Ask Question, Ask an Expert


Ask Microeconomics Expert

Your cousin Zenzo owns a painting company with fixed costs of P200 and the following schedule for variable costs:

1 2 3 4 5 6 7
Variable costs P10 P20 P40 P80 P70 P65 P64

find out average fixed cost, average variable cost, and average total, marginal cost for each quantity. What is the efficient scale of the painting company if one house costs P300 to be painted? (Hint: find total revenue first then answer my problem)

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M947951

Have any Question? 

Related Questions in Microeconomics

Assignment key concepts of economicswrite a three to four

Assignment: Key Concepts of Economics Write a three to four page paper in which you: 1. Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must de ...

Brainy brian eco discussiondiscussion topic is the lost

Brainy Brian ECO discussion Discussion topic is The Lost Decade: Needs to be 150-250 words and one or two citations. No cover page is needed Aggregate expenditure is the total amount of spending in the economy that deter ...

Microeconomics - price floorassignmentin a perfectly

Microeconomics - Price Floor Assignment In a perfectly competitive market, the equilibrium price and quantity represent the most efficient operation of that market. Optimum efficiency means that sellers cannot be made be ...

Discussion questionon the surface hinduism appears

Discussion Question On the surface, Hinduism appears radically different from Abrahamic religions like Islam and Judaism. However, Hindu teachings state that there is a single divine essence in the universe. Consider too ...

Long-term investment and cost-benefit analysis please

Long-Term Investment and Cost-Benefit Analysis" Please respond to the following: From the scenario for Katrina's Candies, suggest one method in which Herb could use a cost-benefit analysis to argue for or against an expa ...

Social institutions assignmentpreparation review the

Social Institutions Assignment Preparation: Review the module five reading/lectures Homework Activity: Consider the ways in which the major social institutions explored in this module affect the process of socialization. ...

Prepare 100 words summary for class discussioncreative

Prepare 100 words summary for class discussion Creative Destruction by W. Michael Cox and Richard Alm Joseph Schumpeter (1883-1950) coined the seemingly paradoxical term "creative destruction," and generations of economi ...

Microeconomicsassignment capitalism and the us economyin a

Microeconomics Assignment: Capitalism and the U.S. Economy In a command or planned economy, the government, not the market, regulates the factors of production and economic activities considered essential to the function ...

1what is the connection between economic and environmental

1. What is the connection between economic and environmental shocks (e.g. global events, wars, commodity price fluctuations) and changes in money and banking strategy? Highlight specific examples. THESE ARE THE INSTRUCTI ...

Assignmentterm projectfor this course you will assume the

Assignment TERM PROJECT For this course, you will assume the role of a manager or legal advisor and create a PowerPoint presentation for an organizational employee meeting. The subject of the presentation will be complia ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate