Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

A firm in a purely competitve industry is currently producing 1000 units per day at a total of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275. What are the firm's ATC per unit at these three levels of production?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M959502

Have any Question?


Related Questions in Microeconomics

Question also during the 1990s the ratio of capital

Question: Also during the 1990s, the ratio of capital spending to GDP rose, while the personal saving rate declined almost to zero. The profit ratio did not rise very much; hence almost the entire increase in saving came ...

Question suppose the risk-free rate 007 and a security with

Question: Suppose the risk-free rate 0.07 and a security with a beta of +1 has an equilibrium expected rate of return of 0.06. What is the equity market premium? The response must be typed, single spaced, must be in time ...

Assignment consumer demand analysis and estimation applied

Assignment: Consumer Demand Analysis and Estimation Applied Problems Please complete the following two applied problems: Problem 1: Patricia is researching venues for a restaurant business. She is evaluating three major ...

Question the marginal utility of the last unit of apples

Question: The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent wi ...

Question rent controls that are set below market

Question: Rent controls that are set below market equilibrium prices can help ensure that poorer people will be able to obtain living space on reasonable terms. Does this make sense? The response must be typed, single sp ...

Question in may 2018 the us unemployment rate fell to 38

Question: In May 2018, the U.S. unemployment rate fell to 3.8 percent, its lowest level in 18 years. An unemployment rate this low is often viewed as being very good for the economy, so explain how this low unemployment ...

Question the total assets at the beginning of the year for

Question: The total assets at the beginning of the year for company XYZ was $60,000 and total liabilities of $40,000. During the year the business recorded $100,000 in revenues, $55,000 in expenses, and dividends of $10, ...

Question describe three key inputs or factors of production

Question: Describe three key inputs (or factors of production) and fixed and variable costs involved in the production of your chosen product or service. Analyze the factors that impact your choice of inputs to produce t ...

Question adult iq scores have a bell-shaped distribution

Question: Adult IQ scores have a bell-shaped distribution with mean of 100 and a standard deviation of 15. Use the Empirical Rule to find the percentage of adults with scores between 70 and 130 If 250 adults are randomly ...

Question joe is graduating from college and is currently

Question: Joe is graduating from college and is currently faced with a decision of choosing between two competing job offers for the same position from equally reputable companies. The jobs are in two different cities A ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved