Suppose a fiem's total variable costs are given by TVC (g) -3 g, and it has a fixed cost of 787 of which 507 is avoaidable, We want to find the firms Bupply. Lets first find the minimum of the average variable and avoidable costs. This will alow us to find the price below which the firm wil not produce. Remember for decisionmaking only the avoidable fixed cost matter. This occurs are qe The price at which the firm just breaks even is P The fem's supply, hen is q A for PS E nd for P> 固助 Please give the supply in terme of upper case P and please une tractions.

Suppose a fiem's total variable costs are given by TVC (g) -3 g, and it has a fixed cost of 787 of which 507 is avoaidable, We want to find the firms Bupply. Lets first find the minimum of the average variable and avoidable costs. This will alow us to find the price below which the firm wil not produce. Remember for decisionmaking only the avoidable fixed cost matter. This occurs are qe The price at which the firm just breaks even is P The fem's supply, hen is q A for PS E nd for P> 固助 Please give the supply in terme of upper case P and please une tractions.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 14 Suppose a busness owner operates her business out of a building that she owns. Also assume that there are ho malntenance or utlity costs associated with the building This means that it is costless for the business owner to use the buildng to operate the business O True O False QUESTION 15 if the 15th unit of output has a marginal cost of s29.50 and the average total cost of producing 14 units of output is 3021 what will happen to the average total cost is the 15th unit is produced? O Average Total Cost will fal. O Average Total Cost will increase O Average Totual Cost could increase or decrease deperiding on whar happets to variable cost O Average Total Cost could inorease or decrease depending.on what happens to fed cost
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