Suppose Alpha Corporation's daily cost function is a. What is its efficient scale of production? b. What
Question:
a. What is its efficient scale of production?
b. What is its minimum average cost?
Transcribed Image Text:
Q1 100, 000 Q-5000+2Q
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a 125 b 68750 Explanation An efficient scale of prod...View the full answer
Answered By
Emel Khan
I have the ability to effectively communicate and demonstrate concepts to students. Through my practical application of the subject required, I am able to provide real-world examples and clarify complex ideas. This helps students to better understand and retain the information, leading to improved performance and confidence in their abilities. Additionally, my hands-on approach allows for interactive lessons and personalized instruction, catering to the individual needs and learning styles of each student.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
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? Q1 100, 000 Q-5000+2Q MCI Q| = 100, 000-1, 000Q+6Q'
-
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?
-
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,...
-
Night By Elie Wiesel The Holocaust - Why did the members of Sighets Jewish community refuse to believe their horrible situation? (Moshe the Beadle and Madame Schachter portending the horrors that...
-
Berradi Corp. is considering the purchase of a new stamping machine to manufacture its product. The following information is available: New Machine Purchase cost new .. $85,000 Annual increase in...
-
Herberts Home Repair estimates each job cost as the cost of materials plus $35 per hour while on the job, plus $12 per hour for travel time to the job site. Create a class that contains a main()...
-
Compare and contrast the following techniques based on costs and benefits: test data method base case system evaluation tracing integrated test facility parallel simulation
-
Procter & Gamble has been the leading soap manufacturer in the United States since 1879, when it introduced Ivory soap. However, late in 1991, its major rival, Lever Bros. (Unilever), overtook it by...
-
What can be said about a set of data with a standard deviation of 0? (This is a reading assessment question. Be certain of your answer because you only get one attempt on this question Choose the...
-
The Open Access Problem The US Bureau of Land Reclamation (BLM) manages grazing on public lands in the Western U.S. Suppose that for a certain grassland, grazing generates a total value of 10,000H ...
-
A firm has the monthly production function where L is worker hours per month and K is square feet of manufacturing space. a. If the hourly wage rate is $50 and manufacturing space costs $25 per...
-
A firm has two production plants. The cost function of plant 1 is where Q1 is the number of units of output produced in plant 1. The cost function of plant 2 is where Q2 is the number of units of...
-
Identify the key sections of an appellate brief.
-
Lisa is a single self - employed road trucker. She earned 1 9 0 , 0 0 0 of self - employment income during the ice road session this year. What is her self - employment tax liability
-
Computer 1 on Network A sends a packet to Computer 2 on Network C. What's the last step that Router Z does after receiving the Ethernet frame? Strips away the Ethernet frame, leaving the IP datagram....
-
1. Be able to provide an historical overview or discrimination against women in sport and recreation (e.g., child rearing practices & myths). 2. Enumerate and explain the legal entitlements of women...
-
Project managers who have high-levels of emotional intelligence are often said to be more successful, both in their projects and in their careers. Discuss your understanding of emotional intelligence...
-
drilling while Throsel's focus had been in surface drilling. Jongsma Equity Partners (Jongsma), a Chicago-based pri- vate equity firm, which owned Teskey-Dean, led the merg- er and financing of the...
-
Explain how the domain of g (x) =x compares to the domain of g(x k), where k 0.
-
Give the products of the following reaction, where T is tritium: dioldehydrase Ad- CH CH3C-COH CoIII) coenzyme B12
-
1. Economic profit equals ________minus________. 2. Economic cost equals ________cost plus ________cost. 3. For a perfectly competitive firm, marginal revenue equals ________, and to maximize profit,...
-
1. Economic profit equals ________minus________. 2. Economic cost equals ________cost plus ________cost. 3. For a perfectly competitive firm, marginal revenue equals ________, and to maximize profit,...
-
1. Economic profit equals ________minus________. 2. Economic cost equals ________cost plus ________cost. 3. For a perfectly competitive firm, marginal revenue equals ________, and to maximize profit,...
-
The section of the city of Tees CA Asume one shed show that the uning for the hal year ended Sepersiber 30, 2019 contains several schedules regarding the c supported det at Seeber 30, 2013 was 12402...
-
Question 32 (2 points) Saved Artic Inc. is having a hard time collecting its outstanding Accounts Receivables from its customers. Artic Inc. decides to factor $700,000 of its Accounts Receivables to...
-
Prepare un presupuesto maestro para la empresa de farmacia McGregor para el ao que termina el 31 de diciembre de 2021 utilizando la siguiente informacin. Prepralo por trimestre. Utiliza las tablas...
Study smarter with the SolutionInn App