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2 years ago

An imperfectly competitive firm has the following total cost curve: c = 100 4q. what is average total cost equal to when q = 10?

Business

1 answer:

liraira [26]2 years ago

6 0

The total cost $= 100 + 4q$

So, Marginal cost $= d/dq (TC) = d/dq (100 + 4q) = 4$

So, marginal cost is constant and its value is 4 for any unit.

So, when $q = 10$ , marginal cost $= 4$ .

Total cost $= 100 + 4* 10 = 140$

$Average total cost = TC/q = 140/10 = 14$

The average total cost equal to when $q = 10$ is 14.

<h3>What is the issue with markets that are Imperfectly competitive?</h3>

If imperfectly competitive markets acted competitively, the value of economic activity as measured by the total of producer and consumer surplus would be higher.
In other words, unfair competition causes a misallocation of resources that harms the economy.
Illustrations of Imperfectly competitive firm are,
Both oligopolies and monopolies are Imperfectly competitive firms.
If a company has a monopoly, it may be able to charge prices that are excessive by conventional standards.
Government intervention.
The stock market.

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One reason that some central banks try to control exchange rates is that doing so helps control inflation.A. TrueB. False

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Answer:

A. True

Explanation:

The central bank (reserve bank, monetary authority) is the institution responsible for the monetary policy of a country or group of countries. The main purpose of the central bank is to maintain the stability of the currency and the money supply. However, central banks also have duties such as being the last credit authority of the banking sector and controlling the interest rate. In addition, the central bank may have powers, such as supervising banks and other financial institutions, against negligence and fraud. Central banks play the role of banks for private banks and the government of the country. Process checks and lend to members. Central banks keep their foreign currency in foreign currency reserves. These resources are used to fluctuate exchange rates. Usually they add dollars or euros in order to match their currencies. This is said to be strong and helps exporters keep their prices competitive. Central banks also regulate exchange rates as a way of controlling inflation. They buy and sell large quantities of foreign currency for supply and demand.

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3 years ago

In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchas

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Answer:

The answer would be All of the above.

Explanation:

All the above mentioned parties are related with discharge of the chemical and are liable to get the clean up done. Marcantuone and Gieson are liable as they are the owners, Lessees of the dry cleaning establishment are liable as they are the ones who operated on the effected land and Previous owners under whose ownership the lessees had taken the land on lease for a dry cleaning property.

All the parties are liable for the clean up as well as the damage occured post the clean up as well as per the law.

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3 years ago

Which of the following constitutes constructive receipt in the current year ended December 31?a. A salary check received at 6:

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Answer:

a. A salary check received at 6:00 p.m. on December 31, after all the banks have closed.

b. A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.

Explanation:

The principle of constructive receipt is determined by when the person who receives the income had control over it. An individual or company is considered to have control over income when it is credited to that person or company. Basically, it's when you could spend that income if you wanted, even if you don't spend it.

From the principle of constructive receipt in the above paragraph, only option a (A salary check received at 6:00 p.m. on December 31, after all the banks have closed.) and b ( A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.) fall within the category. The other three options, the person is unable to spend the check even if they wanted to, until after December 31.

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3 years ago

At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly bas

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Answer:

Employee Salary Hrs. Worked Cumulative Taxable

Wages as of Last Pay Period

King, M. $135,200 (year) 40 $132,600.00

Manera, E. $6,500 (month) 40 $76,500.00

Tate, S. $3,900 (month) 48 $45,900.00

Yee, L. $12.50 (hour) 44.5 $27,675.13

Diaz, R. $12.50 (hour) 48 $14,778.96

Zagst, J. $14.50 (hour) 52 $24,703.02

(a) regular earnings,

King, M. $135,200 / 52 weeks = $2,600

Manera, E. $1,500 weekly salary

Tate, S. $900

Yee, L. $12.50 x 40 = $500

Diaz, R. $12.50 x 40 = $500

Zagst, J. $14.50 x 40 = $580

(b) overtime earnings,

King, M. $0

Manera, E. $0

Tate, S. [($900 / 40) x 8 x 1.5] = $270

Yee, L. $12.50 x 4.5 x 1.5 = $84.38

Diaz, R. $12.50 x 8 x 1.5 = $150

Zagst, J. $14.50 x 12 x 1.5 = $261

King, M. $2,600

Manera, E. $1,500

Tate, S. $1,170

Yee, L. $584.38

Diaz, R. $650

Zagst, J. $841

(d) FICA taxable wages (the FICA taxes limit for 2020 is $137,700, so everyone will be taxed)

King, M. $2,600

Manera, E. $1,500

Tate, S. $1,170

Yee, L. $584.38

Diaz, R. $650

Zagst, J. $841

(e) FICA taxes to be withheld

King, M. $2,600 x 7.65% = $198.90

Manera, E. $1,500 x 7.65% = $114.75

Tate, S. $1,170 x 7.65% = $89.51

Yee, L. $584.38 x 7.65% = $44.71

Diaz, R. $650 x 7.65% = $49.73

Zagst, J. $841 x 7.65% = $64.34

(f) net pay for the week ended

King, M. $2,600 - $198.90 = $2,401.10

Manera, E. $1,500 - $114.75 = $1,385.25

Tate, S. $1,170 - $89.51 = $1,080.49

Yee, L. $584.38 - $44.71 = $539.67

Diaz, R. $650 - $49.73 = $600.27

Zagst, J. $841 - $64.34 = $776.66

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3 years ago

Which of the following is an advantage of partnerships over sole

miss Akunina [59]

The correct answer is A.

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3 years ago

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