Solved: Suppose that the total short-run cost function of a firm is, Microeconomics

+44 141 628 6080
[email protected]

Suppose that the total short-run cost function of a firm is

Suppose that the total short-run cost function of a firm is given by TC = 200 + 20Q, where TC is the total cost and Q is the total quantity of output.

a. What is the firm"s fixed cost?

b. If the firm produces 100 units, what is its average total cost and average variable cost?

c. What is the marginal cost per unit produced if the firm is currently producing 100 units and decides to produce one additional unit?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Suppose that the total short-run cost function of a firm is

Reference No:- TGS0637643

Now Priced at $15 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : An allied northern preferred stock pays a 384 annual

An Allied Northern preferred stock pays a $3.84 annual dividend. What is the value of the stock to an investor who requires a 9.5% return?

Q : The siphon crown is 12m above the water surface elevation

The siphon crown is 1.2m above the water surface elevation of the reservoir and a length of 10m away from the siphon entrance. If the siphon diameter is 30 cm, the friction factor is 0.2, and the head loss coefficients are 0.2 inlet and 0.1 exit,

Q : Rank the following solvents in order of increasing polarity

Rank the following solvents in order of increasing polarity: Acetone, Petroleum ether, methanol, ethanol, dichloromethane

Q : A spillway carries a discharge of 225 m3sec with the outlet

A spillway carries a discharge of 22.5 m^3/sec with the outlet velocity of 15 m/sec at a depth of 0.2m. Select an adequate USBR stilling basin and determine the sequent depth, the length of the hydraulic jump and energy loss.

Q : Suppose that the total short-run cost function of a firm is

Suppose that the total short-run cost function of a firm is given by TC = 200 + 20Q, where TC is the total cost and Q is the total quantity of output.

Q : The design discharge is 95 m3sec and the inlet will be

The design discharge is 9.5 m^3/sec and the inlet will be submerged but not the outlet. Determine the depth that will result upstream (above the invert) during the design flood event.

Q : Suppose that itcs degree of combined leverage dcl is 300 at

Suppose that ITC's degree of combined leverage (DCL) is 3.00 at a sales volume of $9 million. Determine ITC's percentage change in earnings per share (EPS) if forecasted sales increase by 20 percent to $10,800,000.

Q : Local performers are gradually loosing in the competition

Local performers are gradually loosing in the competition with recognized international bands, and Serida’s income decreases to $50 while prices are the same as before. What is the equation of this new budget line? How does it compare to the bu

Q : How much should a pack of cigarettes

How much should a pack of cigarettes cost?

1960514

Questions
Asked

3,689

Active Tutors

1451047

Questions
Answered

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

ask Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Suppose that the total short-run cost function of a firm is

Reference No:- TGS0637643

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : An allied northern preferred stock pays a 384 annual

Q : The siphon crown is 12m above the water surface elevation

Q : Rank the following solvents in order of increasing polarity

Q : A spillway carries a discharge of 225 m3sec with the outlet

Q : Suppose that the total short-run cost function of a firm is

Q : The design discharge is 95 m3sec and the inlet will be

Q : Suppose that itcs degree of combined leverage dcl is 300 at

Q : Local performers are gradually loosing in the competition

Q : How much should a pack of cigarettes

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Solution Preview :

Prepared by a verified Expert

Microeconomics: Suppose that the total short-run cost function of a firm is

Reference No:- TGS0637643

Recent Questions Asked Microeconomics

Q : An allied northern preferred stock pays a 384 annual

Q : The siphon crown is 12m above the water surface elevation

Q : Rank the following solvents in order of increasing polarity

Q : A spillway carries a discharge of 225 m3sec with the outlet

Q : Suppose that the total short-run cost function of a firm is

Q : The design discharge is 95 m3sec and the inlet will be

Q : Suppose that itcs degree of combined leverage dcl is 300 at

Q : Local performers are gradually loosing in the competition

Q : How much should a pack of cigarettes

Asked Questions