Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

3- In perfect competition, Q=50, AVC=50 and AFC=40. Calculate the profit at P=100. (Q: quantity, AVC: average variable cost, AFC: average fixed cost, P:price)

3-In perfect competition, Q=50, AVC=50 and AFC=40. Calculate the profit at P=100.

(Q: quantity, AVC: average variable cost, AFC: average fixed cost, P:price)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics Applications, Strategies and Tactics

Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

13th edition

1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929

More Books

Students also viewed these Economics questions

Question

★★★★★

The following balance sheet information is available (amounts in thousands of dollars and duration in years) for a financial institution: Treasury bonds are five-year maturities paying 6 percent...

Answered: 1 week ago

Question

★★★★★

Consider the colored envelopes shown below. If three envelopes are selected at random, without replacement, determine the probability that At least one envelope is a red envelope. II III

Answered: 1 week ago

Question

★★★★★

2. Place mini-exhibits of student work at local grocery stores, libraries, or community centers.

Answered: 1 week ago

Question

★★★★★

The Soft Glow Company plans to open a new retail store in Portland, Maine. The Soft Glow Company will sell specialty candles for an average of $ 30 each. The average variable costs per candle are as...

Answered: 1 week ago

Question

★★★★★

QUESTION 8 The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $1,032. What is the yield to...

Answered: 1 week ago

Question

★★★★★

45.Which one of the following is a feature of marginal costing compared to absorption costing? It charges fixed admin overhead to products None of these It charges fixed selling overhead to products...

Answered: 1 week ago

Question

★★★★★

need question 12 and 13 answered 12. 20 years ago, my dad was riding his bike along a country road and noticed someone dumping garbage on this property. The property was designated to have natural...

Answered: 1 week ago

Question

★★★★★

80% of the arrivals to a COVID19 vaccination center pre-register themselves on the COWIN portal before arriving whereas the rest walk in and register at the venue. Pre-registered individuals verify...

Answered: 1 week ago

Question

★★★★★

Vignette Assumption When completing the vignettes, there is a vignette assumption. That is, when reading assume that a full assessment has been done and no mention means 'no evidence'. This is the...

Answered: 1 week ago

Question

★★★★★

1. The following diagram shows a glancing collision of mass 1 and mass 2. Assume that the masses are the same and the surface has no friction. Before Collision After Collision horizontal Mass 2 axis...

Answered: 1 week ago

Question

★★★★★

Name 3 things that Pals restaurant did that made them a unique fast food restaurant.

Answered: 1 week ago

Question

★★★★★

5. Identify three ways that their immediate supervisor(s)/manager positively or negatively influenced their level of employee engagement

Answered: 1 week ago

Question

★★★★★

9. What type of competence is important to have and develop in order to strengthen the core value you want others to associate with you?

Answered: 1 week ago

Question

★★★★★

6. Identify a core value that is important to you and that you would like to strengthen in yourself. Write down this core value. Then complete the follow-ing sentence: This core value is important to...

Answered: 1 week ago

Question

★★★★★

13. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

Answered: 1 week ago

Previous Question Next Question