If the price of berries is 60 how many berries should hack, Econometrics

+44 141 628 6080
[email protected]

If the price of berries is 60 how many berries should hack

Hack's Berries faces a short-run total cost of production given by TC = Q³ - 12Q² + 100Q + 1,000.

a. What is the level of Hack's fixed cost?

b. What is Hack's short-run average variable cost of producing berries? (Express AVC as a function of Q.)

c. If the price of berries is $60, how many berries should Hack produce? How do you know? [Hint: You may want to carefully graph the AVC function you derived in part (b).]

d. If the price of berries is $73, should Hack be producing berries? Explain.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: If the price of berries is 60 how many berries should hack

Reference No:- TGS01737592

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss social worker working with foster children

You are a social worker working with foster children. You are making a home visit to Katie, age nine, and her foster family.

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

Is early food experiences can impact development

Early food experiences can impact development over several learning domains, including Social and Emotional Development, Language

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Discussion about the nature versus nurture

In our readings, we learn more about the nature versus nurture argument. For this discussion, I want you to go in depth a bit more and debate the importance

Provide reasons why working from a person centred

Provide five (5) reasons why working from a person centred, strengths-based positive framework, and providing positive lifestyle strategies can reduce

Request for Solution File

Ask an Expert for Answer!!

Econometrics: If the price of berries is 60 how many berries should hack

Reference No:- TGS01737592

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : What happens to the potato growers profit as a result of

Q : Should the company resume its international expansion and

Q : For this assignmentnbspyou will read a case and answer a

Q : Describe the differences between a classic hotel and a

Q : If the price of berries is 60 how many berries should hack

Q : Select one 1 developing country and discuss the fundamental

Q : Discuss your ideas for this type of program what does it

Q : You will be responsible for ensuring that inspections and

Q : 1 discuss the relative importance of the marketing research