What is the minimum price at which the firm would be, Ask an Expert

Economics

A competitive firm has total cost function c(y)=5y^2+1,125.

a) calculate the firms marginal and average cost functions.

b) Draw the marginal and average cost functions on a graph.

c) What is the minimum price at which the firm would be willing to supply a positive amount of output in the short run? Label this on your graph.

d) Write down the firm's short run supply function.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9446687

Have any Question?Write your Review or question?

Related Questions in Business Economics

A sample of 100 randomly selected students found that the

A sample of 100 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.68. What is the Standard Deviation of the sampling distribution?

As a single parent earning on a limited income how can you

As a single parent earning on a limited income, how can you stretch your grocery dollar to plan nutritious meals for you and your children? Would you seek the assistance of federal programs?

What does the term the ten principles of economics and how

What does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?

The standard deviation of the number of video game as

The standard deviation of the number of video game A's outcomes is 1.8940, while the standard deviation of the number of video game B's outcomes is 1.6179. Which game would you be likely to choose if you wanted players t ...

Are there manufacturers and retailers who have taken steps

Are there manufacturers and retailers who have taken steps to reduce their pollution impact, both air quality and industrial pollution, while maintaining a viable place in the market?

What effect does the teacher have on creating a learning

What effect does the teacher have on creating a learning environment with little to no behavior problems?

With smaller companies saving thousands and larger

With smaller companies saving thousands and larger companies saving billions through flexible manufacturing, if you are a discrete parts manufacturer seeking to be more lean, it is important to consider whether this migh ...

A video movie store owner finds that 30 of the customers

A video movie store owner finds that 30% of the customers entering the store ask an assistant for help and that 20% of the customers make a purchase before leaving. It is also found that 15% of all customers both ask for ...

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

Wendys fast-food restaurant sells hamburgers and chicken

Wendy's fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday, the demand for hamburgers is normally distributed with a mean of 500 and standard deviation of 90 and the demand for chicken san ...

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 Business Economics Expert