For the pizza seller whose marginal, average variable, and average total cost curves are shown in the
Question:
Transcribed Image Text:
MC ATC IAVC צ2.50 ·兰1.40 0 570 Quantity (slices/day)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
This producer will sell 570 slic...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the profit maximizing output of this monopolist shown in the graph below?________________ What price do they set? Provide two reasons why this price is not likely to fall. . b. What is the...
-
Illustrated are the marginal cost and average total cost curves for a small firm that is in long-run equilibrium. a. Locate the long-run equilibrium price and quantity if the firm is perfectly...
-
A firm believes it can generate an additional $2,750,000 per year in revenues for the next 10 years if it replaces existing equipment that is no longer usable with new equipment that costs...
-
In 1991, good x cost $5 and good y cost $1. They now cost $9 and $5 respectively. In 1991 the consumption bundle of x and y was 4 x s and 5 y s. It is now 9 x s and 7 y s. Calculate the Laspeyres...
-
According to the Darvas Box stock trading system, a trader looks at a chart of stock prices over time and identifies box-shaped patterns. Then one buys the stock if it appears to be in the lower left...
-
Homestake Mining Company (USA) is a 120-year-old international gold mining company with substantial gold mining operations and exploration in the United States, Canada, and Australia. At year-end,...
-
How do need for achievement, need for affiliation, and need for power differ? How do these needs relate to work performance and motivation? How would you distinguish McClellands notion of needs from...
-
The Barb Company has provided information on intangible assets as follows: 1. A patent was purchased from the Lou Company for $1,500,000 on January 1, 2006. Barb estimated the remaining useful life...
-
Give three distinct reasons why the cost of a certain cost object can vary.
-
FIT ($1,200.58 - $221.15 = $979.43 taxable)...................... (86.00)* how did you get the answer 86
-
A price taking firm makes air conditioners. The market price of one of their new air conditioners is $120. The firms total cost information is given in the tables below: Air conditioners per dayTotal...
-
For the pizza seller whose marginal, average variable, and average total cost curves are shown in the accompanying diagram, what is the profit-maximizing level of output and how much profit...
-
Locander et al. also studied the accuracy of responses on questions involving more sensitive material than voter registration. From public records, individuals were identified as having been charged...
-
The following graph shows a market supply curve in orange and a market demand curve in blue. Suppose there is an increase in demand and an increase in supply. Adjust the following graph to reflect...
-
AICPA and PCAOB auditing standards address the confirmation of accounts receivables. Under the currently effective standards, what are the circumstances under which confirmation of accounts...
-
Maphitha Limited produces a single type of a product. The company uses an actual costing system. The following information has been taken from the company's production and sales records for the month...
-
Master Budget was made for annual sale of 100,000 units @10 per unit. Actual sales figures were 80,000 units with a sales revenues of 840,00. The standard cost sheet indicated a variable...
-
Sales of a product was estimated at 80,000 pieces annually with a rate of 6 pu. Its variable mfg. costs are 2.50 pu with S&D and general expenses related to product is 59,000 on annual basis. Its...
-
Develop a list of sales tools you could use in a job interview. What tools could you use to demonstrate your skills and capabilities?
-
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
-
Flame-Glo Company produces novelty candles for gift shops. Flame-Glo estimated the following average costs per candle: Prime cost per unit is a. \(\$ 1.50\). b. \(\$ 0.75\) c. \(\$ 2.00\). d. \(\$...
-
Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,000. In the second...
-
What would be the impact of a price floor set above the equilibrium price for dairy products? Below the equilibrium price?
-
What is deadweight loss and under what conditions does it occur?
-
A company that is expecting to receive EUR 500,000 in 60 days is considering entering into an FX futures contract to lock an exchange rate to USD for the transaction. The FX rate on the contract is...
-
Suppose you bought a bon with an annual coupon rate of 6.5 percent one year ago for $1,032. The bond sells for $1,020 today. a. Assuming a $1,000 face value, what was your total dollar return on this...
-
During the year 2021, William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on his own (self-employed), where he earned a net income of $50,000....
Study smarter with the SolutionInn App