Average variable cost curves for perfectly competitive firm, Macroeconomics

+44 141 628 6080
[email protected]

Average variable cost curves for perfectly competitive firm

Suppose the short-run marginal and average variable cost curves for a perfectly competitive firm are given by

MC = 20 + 40Q

AVC = 20 + 20Q

a. How many units of output will the firm produce at a price of $100 per unit? Explain how you arrived at your answer and be sure to show all your calculations.

b. At what level of total fixed costs will this firm earn zero economic profit?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Average variable cost curves for perfectly competitive firm

Reference No:- TGS061054

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Macroeconomics

Q : Explain why economists are wrong on issue

The team rather than to the individuals on the team. Write a brief essay that either defends the economists' concern or explain why economists are wrong on this issue.

Q : Foreign currencies and prosper

Discuss why it is often asserted that exporters suffer when their home currencies appreciate in the real terms against foreign currencies and prosper when their home currencies depreciate in real terms.

Q : What problems encountered from implementation of system

Make a case for this type of evaluation based on the informativeness principle. What problems may be encountered from implementation of such a system?

Q : Pension funds of a private company

Discuss the pros and cons of the U.S. Federal Government guaranteeing the pension funds of a private company when it declares bankruptcy. Discuss whether the U.S. Federal Government should guarantee and state your rationale.

Q : Average variable cost curves for perfectly competitive firm

Suppose the short-run marginal and average variable cost curves for a perfectly competitive firm are given by

Q : Contribution plan as a competitive advantage

Evaluate whether or not a company moving away from a defined benefit plan is a good decision. Discuss how an employer can use participation in a defined contribution plan as a competitive advantage.

Q : Find the net present value of investment project

Accrue in the amount of $16 million at the end of each year beginning in three years' time. Find the net present value of this investment project given an interest rate of 9%.

Q : Expression for the magnitude of deadweight loss

Derive an expression for the magnitude of deadweight loss that is a function of the tax rate, the elasticity of demand, quantity and price for an supply curve with an infinite elasticity

Q : Income derived from the public accounting business

Henwood's self-employemtn taxes on the income derived from the public accounting business for 2012. OASDI and HI.

1941823

Questions
Asked

3,689

Active Tutors

1429650

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Average variable cost curves for perfectly competitive firm

Reference No:- TGS061054

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Explain why economists are wrong on issue

Q : Foreign currencies and prosper

Q : What problems encountered from implementation of system

Q : Pension funds of a private company

Q : Average variable cost curves for perfectly competitive firm

Q : Contribution plan as a competitive advantage

Q : Find the net present value of investment project

Q : Expression for the magnitude of deadweight loss

Q : Income derived from the public accounting business

Discuss patient with athsma about use of bronchodilators

Discuss new forms of advertising changing opdps work

Observing and reporting a correctional clients behavior

Discussion about improve patient satisfaction scores

Problem concerning about the risk for stroke

Patient presented with acute-onset abdominal pain

Discuss - male with a history of moderate persistent asthma

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Average variable cost curves for perfectly competitive firm

Reference No:- TGS061054

Recent Questions Asked Macroeconomics

Q : Explain why economists are wrong on issue

Q : Foreign currencies and prosper

Q : What problems encountered from implementation of system

Q : Pension funds of a private company

Q : Average variable cost curves for perfectly competitive firm

Q : Contribution plan as a competitive advantage

Q : Find the net present value of investment project

Q : Expression for the magnitude of deadweight loss

Q : Income derived from the public accounting business

Asked Questions