Suppose the market for the apples is perfectly competitive. if the market price is 36 per box,

Question:

Suppose the market for the apples is perfectly competitive. if the market price is 36 per box, then the maximize profits, farmer smith should produce?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

See More Books

Question Posted: Mar 01, 2017 01:18 PM

See More Questions

Assume that the market for cardboard is perfectly competitive (if not very exciting). In each of the following scenarios, should a typical firm continue to produce or should it shut down in the short...
The following diagram shows the monthly demand for hot dogs in a large city. The marginal cost (and average cost) is a constant $2 per hot dog. a. If the market for hot dogs is perfectly competitive,...
The U.S. Supreme Court ruled in May 2005 that people can buy wine directly from out-of-state vineyards. The Court held that state laws requiring people to buy directly from wine retailers within the...
Pipestone Ltd. (Pipestone) uses an aging schedule to estimate the amount of receivables that won't be collected. Pipestone allows its customers up to 60 days to pay amounts owed. Any receivable...
What does the term expense mean?
Sales targets for the forthcoming year.
What are the steps in the new product development process?
The American Association of Individual Investors (AAII) On-Line Discount Broker Survey polls members on their experiences with electronic trades handled by discount brokers. As part of the survey,...
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the...
Industrial Designs has been awarded a contract to design a label for a new wine produced by Lake View Winery. The company estimates that 150 hours will be required to complete the project. The firms...
A brief description of the issue you selected and the competing interests involved. Then, explain the role that the competing interests play in advocating and formulating public policy related to...
In what ways do future generations benefit from this generation's deficit spending? Cite three examples.
Give an example of an incongruent distribution objective.
Reflect on your semester. How do you plan onmeasuringyour professionalgrowth in the future? What were the most challenging topics to you? What topics felt more intuitive/easy? How do you plan on...
Aside from shareholders, who do you believe is the second stakeholder in whose interests the company should be concerned? Justify your response What will you do to ensure the company's success...
a) What CSR did your organization do - how did it improve your organization's image? b) If your organization did not do any CSR, as the boss, what CSR activities would you suggest doing and why?
Do you believe NIL promotes "love of the game," or does it make college sports more about money and business? What are the most significant positive and negative effects of NIL, in your opinion? What...
Even well-managed organizations do not always work as efficiently and effectively as management would like. At Hewlett-Packard (HP), billions of dollars of product are being shipped - from computers...
What advantages does Netflix have over premium cable television channels? What advantages do these channels have over Netflix? Do you think this is a winner-take-all market, or is there room enough...
Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive 250 million in June...
An apparatus for measuring thermal conductivity employs an electrical heater sandwiched between two identical samples of diameter 30 mm and length 60 mm, which are pressed between plates maintained...
An engineer desires to measure the thermal conductivity of an aero-gel material. It is expected that the aero-gel will have an extremely small thermal conductivity. (a) Explain why the apparatus of...
A method for determining the thermal conductivity k and the specific heat c p of a material is illustrated in the sketch. Initially the two identical samples of diameter D = 60 mm and thickness L =...
Summarize in your own words Sharps, Treynors, and Jensens Measures for assessing portfolio performance with respect to risk. Assess the portfolio performance of mutual fund VDIGX taking into...
Question 1 Slat and Company have recently set up a business which will manufacture and sell a furniture component, the F12 On the 19 August 2021, the company issued 85,000 of share capital for cash....
The following is Addison Corporations contribution format income statements for last month. The company has no beginning or ending inventories. A total of 10,000 units were produced and sold last...

Suppose the market for the apples is perfectly competitive. if the market price is 36 per box,

Question:

Step by Step Answer:

Whatever quantity produced will be sold in perfectly competitive market and the firm ...View the full answer

Microeconomics

Students also viewed these Cost Accounting questions