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kow [346]
3 years ago
8

Each firm in a competitive market has a cost function​ of: Upper C equals 49 plus q squared​, so its marginal cost function is M

C equals 2 q. The market demand function is Upper Q equals 49 minus p. Determine the​ long-run equilibrium​ price, quantity per​ firm, market​ quantity, and number of firms. The output per firm is nothing. ​(round your answer to the nearest​ integer)
Business
1 answer:
adell [148]3 years ago
3 0

Answer:

Output = 5

Explanation:

As per the data given in the question,

Output per firm :

Marginal cost = Average total cost

MC = ATC (Since in long run each type of firm is earning zero economic profit)

(49 + q^2)  ÷ q = 2q

49 + q^2 = 2q^2

49 = q^2

q = 7

Average total cost = (49 + 49) ÷ 7

= 98 ÷ 7

= 14

Hence, Price = min ATC = MR = 14

Market quantity (Q)

= 49 - 14

= 35

Number of firms

= Total quantity ÷ Output per firm

= 35 ÷ 7

= 5

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Answer:

The correct option is<em> "A." which is  "believed that the free market assured personal freedom."</em>

The Young Americans for Freedom was based on the<em> Sharon Statement.</em>

<em></em>

Explanation:

<em>The Young Americans for Freedom (YAF) </em><em>is an ideologically conservative youth activism organization that was founded in 1960 as a coalition between traditional conservatives and libertarians on American college campuses.</em>

<em />

<em>The summary of the Core Principles of the Sharon Statement are:</em>

  • <em>    Individual freedom and the right of governing originate with God;</em>
  • <em>    Political freedom is impossible without economic freedom;</em>
  • <em>    Limited government and strict interpretation of the Constitution;</em>
  • <em>    The free market system is preferable over all others;</em>
  • <em>    Communism must be defeated, not contained.</em>
8 0
3 years ago
Read 2 more answers
Bonnie Austin, age 30, used to work part time in a local restaurant. This year she quit her job to take care of her five-month-o
sergiy2304 [10]

Answer:

The survey conducted by the Bureau of Labor Statistics today will count Bonnie as not in the labor force .

Explanation:

" not in the labor force " -

The people who are not employed and even are not unemployed are called the " not in the labor force " .

The people who are present in this category are the -

  • retired peoples ,
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  • The people taking care of children ,
  • people who are not working but searching for job ,

All of them fall in this category .

Hence , according to the survey , Bonnie is under the category of " not in the labor force " .

3 0
3 years ago
4) All of the following are true of known liabilities except:A) Include accounts payable, notes payable, and payroll.B) Are obli
Thepotemich [5.8K]

Answer: E) May depend on some future event occurring. It is not a characteristic of known liabilities.

Explanation:  Unknown or uncertain liabilities are those whose existence depends on the occurrence of a future event.

Known liabilities <u>are definitely determinable and measurable.</u>

<u />

3 0
3 years ago
The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below.
Arlecino [84]

Answer:

Date   Accounts Titles & Explanation  Debit  Credit

Dec 31    Rent Expense                          $2,040

               ($6,120 *2/6)

                      Prepaid Rent                       $2,040

Dec 31     Deferred Revenue                 $525

                      Service Revenue                           $525

Dec 31    Salaries Expense                     $700

                      Salaries Payable                           $700

Dec 31     Supplies Expense                  $2,390

                ($3,100 - $710)

                      Supplies                                       $2,390

       

              Demon Deacons Corporation

                 Adjusted Trial balance

                  December 31, 2021

         Accounts             Debit$        Credit$

Cash                               9,100

Account receivable       14,100

Prepaid rent                   4080

Supplies                          710

Deferred revenue                               1,575

Salaries payable                                  700

Common stock                                    11,000

Retain earnings                                   5,100

Service revenue                                 45,245

Salaries expenses          31,200

Rent expenses                2,040

Supplies expenses         <u>2,390</u>          <u>              </u>

Total                                $<u>63,620</u>     $<u>63,620</u>

Prepaid rent = 6,120 - 2,040 =  4080

Supplies = 3100 - 2390 = 710

Deferred revenue = 2,100 - 525 = 1575

8 0
3 years ago
After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was ev
Luden [163]

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for <u>grease payments.</u>

<h3><u>Grease payments are what?</u></h3>

While a grease payment is made to hasten a trade or transaction, the former. The purpose of a grease payment is to expedite the process rather than to actually complete a transaction. Grease payments are not allowed under the FCPA as a way to influence the decision-making process of foreign officials.

In the event that they did, the money would be seen as a bribe and would be prohibited. It all comes down to the purpose of the money, and there is a very thin line between a greasing payment and a foreign bribe.

Learn more about grease payments with the help of the given link:

brainly.com/question/14529082

#SPJ4

<u>Correct question:</u>

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for ______.

Multiple choice question.

a) grease payments

b) import tariffs

c) commission payments

d) export tariffs

6 0
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