Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

Can you please explain how to find the answer to this? A firm's average variable cost for producing X is given by AVC = 100

Can you please explain how to find the answer to this?

A firm's average variable cost for producing X is given by AVC = 100 - 16X + X.2 Average variable cost is minimized at: a. X = 2 b. X = 4 C. X= 8 d. X = 16 e. None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip Cateora

16th Edition

0073529974, 9780073529974

More Books

Students also viewed these Economics questions

Question

★★★★★

A debt of $2290 is repaid by making payments of $198. If interest is 16.95% com- pounded monthly, for how long will quarterly payments have to be made?

Answered: 1 week ago

Question

★★★★★

What would you do if you were Jennifer, and why?? LOP58

Answered: 1 week ago

Question

★★★★★

If Xi,i = 1, 2, 3, are independent exponential random variables with rates i , i = 1, 2, 3, find (a) P{X1 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Change to LIFO Retail Diderot Stores Inc., which uses the conventional retail inventory method, wishes to change to the LIFO retail method beginning with the accounting year ending December 31,...

Answered: 1 week ago

Question

★★★★★

What is the percentage difference between the effective rates determined by annual and continuous compounding for nominal interest rates of: (a) 10% (b) 20% (e) 30% What is the percentage difference...

Answered: 1 week ago

Question

★★★★★

Need help Find the area of the parallelogram with corner P, and adjacent sides P, P, and P P3. P1 = (1,2,0), P2 = ( -2,4,3), P3 = (-2, -2,2) The area of the parallelogram is (Type an exact answer,...

Answered: 1 week ago

Question

★★★★★

MGT/726: Emerging Managerial Practices WK 5 - Summative Assessment: Transitioning to a Virtual Environment [due Mon] Exam Content Details & Information Imagine that you have been asked ta make a...

Answered: 1 week ago

Question

★★★★★

Reliability is a probability. Explain the numerical value used to determine the reliability that a manufactured good, piece of equipment, or system performs as intend. How does it work?

Answered: 1 week ago

Question

★★★★★

Help Save & Exit Submit Check my work E7-7 (Algo) Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] Oahu Kiki tracks the number...

Answered: 1 week ago

Question

★★★★★

1.2.8 A manufacturer can automate a certain process by replacing 20 employees with a machine. The employees each earn 24,000 per year, with payments on the last day of each month, with no sala- ry...

Answered: 1 week ago

Question

★★★★★

how can you obtain the following competencies through RTM (Hospitality, tourism, recreation management)work experiences and courses? Please explain each of them. 1) Community Knowledge 2)...

Answered: 1 week ago

Question

★★★★★

For you personally which of the economizing problem is harder to overcome

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts : Thomas theorem, premise of action, utterance and mental constructions.

Answered: 1 week ago

Question

★★★★★

11. Based on the following rules regarding the confidence we have in information in a communication context, find examples from your everyday life where the rules have relevance: (a) The spatial rule...

Answered: 1 week ago

Question

★★★★★

2. Describe a situation from your own everyday life where it is clear that the situation in its consequence becomes the way you define it.

Answered: 1 week ago

Previous Question Next Question