What is the average variable cost, Microeconomics

+44 141 628 6080
[email protected]

What is the average variable cost

Suppose that the firm's only varible input is labor. When 50 workers are used, the average product labor is 50 and the marginal product of labor is 75. the wage rate is $80 and the total cost of the fixed input is $500.

What is the average variable cost
what is the marginal cost
what is the average total cost

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the average variable cost

Reference No:- TGS067473

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : What is the formal definition of economics

Explain the relationship between price elasticity and total revenue? How does price elasticity of demand affect a firm's pricing decisions? How does the availability of substitutes affect the price elasticity of demand? Provide examples. What is t

Q : Compute the loss reportable by bill

Tax Inc.'s liabilities at the end of 2004 included $100,000 of accounts payable, $150,000 of mortgages payable, and a $20,000 note owned to Bill. Each owner has a $40,000 adjusted basis for his stock on January 1, 2004. Compute the loss reportable

Q : Calculate the investment''s expected return

Carter Inc. is evaluating a security. One-year Treasury bills are currently paying 9.1 percent. Calculate the investment's expected return and its standard deviation. Should Carter invest in this security?

Q : Each test in determining knowledge

How is each type of assessment scored?Discuss the value and limitations of each test in determining knowledge.

Q : What is the average variable cost

Suppose that the firm's only varible input is labor. When 50 workers are used, the average product labor is 50 and the marginal product of labor is 75. What is the average variable cost?

Q : Compute the amount of wiley''s net income for the month

Wiley Company had total revenues of $300,000 for a recent month. During the month the company incurred operating expenses of $205,000 and purchased land for $45,000.

Q : Controlled groups total taxable income

Corporation Y has taxable income of $80,000 for the current year. What is corporation Y's income tax liability if the controlled group's total taxable income is $97,000?

Q : Myenteric and meissner plexus

Disease involves the absence of both the Myenteric and Meissner Plexus. It's caused by failure of kranio-caudal migration of embryo ganglion cells in intestine during week 5 to week 12,

Q : Explain what happens to the growth rate of output

Suppose nominal money growth equals 3% and inflation equals 5%. Given this information, explain what happens to the growth rate of output.

1930548

Questions
Asked

3,689

Active Tutors

1421704

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: What is the average variable cost

Reference No:- TGS067473

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is the formal definition of economics

Q : Compute the loss reportable by bill

Q : Calculate the investment''s expected return

Q : Each test in determining knowledge

Q : What is the average variable cost

Q : Compute the amount of wiley''s net income for the month

Q : Controlled groups total taxable income

Q : Myenteric and meissner plexus

Q : Explain what happens to the growth rate of output

Discuss social worker working with foster children

Problem concerning consensual sexual relationship

Discuss children diagnosed with developmental disabilities

Discussion about gender stereotyping

How do you define being an adult

Is lifespan psychologists are unlikely to investigate

What is a behavioral indicator related to family

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the average variable cost

Reference No:- TGS067473

Recent Questions Asked Microeconomics

Q : What is the formal definition of economics

Q : Compute the loss reportable by bill

Q : Calculate the investment''s expected return

Q : Each test in determining knowledge

Q : What is the average variable cost

Q : Compute the amount of wiley''s net income for the month

Q : Controlled groups total taxable income

Q : Myenteric and meissner plexus

Q : Explain what happens to the growth rate of output

Asked Questions