Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Assume that the manager of the firm operating in a perfectly competitive market has estimated the average variable cost function to be:

AVC = 4.0 – 0.0024Q + 0.000006Q2

Fixed costs are $500.

The marginal cost function is:

i) MC = 4.0 – 0.0048Q + 0.000018Q2

ii) MC = 4.0 – 0.0012Q + 0.000002Q2

iii) MC = 4.0Q – 0.0024Q2 + 0.000012Q3

iv) MC = 4.0 – 0.0048Q + 0.000012Q2

v) None of the above

Additional Requirements:

Min Pages: 1

Level of Detail: Show all work

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M914034

Have any Question? 


Related Questions in Macroeconomics

Use the concepts of i substitutes in production versus pure

Use the concepts of (i) substitutes in production versus pure complements in production and of (ii) gross substitutes versus gross complements to assess the likely impact of the rapid decline in the price of computers an ...

Assume the reserve requirement is 16 if the fed increases

Assume the reserve requirement is 16%. If the Fed increases reserves by $20 billion, what is the total increase in the money supply?

A sudden and sharp increase in gas prices will have what

A sudden and sharp increase in gas prices will have what impact on the market for the following (be sure to discuss both supply and demand): Large gas guzzling vehicles. Small fuel-efficient cars. Research on alternative ...

Money and the prices in the long run and open

Money and the Prices in the Long Run and Open Economies Develop a 2,100-word economic outlook forecast that includes the following: Analyze the history of changes in GDP, savings, investment, real interest rates, and une ...

Say that in year 1 both k and l have values of 1 while in

Say that in year 1 both K and L have values of 1 while in year 10 K has a value of 1.35 and L has a value of 1.1. What is the annual rate of change for k (note the lower case)?

You live in a small town with only one grocery store the

You live in a small town with only one grocery store. The demand curve for food in your town is given by -1/5Q. the grocery store has a total curve given by TC = 50 + 1.25Q A) What is the profit maximizing price and quan ...

You have been asked to assist your organizations marketing

You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following: • The impact the theory of consu ...

When the money supply increases it could lead to various

When the money supply increases, it could lead to various effects upon the demand for and supply of loanable funds, and thus the market interest rate. Which effect is consistent with an  increase  in demand for loanable ...

When a consumer of pasties p and beer b is maximizing

When a consumer of pasties (P) and beer (B) is maximizing utility, what condition must be met to ensure utility has been maximized by the mix of pasties and beer chosen? How does this condition relate to a similar condit ...

Need the answer in 150 wordswhat is currency overshooting

Need the answer in 150 words. What is currency overshooting? Using an example of a permanent decrease in money supply, explain with the help of graphs, how the money market and forex market respond to the change in the s ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen