A firm has a division which produces chemical Y, whose average total costs are ATC = 50 + 2Q (where Q is the quantity of Y), and a marketing division which adds own average total costs of ATC = 20 + 3Q. There is no external market price of Y. The transfer price of Y should be Analyze the effect of government intervention in business: The antitrust law that made \"every contract, combination restraint of trade\' illegal was the Sherman Act. Clayton Act. Federal Trade Commission Act. Robinson-Patman Act. Celler-Kefauver Act. If there are two large firms, each with one-quarter of the market, and ten firms each with one-twentieth of the market, in an industry, the market concentration \'ratio will be
Solution
Solution.
Average cost and or unit cost is equal to total cost divided by the number of goods produced (the output quantity, Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q).
Total cost = Average total cost x Quantity of output
= (50+2Q) x Q
= 50Q+ (2Q)^2
= 50+4Q
ATC =
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The byproduct of sericulture in different industries.pptx
A firm has a division which produces chemical Y- whose average total c.docx
1. A firm has a division which produces chemical Y, whose average total costs are ATC = 50 + 2Q
(where Q is the quantity of Y), and a marketing division which adds own average total costs of
ATC = 20 + 3Q. There is no external market price of Y. The transfer price of Y should be
Analyze the effect of government intervention in business: The antitrust law that made "every
contract, combination restraint of trade' illegal was the Sherman Act. Clayton Act. Federal Trade
Commission Act. Robinson-Patman Act. Celler-Kefauver Act. If there are two large firms, each
with one-quarter of the market, and ten firms each with one-twentieth of the market, in an
industry, the market concentration 'ratio will be
Solution
Solution.
Average cost and or unit cost is equal to total cost divided by the number of goods produced (the
output quantity, Q). It is also equal to the sum of average variable costs (total variable costs
divided by Q) plus average fixed costs (total fixed costs divided by Q).
Total cost = Average total cost x Quantity of output
= (50+2Q) x Q
= 50Q+ (2Q)^2
= 50+4Q
ATC =
