Question: 1). STC= 50 + 50q + 100q 2 , is the firms short run total cost curve. What is the minimum average variable cost? 2).

1). STC= 50 + 50q + 100q2, is the firms short run total cost curve. What is the minimum average variable cost?

2). Q=50K3/4L1/4, with this production function what are the returns to scale? Constant, Increasing, or Decreasing?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Details: Please refer to the Allocation PowerPoint slides located in this week's folder for the details of this assignment. Deliverable: Using the attached Excel spreadsheet, schedule half-shafts and...

Q:

2. (20 pt) Consider a firm with the following short run total cost curve: STC (Q) = 60-300 + 15Q2. All fixed costs are non-sunk. a. (1pt) Find average total cost. b. (1pt) Find total fixed cost. c....

Q:

4- Let U(X,Y) = JXY. Let I = $100, Px = $10 and P, = $10 be the initial set ofprices and income. Now, let P,' rise to $25. What are the substitution and income effects of this change in prices? A)...

Q:

Multiple Choice QUESTION 42 A perfectly competitive firm is a: price-taker. price-searcher. cost-maximizer. quantity-taker. QUESTION 43 A perfectly competitive firm is definitely earning an economic...

Q:

6. Lenovo Inc., a resident foreign corporation, has earned the following income during 2X18: Dividend Income from: Microsoft, a non-resident foreign corporation P 500,000 Intel, a resident foreign...

Q:

[s SCC Stude X @ Sign In - s x | Order ID: x D21 Read the X MindTap X MindTap X 12L Homepag X | Mail - Phi X | Dashboar X + X C 26 ng.cengage.com/staticb/ui/evo/index.html?...

Q:

Please this assignment it's due in 2 hours Midnight. Can you please help me with drawing a graph as well. I will appreciate it 6. Deriving the short-run supply curve The following graph plots the...

Q:

$ SCC Student X Sign In - Spa x | Order ID: 66: x | D21. Read the Chi X D21 Login - Spar X 0 Mail - Phillip X MindTap - Ct X *Dashboard X - X 26 ng.cengage.com/staticb/ui/evo/index.html?...

Q:

CENGAGE | MINDTAP Q Search Homework (Ch 14) 6. Deriving the short-run supply curve The following graph plots the marginal cost (MC) curve, average total cost (ATC) curve, and average variable cost...

Q:

Homework (Ch 14) The following graph plots the marginal cost (MC) curve, average total cost (ATC) curve, and average variable cost (AVC) curve for a firm operating in X the competitive market for sun...

Q:

1. Which of the following is a variable cost? a. Interest payments b. Raw materials costs c. Sales taxes d. All of the above are variable costs. 2. The law of decreasing returns can explain the shape...

Q:

The following data represent the number of days absent, x, and the ï¬nal grade, y, for a sample of college students in a general education course at a large state university. (a) Find the...

Q:

At year-end, Snow has cash of $ 16,000, current accounts receivable of $ 90,000, merchandise inventory of $ 45,000, and prepaid expenses totaling $ 5,700. Liabilities of $ 50,000 must be paid next...

Q:

Intellectual property systems presume that the short - term costs of increased information and investment are greater than the long - term benefits. Group of answer choices True False

Q:

Which of the following is not a valid way to pass arguments to a function in C++ Select one: O a. By reference with reference arguments O b. By value O C. By reference with pointer arguments O d. By...

Q:

Which of the following is false for pointer-based strings? Select one: O a. A string may include letters, digits and various special characters (i.e., +, -, * ). O b. String literals are written...

Q:

Assuming the following is the beginning of the constructor definition for class BasePlus- CommissionEmployee which inherits from class Point, BasePlusCommissionEmployee:BasePlusCommissionEmployee(...

Q:

Which of the following is not a kind of inheritance in C++? Select one: a. public b. protected O c. static O d. private

Q:

When deriving a class from a protected base class, the public members of the base class become the protected members of the base class become. and Select one: O a. public, protected Ob. protected,...

Q:

Which level of regional economic integration best describes the new free trade agreement in North America currently referred to as USMCA? Multiple Choice trade union common market free trade area...

Q:

15. Ask yourself the following questions: What do you want to remember from your everyday experiences? These are the experiences that fill most of your life. They may take 9099% of your time. What do...

Q:

What reward will you give yourself when you achieve this?

Q:

11. Now consider the different goals you have for your life in the future. See these goals in relation to your core values and your roles. How do goals affect your roles and your values? Development...