FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following question based on the graph below. which is for Blue Smooth Yoga Mats Ltd one of 50 small firms operating in the

image text in transcribed
image text in transcribed
Answer the following question based on the graph below. which is for Blue Smooth Yoga Mats Ltd one of 50 small firms operating in the industry a. What is the profit-maximizing output? Output: b. What price will the firm charge? Price: $ c. How much excess capacity exists at the output in (a)? Excess capacity: d. Is Blue Smooth making economic profits? e. Is the current situation long-run equilibrium

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Case And Problem Materials In Management Accounting

Case And Problem Materials In Management Accounting

Authors: Tony Brabazon And Tony ODea

2nd Edition

1412024315, 978-1412024310

More Books

Students also viewed these Accounting questions

Question

★★★★★
Would a failure to recognize growth options tend to cause a firms actual capital budget to be above or below the optimal level? Would your answer be the same for abandonment, timing, and flexibility...

Answered: 1 week ago

Question

★★★★★
Which challenge of ethical leadership poses the most danger to leaders? Defend your choice.

Answered: 1 week ago

Question

★★★★★
Clarabelles Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $ 10,000,000 for the year. Laura Bobo, staff...

Answered: 1 week ago

Question

★★★★★
Schedule of Cash Payments for a Service Company Horizon Financial Inc. was organized on February 28, 2016. Projected selling and administrative expenses for each of the first three months of...

Answered: 1 week ago

Question

★★★★★
Question No.02: Tarek's regular hourly wage is $10 an hour. She receives overtime pay at the rate of time and a half. Tarek is paid every two weeks. For the first pay period in January, Tarek worked...

Answered: 1 week ago

Question

★★★★★
PYTHON Code I am having so much many problems with this problem. Please show me how to code this using a dummy dataset with the same feature names as mine 1) Using PYTHON code report the number of...

Answered: 1 week ago

Question

★★★★★
Find the surface area revolution about the x-axis for y = x^2 over the interval [0,4]

Answered: 1 week ago

Question

★★★★★
5 14.28 points Book Print Heferences Brief Exercise 11-4 (Algo) Assessing the magnitude of operating leverage LO 11-4 The following income statement relates to Riley Company for the year. Sales...

Answered: 1 week ago

Question

★★★★★
Model the motion of an aging spring by replacing the spring constant k with a decreasing function ke-at, where a is a positive constant and t is time. Refine the model of the motion of a spring to...

Answered: 1 week ago

Question

★★★★★
1. In a world of superheroes, there are 10 superheroes with unique powers, and you need to form a superhero team. Your superhero team will consist of 6 members selected from these 10 superheroes....

Answered: 1 week ago

Question

★★★★★
4. Why is the digital divide problem an ethical dilemma? There may be only 11 players on the pitch during a match, but the Blackburn Rovers Football Club in the UK employs more than 800 people. As...

Answered: 1 week ago

Question

★★★★★
1. How does information technology affect socioeconomic disparities? Explain your answer. There may be only 11 players on the pitch during a match, but the Blackburn Rovers Football Club in the UK...

Answered: 1 week ago

Question

★★★★★
4. How have information systems affected laws for establishing accountability, liability, and the quality of everyday life?

Answered: 1 week ago

Previous Question Next Question