Louisiana State University, Shreveport ECON ECON 705 GlueTooth, the popular new startup company that manufacturers the…

Louisiana State University, Shreveport ECON ECON 705 GlueTooth, the popular new startup company that manufacturers the…

GlueTooth®, the popular new startup company that manufacturers the world’s first-ever Bluetooth-enabled denture adhesive, estimated its short-run costs using a U-shaped average variable cost function of the form and obtained the following results.  Total fixed cost (TFC) at GlueTooth® is $860.

Don't use plagiarized sources. Get Your Custom Essay on
Louisiana State University, Shreveport ECON ECON 705 GlueTooth, the popular new startup company that manufacturers the…
Just from $5/Page
Order Essay
Adjusted R Square0.439
 CoefficientsStandard Errort StatP-value
Intercept45.883.3413.750.0002
Q-2.670.73-3.650.0020
Q^20.130.033.840.0013

 

a.   What level of output (Q) is associated with the minimum AVC? What is the value of AVC at this minimum?

b.   Determine equations for ATC, TC, and MC. Graph one scatterplot of Q vs. TC, and another scatterplot of Q vs. ATC, AVC, and MC.

c.   When output is 14, how much is TC, AVC, ATC, and MC?

d.   At what amount of output does labor change from exhibiting increasing returns to decreasing returns?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more