Business, 23.12.2020 21:00 drandbone92
Using the information from the table below, answer the following questions.
ProductionTotal cost
0 80
1 140
2 180
3 200
4 240
5 320
6 420
7 540
8 680
a. Total average costs for the production of 4 products.
b. Marginal cost for the production of the 6th product.
c. If its price is 100$, find the maximum profit for a perfectly competitive firm (MR=MC).
Answers: 2
Business, 22.06.2019 09:40
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Answers: 1
Business, 22.06.2019 10:10
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
Business, 22.06.2019 22:20
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Answers: 1
Business, 22.06.2019 23:40
John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?
Answers: 1
Using the information from the table below, answer the following questions.
ProductionTotal cost
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