Question

marginal and average cost curves for fish-sitting business (using graph)

Answer #1

The marginal and average cost for fish sitting business is different from others. As fishing business shows there is extra cost associated with extra production and it's marginal cost and average cost are same.

The margiand average cost is only associated with extra cost interms of carring cost may be if there is very much change in catching fish. As fish are catched in open access there is no extra cost associated with highigher fishing. The change in cost is same with average cost.

2) On graph paper, set up a starting graph for a
monopolist using demand, marginal revenue, marginal cost, and
average total cost curves.
a. In the graph you drew, show what happens to the
monopolisy's market graph if fixed costs increase, using a colored
pencil. Show any curve shifts and the effects of those curves on
output and product price.
b. In the same graph, using a second colored pencil
identify the monopolist's profits after the change in fixed
costs

In a graph paper, set up a starting graph for monopoly , using
demand, marginal revenue, marginal cost, and average total cost
curves.
Shows what happens to the monopolist's market graph if fixed
costs increase, using a colored pencil. Be sure to show any curve
shifts, and the effects of those shifts on the monopolists output
and product price.
Using a different colored pencil, identify the monopolists
profit after the change in fixed costs.

Draw a diagram illustrating the marginal cost, average variable
cost, and average fixed cost curves for a firm. Suppose there is a
decrease in weekly wages paid by the firm. On your diagram
demonstrate the impact of this event on these cost curves.

Fixed, Variable and marginal Cost Curves:
If the total cost increase, does this change average (total)
costs?, how about average variable costs?

Show graphically and explain the relationship between the total
cost curve and average cost, marginal cost and average variable
cost curves.
please provide the graph and write electronic version. Thank
you.

Graph the marginal cost curve, average variable cost curve,
marginal revenue curve ,average total revenue curve, profit, and
quantity produced for a firm that has these 3 characteristics
1. In a competitive market
2. Sell an ordinary good
3. 2 Input Cobb Douglas in which one variable is fixed in the
short run

7. Long-run average cost curves
The following graph shows the short-run average total cost
curves and the long-run average cost curve for a publishing firm.
The five marked quantities indicate points of tangency between each
short-run average total cost curve (SRATCSRATC) and the long-run
average cost curve (LRACLRAC); for example, Q1Q1 marks the point of
tangency between SRATC1SRATC1 and LRACLRAC.
The orange point on SRATC1SRATC1 indicates the firm's current
output level in the short run (Q2Q2).
COST PER UNITQUANTITY OF...

Short run cost curves:
a. Explain why the marginal cost curve intersects the average
total and variable cost curve at their respective minimum
values:
b. At what point on the ATC will a perfectly competitive firm
always produce in the long run:
c. The supply curve for a perfectly competitive firm is the same
as one of the cost curves based on a specific criterion. State both
the curve and the criterion:

Assume diminishing marginal product at some point.
Draw the fixed cost, average fixed cost, marginal cost, average
variable cost and average total cost curves for a firm.
Indicate the quantity associated with efficient scale. What two
curves intersect at this point?
Is this a short run or long run cost analysis?

A. draw the demand and marginal revenue curves. Draw a vertical
line at the market price. To the left of the vertical line, show
the demand and marginal revenue curves for the firm before the
elasticity shifted. To the right, show the demand and marginal
revenue curves for the more inelastic assumption. Where does the
kink in the demand curve occur? What happens to the marginal
revenue curve
B. an oligopolist who believes that if she decreases her price,
her...

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