Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

please answer all questions 1) (4 points) A purely competitive firm in the product market has the following average variable cost (AVC) = 50 +

please answer all questions

1) (4 points) A purely competitive firm in the product market has the following average variable cost (AVC) = 50 + 3Q. Assume that the market price is equal to $90 per unit. Calculate the amount of output (Q) produced by this firm

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 Today The Macro View

Authors: Roger LeRoy Miller

19th Edition

0134478762, 978-0134478760

More Books

Students also viewed these Economics questions

Question

★★★★★

What are the three limitations of the income statement?

Answered: 1 week ago

Question

★★★★★

On June 30, 2024, the Esquire Company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. The note requires payment of $30,000 on March 31, 2025. The fair value of the...

Answered: 1 week ago

Question

★★★★★

The following data are the front and rear leg rooms (in centimetres) for nine different sports utility vehicles: 1. Since the data involve two variables and a third labelling variable, enter the data...

Answered: 1 week ago

Question

★★★★★

Calculating Investment Returns You bought one of Great White Shark Repellant Co.s 7 percent coupon bonds one year ago for $920. These bonds make annual payments and mature six years from now. Suppose...

Answered: 1 week ago

Question

★★★★★

What was the last major project/investment that Pier 1 Imports made? What was the purpose of that investment? Has the investment paid-off or performing the way it was expected? Explain. Was there a...

Answered: 1 week ago

Question

★★★★★

CL727 LEGAL ANALYSIS AND WRITING Module 11 Assignment: Brief Answer, Analysis, and Conclusion This assignment will be due in Module 11. Your assignment is to write the Brief Answer, Analysis, and...

Answered: 1 week ago

Question

★★★★★

Consider the following grammar: k | klm Upload the file with the parse tree of derivation that produces one particular string based on the given grammar rules. Please make the parse tree. I don't...

Answered: 1 week ago

Question

★★★★★

Draw an arc which is tangent to two arcs using CAD software (for example, AutoCAD). Tangent

Answered: 1 week ago

Question

★★★★★

In a future career in the sports industry, you are placed in a position in which your decisions will impact internal and external stakeholders. Explain how you plan to apply leadership and management...

Answered: 1 week ago

Question

★★★★★

PROBLEM 1 A four-bar mechanism is shown in its starting position in the figure above. You are to synthesize this mechanism for two positions such that tracer point P moves from coordinates 4.278 in.,...

Answered: 1 week ago

Question

★★★★★

A metal halide lamp has a correlate color temperature or effective blackbody temperature of 20103 K. Determine the emitted hemispherical power in a vacuum over the visible spectrum (0.4-0.7 m) and...

Answered: 1 week ago

Question

★★★★★

Based on the new case/reading, i.e., Finding Information for Industry Analysis (HBS, 2008), identify a minimum of five (5) sources of information which you would recommend to Eric Migicovsky (as of...

Answered: 1 week ago

Question

★★★★★

what recommendations would you make for the maris foods labour and staff relations issues

Answered: 1 week ago

Question

★★★★★

1. What will happen in the future

Answered: 1 week ago

Question

★★★★★

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago

Question

★★★★★

4. Achieve our positive goals (1 and 3 are motivated by avoiding the negative, while 2 and 4 are motivated by the positive). b. Initiative: When I communicate with others, I think it is very...

Answered: 1 week ago

Previous Question Next Question