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?
FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery...
Georgia Products, Inc., operates a sawmill facility. The company accounts for the bark chips that result from the primary sawing operation as a by-product. It sells the chips to another company at a...
1. Although a very detailed change proposal may prevent people from making their own connections, as discussed in the case, it may lead others to consider the proposal vague and unfinished. How do...
Los materiales utilizados en una fbrica que no son parte integrante del producto final, como el material de limpieza, deben clasificarse como: Opcin mltiple gastos generales de fabricacin. gastos...
Consider each scenario below, and classify each type of lease from the perspective of the lessor: Case A On 15 March 20X5, Edaby Inc. (Lessor) enters into an arrangement with Telemin (Lessee) to...
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)...
What are the potential benefits that iProspect might capture from use of a CRM system?
Root cause analysis with fish bone diagram and Forecast analysis for the case study "Agarwal Automobiles: Fuel station forecasting and inventory management" with peer reviewed journal references.
Suppose that MPI_COMM WORLD consists of the eight processes 0, 1, 2, 3, 4, 5, 6, and 7, and suppose the following code is executed: int sum = my_sum; int iLevel = 0; MPI Status status; for (int...
Measuring and monitoring It is the SMT's view that the reduction in accident frequency rate alone clearly indicates that the slips and trips campaign was a success discuss possible limitations of...
Identify some of the repercussions of high staff turnover at Eswatini Electricity Company ( EEC ) , especially on critical and skilled employees occupying key positions. Further, differentiate...
1. Make sure your report server is setup correctly. 2. Deploy all 10 reports and Shared Data Source. 3. Take a snapshot of each report (Parameters Visible) and paste them in 1 MS Word Document. The...
Cal Trans wants to use a survey to determine the extent of public approval for a project to construct a new freeway through a particular neighborhood. Which of the following procedures would be most...
Define the essential properties of the following types of operating systems: a. Batch b. Interactive c. Time sharing d. Real time e. Network f. Parallel g. Distributed h. Clustered i. Handheld
What are the five assurance systems? (Appendix)
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...
1-The yield to maturity will be greater than the coupon rate when a bond is selling at a premium. Select one: a. False b. True 2-Which one of the following would have the greatest present value,...
! Required information [ The following information applies to the questions displayed below. ] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash...
WISE-HOLLAND CORPORATION On June 15, 2013, Marianne Wise and Dory Holland came to your office for an initial meeting. The primary purpose of the meeting was to discuss Wise-Holland Corporation's tax...

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