It costs a company 35000 to produce 700 graphing, Microeconomics

+44 141 628 6080
[email protected]

It costs a company 35000 to produce 700 graphing

Question: It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070 if it produces an additional graphing calculator. The company is currently producing 700 graphing calculators.

(i) What is the company's average cost?

(ii) What is the company's marginal cost?

(iii) A customer is willing to pay $60 for the 701th calculator. Should the company produce and sell it? (YES/NO). Explain.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: It costs a company 35000 to produce 700 graphing

Reference No:- TGS02944787

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

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

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

Is early food experiences can impact development

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

Is lifespan psychologists are unlikely to investigate

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

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: It costs a company 35000 to produce 700 graphing

Reference No:- TGS02944787

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : The country of puglia produces and consumes two products

Q : What is the binary representation of the decimal number

Q : Research studies often compare variables conditions times

Q : Identify and evaluate at least three considerations that

Q : It costs a company 35000 to produce 700 graphing

Q : Cost shifting occurs when a provider responds to low

Q : Distinguish between bilateral and unilateral contracts and

Q : Biodiversity refers to the variety of living organisms

Q : In the construction of an aqueduct to expand the water