26 Jul HOW DOES THIS AFFECT THE OPTIMAL LEVEL OF OUTPUT?
EverKleen Pool Services provides the weekly swimming pool maintenance in Atlanta. Dozens of firms pr Show more EverKleen Pool Services provides the weekly swimming pool maintenance in Atlanta. Dozens of firms provide this service and the service is very standardized (so the market can be assumed to be perfectly competitve for modeling purposes). The market price for a one month pool service contract is $115. EverKleen Pool Services has fixed costs of $3500. The manager of the company has estimated the following marginal cost function using data for the last two years. SMC=125-0.42Q+0.0021Q^2 a. Given the esimated marginal cost function what is the average variable cost function for Everkleen? b. At what output level does AVC reach its minimum value? What is the value of AVC at this point? c. Should the manager of EverKleen continue to operate or should the firm shut down? Explain. d. What is the level of output that is optimal for Ever Kleen? (Note: you will find 2 output levels that are solutions to your optimazation specification. Make sure to test which was is actually the optimal level of output) e. How much profit (or loss) can the manager of EverKleen Pool Services expect to earn? f. Suppose EverKleens fixed costs rise to $4000. How does this affect the optimal level of output? Explain Show less
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.