Consider a price taking firm that produces a homogeneous, divisible product in an industry characterized by no transaction costs and no barriers to entry/exit.
The cost function is given by :
C(q)=800+10q +q^2 , Where q is the firm’s output.

(a)Find the average variable cost (AVC) and average total cost (ATC).
(b)Find the marginal cost function.
(c) Suppose the market price for the product (i. e. the price the firm will receive per unit sold) is $40. Will the firm be willing to produce at this price in the short-run? If yes, how much will it produce?

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

What is the best definition of a conclusion?

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.