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The short-run cost function of a company = TC=200+55y( tc,y measured in thousands)
a) what is the fixed cost ?
b) ıf the company produces 100.000 units of output, what would be the AVC ?
c) what would be its marginal cost (y=100.000)
d) what would be its average fixed cost (y=100.000)
e)suppose that company expounds, its production capacity, therefore, fixed cost increases by $50.000, but its variable cost falls to $ 45.000 per1000 units write the new cost equation?
f)Suppose the company borrows money and expands its factory. Its fixed cost rises by $50.000, but its variable cost falls to $45.000 per 1000 units. The cost of interest ( ) also enters into the equation. Each 1 -point increase in the interest rate raises costs by $3000 Write the new cost equation
using a circular flow diagram ,illustrate the flow of income and spending for a model including the foreign sector .clearly describe and indicate leakages the direction of the flows
list and provide a short explanation of three central economic questions
illustrate and explain how an increase in household income will affect the equilibrium price and quantity in the market for data in scenario 1
in economic theory , a clear distinction is made between a movement along the demand curve and a movement of the demand curve in the light of this statement ,provide the correct graph to illustrate and explain an increase in the price of the product
in economic theory a clear distinction is made between wants and demands .in the light of this statement provide your own example to explain how demands differ from wants
with references to the indifference theory with good Y on the vertical axis and good X on the horizontal axis graphically illustrate a change in consumer equilibrium due to a change in income .suppose that income increase
the situation in which a firm makes an economic profit is a identified as one of the possibe short run positions of a firm under perfect competiton illustrate the given short run position and explain the situation with reference to your graph
Sara likes consume Bananas (X) and Mangoes (Y). The cost of banana is birr 2 and that of Mango is bírr 4. Sara's monthly budget for these fruit is birr 100 and her utility function is U(X,Y) = X ^ 2 * Y ^ 1/2,Then calculate Utility maximizing units of Bananas and Mangoes.
Given the demand function Qx = 8000-1000Px, determine the elasticity of demand at a single point where price of Rs. 6 and the corresponding quantity of 2000 units
