An electronic-parts manufacturer with U-shaped short-run cost curves is producing 10.000 units per month and Khas short-run costs as follows ATC=$9 50, AVC $6.00, AFC =$3 50, MC =$10 20 a. At this level of output, has the firm started experiencing diminishing marginal and average returns? How do you know? At this level of output, the firm marginal returns correspond to to is greater than started experiencing diminishing marginal and average returns. Diminishing and diminishing average returns correspond Since the firm has U-shaped cost curves and since both of these costs must be

An electronic-parts manufacturer with U-shaped short-run cost curves is producing 10.000 units per month and Khas short-run costs as follows ATC=$9 50, AVC $6.00, AFC =$3 50, MC =$10 20 a. At this level of output, has the firm started experiencing diminishing marginal and average returns? How do you know? At this level of output, the firm marginal returns correspond to to is greater than started experiencing diminishing marginal and average returns. Diminishing and diminishing average returns correspond Since the firm has U-shaped cost curves and since both of these costs must be

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The table below describes the hourly cost Sam faces as he washes more cars. Sam's Car Wash Costs Cars Washed per Hour Total Cost (dollars) Marginal Cost (dollars) 1 $2 $2 2 4 3 12 4 8 5 10 6 42 Instructions: Enter your answers as a whole number. Complete the missing values in the table.
Do AC and AVC intersects each other?
What is the most favorable point to exhaust the minimum cost of a producer? Select one: a. indifference curve is tangent to budget line b. AC is minimum c. AFC is minimum d. isoquant is tangent to isocost
What are ways the profit arises in the changeable/dynamic word ? Comment
Question 8 page 28 Janet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer were for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Janet sells 25 paintings per year at a price of $8,000 each: a. What are her accounting profits? Show your steps leading to your answer b. What are her economic profits? Show your work!
Give typing answer with explanation and conclusion
Only typed answer and don't use chat gpt
1. How does fixed cost affect marginal cost? Why is this relationship important? 2. Is it possible for total utility to increase while marginal utility diminishes? Explain. 3. Define economies of scale and explain why they might arise. Define disecononies of scale and explain why they might arise.
Refer to the table below. How will the marginal cost curve look like if you draw it? Units of Output Total Cost 10 20 20 40 30 60 40 80 50 100 60 120 Select one: a. upward sloping b. downward sloping c. horizontal d. vertical
Explanation it correctly.
Explain Marginal cost (MC)?
I need the answer as soon as possible