 2012 at 8:41pm by Bryan

finance
The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before tax cost of debt is estimated to be 10 percent and the company is in the 40 percent tax ...
Sunday, June 10, 2012 at 4:20pm by sara

Finance
You know that the after-tax cost of debt capital for Bubbles Champagne is 4.1 percent. Assume that the firm has only one issue of five-year bonds outstanding. The bonds make semiannual coupon payments and the marginal tax rate is 30 percent. a. Calculate Pre-tax cost of debt ...
Monday, April 15, 2013 at 11:55am by elh009

Economics (Monopoly Pricing)
A monopolist will produce where marginal cost = marginal revenue. Total revenue is P*Q = s(1-Q)*Q = sQ - sQ^2 Total cost is s^2Q Take the first derivitive (with respect to Q): MR = s - 2sQ MC = s^2 Take it from here, Solve for Q.
Friday, August 22, 2008 at 1:10am by economyst

economic math
pretty easy my friend. i do in my sleep this question. think of shape of 'marginal' cost. It take two characteristics, first characteristic linear increase in price from "second technology alone" to point q=50, then constant value of 100 from "first technology alone". Why? ...
Friday, January 17, 2014 at 2:35pm by sputnik

Calculus
Carla Music Company estimates that the marginal cost of manufacturing its professional series guitar is Cí (x) = .002x + 100 dollars/month when the level of production is x guitars/month. The fixed costs by Carla are $4000 per month. A. Find the total monthly cost incurred by ...
Sunday, November 30, 2008 at 9:02pm by Mel <3

cuyamaca
Eddings Company had a beginning inventory of 400 units of Product XNA at a cost of $8.00 per unit. During the year, purchases were: Feb. 20 600 units at $9 Aug. 12 300 units at $11 May 5 500 units at $10 Dec. 8 200 units at $12 Eddings Company uses a periodic inventory system...
Tuesday, October 19, 2010 at 5:24pm by ali

Economics
The cost function for a firm is given by TC = 500 + Q2. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of $100. a) What price should the manger of this firm put on its product? b) What level of output should be produced ...
Friday, November 20, 2009 at 1:42pm by Special

inventory management decison model
Develop mathematical functions that compute the annual ordering cost and annual holding costs based on average inventory held throughout the year in order to arrive at a model for total cost.
Tuesday, November 8, 2011 at 8:13pm by Anonymous

ALGEBRA 117
2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $1,400 for setup costs and $4.00 to administer each test. a. Write an expression that gives the total cost to test x animals. b. You can ...
Saturday, August 13, 2011 at 3:24pm by LOST

Math word problem
Model average cost is C(x)/x. that is average cost per hundred.
Sunday, November 9, 2008 at 9:59pm by bobpursley

Economics
In a perfect competitive market, industry demand is P = 850 Ė 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a single monopoly firm. There is no change in the ...
Friday, November 20, 2009 at 12:54pm by Special

ECONOMICS
Q2) Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q, calculate the level of output Q which: a) maximizes total revenue b) maximizes profits
Sunday, October 24, 2010 at 2:11pm by Anonymous

Management & Econ
a) Explain why a short run average cost curve only touches the long run average cost curve at one point on the long run average curve. b) Define clearly the concept of returns to scale c)What are the two causes of the region of economics of scale for a long run average cost ...
Saturday, September 17, 2011 at 4:26pm by Lisel

managerial eccon
Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: $3,600. what is the averge variable cost?
Sunday, October 3, 2010 at 6:05pm by stacey

Econ - urgent please help
If one adds a tax ,then the private cost curve moves upward to the social cost curve, but will not cross it ever, it could be colinear. There would not be an optimals solution of attendance, as the marginal revenue would always equal mariginal costs. So the tax to get to this ...
Monday, November 14, 2011 at 7:51am by bobpursley

Economics
Suppose the total output curve increases at an increasing rate for workers 1 to 50, increases at a decreasing rate from workers 51 to 101, and decreases beyond 101 workers. You would know that Choose one answer. a. marginal product is increasing from workers 1 to 50 and then ...
Sunday, September 19, 2010 at 9:45pm by Anonymous

managerial economics
The cost function for a firm is given by TC = 500 + Q2. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of $100. a) What price should the manger of this firm put on its product? b) What level of output should be produced ...
Friday, November 20, 2009 at 2:29pm by bernadette

Microeconomics
Not profit maximizing. At the minimum of the AC curve it must be true that MC=AC. So, MC=$50 and MR =$60. The firm could do better by producing more as the marginal revenue from selling one more unit exceeds the marginal cost of producing that extra unit.
Tuesday, July 7, 2009 at 4:09pm by economyst

Managerial Economics
In a perfect competitive market, industry demand is P = 850 Ė 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a single monopoly firm. There is no change in the ...
Tuesday, November 24, 2009 at 9:02am by Dinish

Economics
4 (ii) You manage Dirt Diggers, an excavating firm that excavates roadside ditches for laying drainpipes. Its output follows the production function: Q = 10L -.1L2 where L denotes labor hours and Q the length of the ditch in meters. You can hire labor at the going wage rate of...
Wednesday, May 25, 2011 at 9:13pm by Michelle

finance
8.The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before-tax cost of debt is estimated to be 10 percent and the company is in the 40 percent tax...
Wednesday, September 12, 2012 at 11:49am by Anonymous

economics
5. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve MC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds $20 per unit and will shut down if the price is less than $...
Monday, October 17, 2011 at 9:10pm by elizabeth

Microeconomics
If a monopoly is producing at an output where its average total cost of production is minimized and equals $50 per unit and marginal revenue equals $60, is the monopoly producing at the profit-maximizing output level? Explain why or why not.
Tuesday, July 7, 2009 at 4:09pm by Marilyn

Economics
Suppose a market with two sellers Seller 1 has a marginal cost of c1=20q1 and seller 2 has a marginal cost of c2=40q2 Find the market supply curve in a competitive market where the price = c1= c2
Thursday, September 30, 2010 at 10:48am by Shane

managerial economics
Suppose a manufacturer estimates its marginal cost at $1.00 per pack, it's own price elasticity at -2, and sets its price at $2.The company's settlement obligations are expected to raise its average total cost per pack by pack by about $.60. What effect will this have on its ...
Monday, December 21, 2009 at 10:52pm by Marie

managerial economics
Lets start with the assumption that the firm, prior to the settlement, was operating at a profit-maximizing level; where Marginal Costs=Marginal Revenues. From the information, the firm must have some monopoly power. it sets a price above MC, and is operating in an elastic ...
Monday, December 21, 2009 at 10:52pm by economyst

accounting
Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a: a) variable cost b) fixed cost c) step - fixed cost d) mixed cost
Sunday, February 23, 2014 at 6:03pm by Morgan

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