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Question: Average total cost is $200 for a given output, total fixed cost is 100 and average variable cost ...

Show transcribed image text Average total cost is $200 for a given output, total fixed cost is 100 and average variable cost is 140. What the quantity being produced? A daily production function for yo-yo's is Q = 12L^10 + 8K^12. Show all your work for the following questions. (Use calculus fir this problem where relevant: delta Q/delta L-6L^-1/2 and delta Q/delta K = 4K^1/2) How many yo-yo's are produced when labor is 9 and capital is 16? Suppose Bill views bunter (b) and margarine (m) as perfectly substitutable for each other. His utility function is u(b, m)-b-m. Are these indifference convex (draw indifference curve with given information above)? And why? Suppose a firm has a cost function C(q)=4q^2+16 a. Find its variable cost, fixed cost, average total cost, average fixed cost, average variable cost. Find the output level that minimizes average total cost and corresponding value of average total cost (ATC) where marginal cost is 8q (MC=8q)

Average total cost is $200 for a given output, total fixed cost is 100 and average variable cost is 140. What the quantity being produced? A daily production function for yo-yo's is Q = 12L^10 + 8K^12. Show all your work for the following questions. (Use calculus fir this problem where relevant: delta Q/delta L-6L^-1/2 and delta Q/delta K = 4K^1/2) How many yo-yo's are produced when labor is 9 and capital is 16? Suppose Bill views bunter (b) and margarine (m) as perfectly substitutable for each other. His utility function is u(b, m)-b-m. Are these indifference convex (draw indifference curve with given information above)? And why? Suppose a firm has a cost function C(q)=4q^2+16 a. Find its variable cost, fixed cost, average total cost, average fixed cost, average variable cost. Find the output level that minimizes average total cost and corresponding value of average total cost (ATC) where marginal cost is 8q (MC=8q)