The sum of fixed cost and variable cost at any rate of output is equal to: a. Average total cost. b. Total profit. c. Total cost. d. Marginal cost. Output: From a company's point of view, the output is the manuf...
A firm's total cost of producing 50 units of output is $10,000. At this output level, average fixed costs are equal to $50. It follows that the firm's average variable costs are equal to how much? As business increases its level of prod...
Lecture_3_-_Theory_of_the_Firm THEORYOFTHEFIRM HowFirmsBehave:Costs,Revenues&ProfitMaximisation ASSUMPTIONS Assumption 1:MAXIMISEPROFITS Thereforeproduceatanoutputwhereprofitismaximised Assumption 2:MINIMISECOSTS Butcostsdifferbetweentheshortrunandthelongrun 2 INPUTS/OUTPUTS For...
so.How to resolve firms emit and near resident's economic losses dispute is an important research problem.In this paper,we take this dispute as a non-cooperation game theorem,and analyze the compensation mechanics and its efficiency of firm excessive emission in the condition of tradable emission...
The objectives of the Japanese firm Sales revenue or profit maximisation?P Blandon
We examine how information problems between the firm and the investor affect the value of an internal capital market. While the extant literature finds that, on average, the diversified firm's access to an internal capital market is positively related to firm value, this paper finds that the re...
Working capital management is a key element in the running of small businesses, but research into the working capital practices of small UK companies has been undertaken only recently. This research has also looked at the aims of small companies, particularly considering their links with bankers. ...
From silver to platinum: The impact of frequent flier tier levels on air travellers' behaviour We estimate the switching costs created by tier levels, one of the main components of airline frequent flier programs, by exploiting discrete tier threshol... C Behrens,GD Jong,JV Ommeren - 《Transpo...
Average Total cost is the summation of average fixed cost and Average variable cost. It is also calculated by dividing the total cost by the quantity. of output. Marginal cost is the increase in the total cost resulting from one unit increase in the quantity of output. ...
Answer to: A firm's long-run average cost curve is estimated by the equation: LAC=1,000-2.5Q+0.005Q^2. What is the minimum efficient scale of...