Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

AP microeconomics unit 3 and 4 Assume that, for a perfectly competitive firm, marginal cost equals average variable cost at $10, barginal cost equals average

AP microeconomics unit 3 and 4 Assume that, for a perfectly competitive firm, marginal cost equals average variable cost at $10, barginal cost equals average total costa at $15, and marginal revenue equals marginal cost at $12. ON THE BASIS OF THIS INFORMATION , The firm should

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

Cambridge International AS And A Level Economics Coursebook

Authors: Colin Bamford, Susan Grant

3rd Edition

1107679516, 978-1107679511

More Books

Students also viewed these Economics questions

Question

★★★★★

Accounting for Forward Contracts-Hedging and Speculation Futura Corporation, a calendar-year corporation, is an active trader in foreign exchange, to hedge its international activities and for...

Answered: 1 week ago

Question

★★★★★

Perkins Lumber has recently put in an activity-based costing (ABC) system. It wants to use it to assign the costs of its personnel and accounting departments to the two revenue centers, Lumber and...

Answered: 1 week ago

Question

★★★★★

=+14. Energy investment. An investment bank is thinking of investing in a start-up alternative energy company. They can become a major investor for $6M, a moderate investor for $3M, or a small...

Answered: 1 week ago

Question

★★★★★

A high school basketball team is selling $10 raffle tickets as part of a fund-raising program. The first prize is a trip to the Bahamas valued at $5460, and the second prize is a weekend ski package...

Answered: 1 week ago

Question

★★★★★

Given a 9-year bond with YTM of 4% and a duration of 7.5, what is the expected percent price change/return for a 0.05% (5 basis-point/bps) shift up in market yields? Given 1-year ZCB securities with...

Answered: 1 week ago

Question

★★★★★

Check my w Thornton Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and testing than does Decoder Q. Because of these product...

Answered: 1 week ago

Question

★★★★★

If Neon Lights, LLC has gross receipts of $25 million for the taxable year, they will not be considered an SSTB if less than what percentage of their gross receipts are attributable to an SSTB...

Answered: 1 week ago

Question

★★★★★

The CFO of Spotify Inc. has summarized its free cash flows for the next three years in the following table. The cash flows are expected to grow at a constant growth rate 2.00% afterwards. The company...

Answered: 1 week ago

Question

★★★★★

The Department of Investments purchased a parcel of land for $160,000 and proceeded to pay $8,000 for sewage services, $12,000 to survey the land, and $15,000 to pave a driveway. If the property was...

Answered: 1 week ago

Question

★★★★★

Aaron Mechanic, CFA is responsible for valuing the shares of Duotronics Research Laboratories (DRL). The stock is currently trading at $8.75 and he gathers the following financial information about...

Answered: 1 week ago

Question

★★★★★

You have just been served with legal documents that suggest that you were scrubbed in on a procedure in which your patient was burned. You are charged with negligence. For what reasons could you be...

Answered: 1 week ago

Question

★★★★★

The balance in retained earnings at December 31, 2019 was $810,000 and at December 31, 2020 was $654,000. Net income for 2020 was $563,000. A stock dividend was declared and distributed which...

Answered: 1 week ago

Question

★★★★★

The geographical location of the sender, i.e. where the sender resides

Answered: 1 week ago

Question

★★★★★

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago

Question

★★★★★

The temporal rule: The closer temporal proximity we have to an event or action, the more probable it is that the distortion of information is less than if the event or action happened longer ago.

Answered: 1 week ago

Previous Question Next Question