Calculate the short run average fixed costs
Output Short Run Average Variable Costs
5 34010 30015 28020 30025 38030 580If the firm has fixed costs of $900, calculate the short run average fixed costs, average total costs, total cost, and marginal cost.!
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Explain any two causes of economies of scale or diseconomies of scale. How is the U shape of the long run ATC different from the U shape of the short run ATC?
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Use the given data of a firm's total cost schedules to calculate its average variable cost, average fixed cost, average total cost, and marginal cost schedules.
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If the firm has fixed costs of $900, calculate the short run average fixed costs, average total costs, total cost, and marginal cost.!
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Under what circumstances would it be economically efficient for this clinic to use more R.N.s and fewer M.D.s (given (MPmd>MPrn)? Explain?
Q1. Determine the firm's optimal output and price Q2. The night supervisor believes that keeping QopyQat open for two more hours in the evening would substantially increase volume.
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