Kasta88

This page lists questions and answers that were posted by visitors named Kasta88.

Questions

The following questions were asked by visitors named Kasta88.

Answers

The following answers were posted by visitors named Kasta88.

Minimum AVC occurs when MP=AP. This occurs at 80 units of labor and 20000 units of output (AP x L = 20000). From this AVC = w / AP = 2 / 250 = .008 For part 4, at 100 units of labor, AP = 225 so Q = 22500 (225 x 100). You can calculate TVC = $2 x 100 unit...