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

Question

1 Approved Answer

Q15) The total cost of a purely competitive seller is shown in the table below: (2+1+2=5) Output Total Cost 10 14 3 17 1 19

image text in transcribed
Q15) The total cost of a purely competitive seller is shown in the table below: (2+1+2=5) Output Total Cost 10 14 3 17 1 19 5 22 6 26 18 37 44 Find the Total Fixed Cost. Total Variable Cost and Marginal Cost. If the price is Rs 5 per unit, how much should she produce to maximise profits? If the price falls to Rs 4 per unit, find her profit / loss. Should she shut down

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

The Strictures Of Inheritance The Dutch Economy In The Nineteenth Century

The Strictures Of Inheritance The Dutch Economy In The Nineteenth Century

Authors: Jan Luiten Van Zanden, Arthur Van Riel, Ian Cressie

1st Edition

0691229309, 9780691229300

More Books

Students also viewed these Economics questions

Question

★★★★★
We are given the following probability distribution. a. Calculate the mean, variance, and standard deviation. b. Suppose that Y = 3X + 2. For each value of X, determine the value of Y. What is the...

Answered: 1 week ago

Question

★★★★★
What are where-used and pegging reports? Give some of their uses.

Answered: 1 week ago

Question

★★★★★
Review behavior therapy techniques based on operant conditioning.

Answered: 1 week ago

Question

★★★★★
On January 1, 2017, Schipper Ltd. had the following shareholders' equity accounts: Common shares (1,000,000 issued)......................$1,500,000 Retained...

Answered: 1 week ago

Question

★★★★★
Name at least 4 precautions to prevent losses. Name at least 2 actions to take once a device is stolen to minimize losses.

Answered: 1 week ago

Question

★★★★★
Brief Exercise 9-51 Debt Issued at a Premium (Straight Line) On January 1. 2020, Solomon Crafts issued 60,000 8-year bonds with $1,000 face value. External markets value the bonds at $630,000 more...

Answered: 1 week ago

Question

★★★★★
Tesar Chemicals is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best...

Answered: 1 week ago

Question

★★★★★
Which statement about Pay What You Want ( PWYW ) pricing strategy below is CORRECT? 1 point In this strategy, customers will receive a product or service as long as they pay something. A firm using...

Answered: 1 week ago

Question

★★★★★
An aluminium rod is a total of 900mm long and 50mm in diameter. Part of this bar is turned down to 40mm diameter for a length of 50mm each end. Calculate the total elongation when subjected to an...

Answered: 1 week ago

Question

★★★★★
Mr. Manalo opened a mini grocery store with Business name Manalo Trading. Operations began on April 1, 2021, and the following transactions were completed during the month: 1 Mr. Manalo withdrew...

Answered: 1 week ago

Question

★★★★★
Sharon contributes 5% of her annual earnings of $40,000.00 to her defined contribution pension plan. Her employer matches her contributions. Calculate Sharon's pension adjustment

Answered: 1 week ago

Question

★★★★★
5. How is communication affected by how we demarcate the boundaries of a problem?

Answered: 1 week ago

Question

★★★★★
7. How does the framing of a situation affect the situation regarding communica-tion?

Answered: 1 week ago

Question

★★★★★
1. To generate a discussion on the concept of roles

Answered: 1 week ago

Previous Question Next Question