Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

Can someone please explain to me how to solve this? Step by step so i can understand Suppose that a perfectly competitive firm has Fixed

Can someone please explain to me how to solve this? Step by step so i can understand

Suppose that a perfectly competitive firm has Fixed Cost = 80 and Variable Cost = 2q?, so that MC = 4q. What is the maximum profit this firm could make if the market price of the good is $60

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

Microeconomics For Today

Authors: Irvin B. Tucker

10th Edition

1337613061, 978-1337613064

More Books

Students also viewed these Economics questions

Question

★★★★★

Using activities, calculate the pH of a solution containing 0.010M NaOH plus 0.0120 M LiNO3. What would be the pH if you neglected activities?

Answered: 1 week ago

Question

★★★★★

Problems 95 104. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus....

Answered: 1 week ago

Question

★★★★★

How would you use what the students already know to help them learn in better, more meaningful ways? How will these issues affect the grade levels you will teach?

Answered: 1 week ago

Question

★★★★★

A corporation with a 34% income tax rate is considering the following investment in research equipment and has projected the benefits as follows Before-Tax Year Cash Flow 0 -$50,000 1 +2,000 2 +8,000...

Answered: 1 week ago

Question

★★★★★

need help with requirements 4-9 Southwick Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Southwick for 2017 are as follow (Click...

Answered: 1 week ago

Question

★★★★★

Assume that portfolios A and B are both well diversified and that E ( r A ) = 7 % , and E ( r B ) = 5 % . If the economy has only one factor, and A = 1 . 2 , whereas B = 0 . 8 , what must be the risk...

Answered: 1 week ago

Question

★★★★★

Agile PMs must sense and align individuals, teams, and stakeholders. Which of the following is NOT a way to empower others? Please choose the best answer below: Establishing systems of ownership...

Answered: 1 week ago

Question

★★★★★

You and your friend Olivia are both volunteers at a cat rescue. The shelter supervisor asks the two of you to clean out kennels and haul bags of cat food from the donation area to the storage area....

Answered: 1 week ago

Question

★★★★★

1} A centrifuge is spinning at a rate of 2000 revolutions per minute (rpm). How many milliseconds (ms) will it take to complete 5 revolutions

Answered: 1 week ago

Question

★★★★★

Identity Theft Resource Center (ITRC) provides consumer and victim support, public education, and advice. Marlenas grandmother is concerned her identity has been stolen. Help Marlena reconcile her...

Answered: 1 week ago

Question

★★★★★

Your company recently hired a new administrative assistant, Maryam Arjmand. On her first day, you stopped by her desk to meet her. During your conversation, you told her to let you know if there was...

Answered: 1 week ago

Question

★★★★★

In addition to traditional HR activities (e.g., recruitment, training, appraisal, employee relations), human resources management also includes Question 5 options: 1) financial management. 2)...

Answered: 1 week ago

Question

★★★★★

3. What is meant when we say that people with a Protestant character exhibit manipulative behaviour?

Answered: 1 week ago

Question

★★★★★

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

★★★★★

1. Effort is important.

Answered: 1 week ago

Previous Question Next Question