Calculate long-run average cost for firm for output level, Microeconomics

+44 141 628 6080
[email protected]

Calculate long-run average cost for firm for output level

Consider the following table of long-run total cost for three different firms:

Quantity 1 2 3 4 5 6 7
Firm A $60 $70 $80 $90 $100 $110 $120
Firm B 11 24 39 56 75 96 119
Firm C 21 34 49 66 85 106 129

a. Calculate long-run average cost for each firm for each output level.

b. Does each of these firms experience economies of scale or diseconomies of scale?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate long-run average cost for firm for output level

Reference No:- TGS068155

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Relationship in marginal-cost curve and average-total-cost

Graph all three curves. What is the relationship between the marginal-cost curve and the average-total-cost curve? Between the marginal-cost curve and average-variable-cost curve? Explain.

Q : Compute the company''s return on investment

Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover.

Q : Credit to record the collection was made to unearned fees

On March 31, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What is the adjusting entry that should be recorded by Melanie Publishing Company on

Q : What does this information mean to the accountant

if the columns of the income statement show the debits are equal to 56,899 and the credits are 60,333. What does this information mean to the accountant?

Q : Calculate long-run average cost for firm for output level

Consider the following table of long-run total cost for three different firms: Calculate long-run average cost for each firm for each output level.

Q : In the early minutes of an activity what provides the majori

In the early minutes of an activity what provides the majority of energy the muscles use to go into action.

Q : Protestants and catholics and great britain

what was a great tension between proteastents and catholics and great britian during the 1600's

Q : Post combination consolidated balance sheet

If Amie's net identifiable assets had a fair value of $500,000 at July 1, 2012, how much goodwill should Prairie report in its post combination consolidated balance sheet?

Q : Find tsb and tsc associated with abatement standard

Find the TSB and TSC associated with an abatement standard of 30. Based solely on the relative values of TSB and TSV, can you state definitively whether this abatement level is efficient? Explain.

1929029

Questions
Asked

3,689

Active Tutors

1422420

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate long-run average cost for firm for output level

Reference No:- TGS068155

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Relationship in marginal-cost curve and average-total-cost

Q : Compute the company''s return on investment

Q : Credit to record the collection was made to unearned fees

Q : What does this information mean to the accountant

Q : Calculate long-run average cost for firm for output level

Q : In the early minutes of an activity what provides the majori

Q : Protestants and catholics and great britain

Q : Post combination consolidated balance sheet

Q : Find tsb and tsc associated with abatement standard

Discuss social worker working with foster children

Identify a specific theory of cognitive or moral development

Describe some of your personality traits

Discuss three ethical guidelines that are important

Discuss children diagnosed with developmental disabilities

How ensure that the youth understand what study involves

How teenagers in an impoverished urban area spend their time

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate long-run average cost for firm for output level

Reference No:- TGS068155

Recent Questions Asked Microeconomics

Q : Relationship in marginal-cost curve and average-total-cost

Q : Compute the company''s return on investment

Q : Credit to record the collection was made to unearned fees

Q : What does this information mean to the accountant

Q : Calculate long-run average cost for firm for output level

Q : In the early minutes of an activity what provides the majori

Q : Protestants and catholics and great britain

Q : Post combination consolidated balance sheet

Q : Find tsb and tsc associated with abatement standard

Asked Questions