The average fixed cost function will be 50/Q.
<h3>How to calculate the cost?</h3>
From the information given,
TR = 20Q - 30Q²
TC = 50 + 25Q - 40Q²
The average fixed cost will be:
= Fixed cost/Quantity
= 50/Q
The average variable cost will be:
= VC/Q
= (25Q - 40Q²)/Q
= 25 - 40Q
The marginal cost function will be:
TC = 50 + 25Q - 40Q²
We'll differentiate it. This will be:
MC = 25 - 80Q
The profit maximizing level of output will be:
MR = MC
20 - 60Q = 25 - 80Q
-60Q + 80Q = 25 - 20
20Q = 5
Q = 5/20 = 0.25
The profit will be:
= TR - TC
= 20Q - 30Q² - (50 + 25Q - 40Q²)
= [(20 × 0.25 - (30 × 0.25²)] - [(50 + (25 × 0.25) - (40 × 0.25²)
= [5 - 1.875] - [50 + 6.25 - 2.5]
= 3.125 - 53.75
= -50.625
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What is the minimum monthly gross income you need to be able to afford the above and still save $100 a month set all to zero except $800-$999 medicare $100, internet $50, telephone $50. food $600.The amount paid to an employee in a month before taxes or other deductions is known as gross monthly income.
The amount is specified in both job offer letters and paychecks. Overtime, bonuses, and commissions are all possible sources of additional gross monthly income. Gross pay is related. Your gross income will also help you budget and figure out how much money you'll have to save for retirement.
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Answer:
The correct answer is the option A: Is less likely to advocate expansionary fiscal policy when the economy is in a recessionary gap than Jones, who believes the economy is not self-regulating.
Explanation:
On the one hand, in the macroeconomics theory when it comes to terms of self-regulating it means that the economy does not need the intervention of the government in order to act properly and satisfy everyone in it.
On the other hand, when it comes to expansionary policy the term is most likely to belong to a situation in where the government does intervene in the economy and therefore that it will try to expand the taxes or other fiscal rates that will improve the collection of the state itself.
And that is why that if Smith believes in self-regulating economies then he will not be in favor of a expansionary fiscal policy in a recessionary gap because he will believe that the economy will fix itself in the right time.
Answer:
A. Cost - focus
Explanation:
Cost focus refers to the situation whereby a company or an organization compete with other companies or organizations based on price to target a narrow markets. It focuses on the minimization of cost within the focused market group. Organizations doing this seeks to achieve cost advantage in its target segment. By selling at prices that are below their competitors, Mountain Rescue is practicing cost focus strategy.