1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
1 year ago
14

If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price o

f $10, the total quantity supplied by all three firms is?
Business
1 answer:
Vesnalui [34]1 year ago
7 0

If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price of $10,  The total quantity supplied by all three firms is =10+20+5=25

in a competitive market p= mc.

Here p is given as $10

Thus MC = 10

first firm-

MC1 =Q1

ie, 10=10

=10 quantity supplied

Firm 2

MC2 =.50Q2

10=0.50(Q2)

Q2=10/0.50=

= 20 quantity supplied

Firm 3

MC3 =2Q3

10=2(Q3)

Q3 =10/2=5

= 5 quantity supplied.

In economics, marginal cost is the change in total cost that occurs when output increases, the cost of producing additional quantity.

Learn more about marginal costs here: brainly.com/question/12231343

#SPJ4

You might be interested in
(last word) based on economic theory and research on tuition costs and student borrowing, the best way to reduce tuition costs f
Rina8888 [55]

Answer:

Increase Subsidies for student loans.

Explanation:

By increasing subsidies on student loan, student can acquire higher loans to pay off tuition fees because they are sure of paying back less loan and lesser interest on the loans.

7 0
3 years ago
The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of
Finger [1]

<u>Full question:</u>

The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of heavy glass that will not break easily. Through its advertising, Golden Harvest advertises that its jars are made with a glass that is 100 percent free of all impurities. In this way, Golden Harvest is using _____ to differentiate its product from those of the Mason brand.

A. hidden difference

B. differentiation cue

C. imperceptible difference

D. sensory cue

E. Perception filter

<u>Answer:</u>

In this way, Golden Harvest is using hidden difference to differentiate its product from those of the Mason brand.

<h3><u>Explanation:</u></h3>

Advertising is the usual means of obtaining a good and service perceived to a public. Hidden differences are the ones where the customers don't know what these variations are so that's why they have to be advertised. Hidden differences are not easily manifest.

Product differentiation is a purchasing plan that aims to recognize a company's goods from the opponent. Auspicious product differentiation includes recognizing and expressing the individual features of a company's presents while highlighting the clear differences among those offerings and others on the market.

3 0
3 years ago
Eve and her three college friends enjoy perfumes. As a special gift to each of them last holiday season, she found a way to make
Ksivusya [100]

Answer:

B. when you successfully fill a market need, you can make money.

C. The Internet is a way to distribute just about anything.

5 0
3 years ago
Read 2 more answers
To retain its edge in the organic health food market, Natura has established a high-priority team comprised of senior executives
polet [3.4K]

Answer:

Cross-functional

Explanation:

It is a team composed of people with different skills necessary to complete the work.

A cross-functional device is one that:

   As a whole it is self-sufficient.

   He has the knowledge and skills necessary to build the part of the product that corresponds to him.

   Each member's specialty can be complemented by some other team member.

In a multifunctional development team, speed and productivity are triggered because, not depending so much on other people to do the job, request information, resources or requests from different managers, much time is saved in the process.

5 0
3 years ago
Which of the following is not a product cost?
Sedbober [7]

Explanation:

d indirect materials used in production hope it's right

6 0
3 years ago
Other questions:
  • ​Valley, Inc. has​ 9,000 shares of preferred stock outstanding. The preferred stock has a​ $90 par​ value, a​ 14% dividend​ rate
    8·1 answer
  • A clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid, is :
    14·1 answer
  • What is one of the three functions of the central vision area of a driver?
    12·1 answer
  • Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prio
    5·1 answer
  • Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct materials $ 1.00 Direct labor 10.
    12·1 answer
  • Friends of the Court" documents filed by interested parties to encourage the Court to grant or deny certiorari, or to urge the C
    10·1 answer
  • Current GAAP requires that share-based compensation be expensed at the grant date of the stock options award.
    8·1 answer
  • Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
    9·1 answer
  • What is the minimum value of the box-and-whisker plot?
    14·1 answer
  • The management team at Pass the Ketchup Brands has decided not to license its product because of concerns that this will create
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!