Suppose Alpha Corporation's daily cost function is Its marginal cost is What is its efficient scale of

Question:

Suppose Alpha Corporation's daily cost function is

Its marginal cost is

What is its efficient scale of production? What is its minimum average cost?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

See More Books

Question Posted: Mar 18, 2016 04:46 AM

See More Questions

Suppose that Dan's Pizza Company in Worked-Out Problem 8.6 (page 271) instead has an avoidable fixed cost of $720 per day. What is his efficient scale of production? What is its minimum average cost?
Suppose Alpha Corporation's daily cost function is a. What is its efficient scale of production? b. What is its minimum average cost? Q1 100, 000 Q-5000+2Q
Refer to the cost curve in the following exhibit: a. What is the lowest level of output at which the efficient scale of production is reached in the long run? b. In the short run described by SRATC,...
A- Farah Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product which it sells at $132.7 per unit...
How are costs of various overhead resources allocated to products, services, or customers in an ABC system?
Which one or more of the following would you report as a liability on a Statement of financial position? (a) Redeemable preference shares (b) Retained earnings (c) Dividend declared (d) Loan notes w...
Compare the field work in social media research to traditional field work.
M F F F F M F F M M M F F F F F Use the given sequence to determine the values of n1 n2, the number of runs G, and the 5% cutoff values from Table A-10.
Essay about Singapore profiles such as GDP per person and GDP per capita growth rate and how to interpret them? and include brief about the Singapore economics.
As a manufacturer of athletic shoes whose image, indeed performance, is widely regarded as socially responsible, you find your costs increasing. Traditionally, your athletic shoes have been made in...
Suppose that in Worked-Out Problem 8.4 (page 261) Noah and Naomi want to produce 200 garden benches per week. What would be the best assignment to output to their two plants?
Suppose that in Worked-Out Problem 8.4 (page 261), the cost function at plant 2 was and the marginal cost at the plant was . What would be the best assignment of output between the two plants? C(Q2)...
Prove the results in equation (15.1), (15.2), and (15.3) using the portfolios indicated.
In 2015, an outbreak of Avian Flu decreased the quantity of eggs produced by 18 percent. A shortage of eggs was avoided by a rise in their wholesale price from $1.34 to $2.40 per dozen. a. If the...
List and comment on the advantages and disadvantages of both full and partial storage systems.
Mitsubishi to Close U.S. Auto Plant Mitsubishi Motors will close its production plant in Normal, Illinois. Dwindling sales in North America have brought a loss in the region of $200 million in the...
In a decision over Samsungs use of iPhone design elements, the Supreme Court gave Samsung a chance to recover some of the nearly $400 million it had previously been ordered to pay Apple. a. If...
General Motors will temporarily idle five U.S. assembly plants that build sedans and coupes, such as the Chevrolet Cruze, Cadillac CTS, and Chevy Camaro, as American motorists by the millions shift...
In Exercises find an equation of the line that is tangent to the graph of and parallel to the given line. Function f(x) = x Line 3x = y + 1 = 0
Could a set of three vectors in span all of? Explain. What about n vectors in when n is less than m? R4
1. The Employment and Wage Effects of a Luxury Boat Tax. Suppose the luxury boat industry initially employs 1,000 workers and produces 100 boats per month. Suppose a tax on luxury boats increases the...
1. The Employment and Wage Effects of a Luxury Boat Tax. Suppose the luxury boat industry initially employs 1,000 workers and produces 100 boats per month. Suppose a tax on luxury boats increases the...
1. The Employment and Wage Effects of a Luxury Boat Tax. Suppose the luxury boat industry initially employs 1,000 workers and produces 100 boats per month. Suppose a tax on luxury boats increases the...
You have a business worth $1,000,000 and other assets (including your home) worth an additional $750,000. What is the recommended automobile insurance policy that you should carry to be FULLY...
Republic Services and Waste Management company Compare the companies' long term Revenue, Gross Profit, Operating Profit) and Net Income and related growth trends. What is the average three year...
A young couple own a home in NJ. They would like to have Homeowner Insurance coverage for their home in NJ, in case of frozen plumping and damage form heavy snow or power surges. Which Homeowner's...

Suppose Alpha Corporation's daily cost function is Its marginal cost is What is its efficient scale of

Question:

Q1 100, 000 Q-5000+2Q MCI Q| = 100, 000-1, 000Q+6Q'

Step by Step Answer:

Its efficient scale of production is 125 Its minimum a...View the full answer

Microeconomics

Students also viewed these Economics questions