A shirt company spends 1000 per week on rent for its, Ask an Expert

Economics

A shirt company spends $1000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $6 worth of labour and energy. If the factory produces 2000 shirts per week,

a) What is the average cost of the shirt?
b) What is the marginal cost of the shirt?

If the factory produces 3000 shirts per week,

a) What is the average cost of the shirt?
b) What is the marginal cost of the shirt?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939477
Price:- $10

Guranteed 24 Hours Delivery, In Price:- $10

Have any Question?

Related Questions in Microeconomics

Question explain how labour productivity is determined in

Question: Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels. To illustrate your understanding provide an example. Y ...

Question why is it necessary to have an industry

Question: Why is it necessary to have an industry classification systems like NAICS? Would facing the need of learning a system as complex as NAICS discourage you for becoming part of the importing and exporting componen ...

Question suppose you are playing in a championship

Question: Suppose you are playing in a championship basketball game. There are four seconds left in the game and your team is losing by two points. You have the ball and call a time out. You have two choices. You could t ...

Question again our seller starts with demand q 12 - p and

Question: Again our seller starts with demand Q = 12 - P and marginal production costs of $4 per unit. The seller's transaction cost is $1 per unit, and buyers' are $2 per unit. a. Show that profit-maximizing output is 2 ...

Question the discussion answers must be a minimum of 125

Question: The discussion answer(s) must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else. This week we are looking at industr ...

Question you have been asked to calculate the current

Question: You have been asked to calculate the current balance on a loan that involves 5 equal mortgage payments of $200,000 per year (principal and interest), but the interest rate changed on the loan is variable. in ye ...

Question a 250-gallon reactor cost exist7h0000 when it was

Question: A 250-gallon reactor cost exist7H0,000 when it was constructed 20 years ago. What would a 750-gallon model cost today if the power-sizing exponent is 0.56 and the construction cost index for such facilities has ...

Question following are some compounding and discounting

Question: Following are some compounding and discounting problems: a. Say $177 grows to $189 over a year at simple interest, that is, one annual payment and no compounding within the year. What is the implied interest ra ...

Question what is the equivalent uniform annual amount at

Question: What is the equivalent uniform annual amount, at the end of years 3-7, of a uniform series of cash flows of 2,000 during years 2-9. the interest rate is 9% per year. The response must be typed, single spaced, m ...

Question united statespurpose of assignment this assignment

Question: United States: Purpose of Assignment: This assignment addresses how both monetary and fiscal policies have been used during the so-called Great Recession, which began in December 2007 and ended in June 2009, to ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert