Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

At present, the equilibrium price is $31, a marginal cost of $11 each has a profit of $72,000 Find the equilibrium prices and profits if

At present, the equilibrium price is $31, a marginal cost of $11 each has a profit of $72,000

Find the equilibrium prices and profits if AL's marginal cost is $5 and BWR's is $11

Market demand is 7200

There is disutility of $20

Please provide working out step by step

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

Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics

Authors: Alfred Endres, Volker Radke

1st edition

364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925

More Books

Students also viewed these Economics questions

Question

★★★★★

Montana Cycles started July with 25 bicycles that cost $36 each. On July 16, Montana bought 35 bicycles at $60 each. On July 31, Montana sold 33 bicycles for $105 each. Requirements 1. Prepare...

Answered: 1 week ago

Question

★★★★★

describe business analytics techniques such as OLAP, cube analysis and visualisation tools.

Answered: 1 week ago

Question

★★★★★

Name two reductionistic biological psychologists. Name two biological psychologists who emphasize holistic approaches. What methodological and topical differences exist between these perspectives?

Answered: 1 week ago

Question

★★★★★

Whirlmore, Inc., manufactures and sells washers and dryers through three divisions: Home-Supreme, Apartment, and International. Each division is evaluated as a profit center. Data for each division...

Answered: 1 week ago

Question

★★★★★

The _ _ _ _ _ _ _ _ _ _ _ is the foundation of an effective Social Engineering defense: employee training security policy real - world checks phishing attack

Answered: 1 week ago

Question

★★★★★

Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $153,000 due on December 31 of each year beginning December 31, 2021. The present...

Answered: 1 week ago

Question

★★★★★

Q1: What is managerial accounting, and how does it differ from financial accounting? Q2: What are some common techniques used in managerial accounting?

Answered: 1 week ago

Question

★★★★★

Q1: What are financial ratios, and why are they important? Q2: Explain the difference between liquidity ratios and profitability ratios with examples.

Answered: 1 week ago

Question

★★★★★

Q1: What is the purpose of budgeting in a business? Q2: What is the difference between static and flexible budgets?

Answered: 1 week ago

Question

★★★★★

Q1: Why is ethics important in accounting? Q2: What are some common ethical issues faced by accountants?

Answered: 1 week ago

Question

★★★★★

Q1: What is the purpose of investment analysis in accounting? Q2: What are some common methods used in investment analysis?

Answered: 1 week ago

Question

★★★★★

Given the following information for Lightning Power Co., find the WACC. Assume the company's tax rate is 35 percent. Debt: 8,000 bonds outstanding, selling for $1,060 and yield to maturity 7% Common...

Answered: 1 week ago

Question

★★★★★

8. How can an interpreter influence the message?

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

Previous Question Next Question