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
evablogger [386]
3 years ago
12

Each firm in a competitive market has a cost function​ of: Upper C equals 25 plus q squared​, so its marginal cost function is M

C equals 2 q. The market demand function is Upper Q equals 35 minus p. Determine the​ long-run equilibrium​ price, quantity per​ firm, market​ quantity, and number of firms.
Business
1 answer:
Effectus [21]3 years ago
3 0

Answer and Explanation:

The computation is shown below:

TC = 25 + q^2

Now

Marginal cost is

= dtc ÷ dQ

= 2q

Average variable cost  (AVC) = q

We Assuming perfect competition so there is a free entry so no profits

Therefore

ATC = P

ATC = TC ÷ q  

= q + 25 ÷ q

Now

MC = MR = P = ATC

2q = q + 25 ÷ q

q = 25 ÷ q

q^2 = 25

So, Quantity per firm = q = 5

Now

P = MC = MR = ATC

= q + 25 ÷ q  

= 5 + 25 ÷ 5  

= 5 + 5

= 10

hence, equilibrium price is 10

Now

Q = 35 - P  

= 35 – 10

= 25

Hence, Market quantity (Q)  = 25

And, the number of firms i.e n

N = Q ÷ q  

= 25 ÷ 5

= 5

You might be interested in
_____ innovations pertain to the administrative domain in an organization. Group of answer choices Technology Strategy and struc
OleMash [197]

Strategy and structure innovations pertain to the administrative domain in an organization.

<h3>What is organization structure?</h3>

Organizational structure are set of actions carried establised by an organization, which ultimately guide how they operate.

The structure shows how certain activities are directed in order to achieve the goals of an organization like roles and responsibilities.

Hence, strategy and structure innovations pertain to the administrative domain in an organization.

Learn more about organization structure here : brainly.com/question/17753589

6 0
2 years ago
Recently when Mosaic Ltd was falling short of funds to meet the floatation costs of its upcoming issue of preference shares, the
slavikrds [6]

Answer:

The floatation cost may be defined as the cost that is incurred or earned by any organization or a firm whenever they issue new stocks in the market. Here in the context, Mosaic Ltd is having shortage of money to incur the cost of the upcoming preference shares that they will issue. So they had raised deposits from another firm, Rosaic Ltd which had a surplus amount of fund. The money raised by Mosaic is a kind of security bond or transfer of money to another party for the safe keeping. The other firm i.e Mosaic Ltd. will return the money to Rosaic Ltd. later.

3 0
4 years ago
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July 1, 2016, at a price of $380
SpyIntel [72]

Answer:

Cash flow from financing activities-$380 million

Cash flow from operating activities($18*2)   ($36 million)

Explanation:

The amount received from the issue of bonds would appear in the cash flows under the financing activities as cash inflow since the bondholders mad cash available to Agee Technology Inc, in form of loan repayable in future.

The coupon interest for the year (both for June 30 and December 31) would appear as cash outflow under the operating activities section of the statement of cash flow.

Coupon payment for June=$400 million*9%*6/12=$18

Coupon payment for December=$400 million*9%*6/12=$18

The coupon payment for December is included since the payment is made on 31st December,there should not be any time lag between payment and recording the necessary entries.

5 0
3 years ago
Commercial Construction, Inc. (CCI), contracts to build a store for Rita's Pizza Company with Rita's payment due on June 1. On J
krek1111 [17]

Answer:

The correct option is B, Rita's is in breach of contract.

Explanation:

Breach of contract occurs when a party or parties to a legally binding and enforceable agreement refuse to discharge their duties as stipulated in the contract.

Even though Rita's inability to pay as at when due was not intentional as Rita's bank had closed, the onus is still on the company to fulfill its obligation.

It is important that both parties find an amicable way to enforce the terms of the contract or Commercial Construction ,Inc (CCI) tries recover financial damages caused to it by the breach or in an extreme situation, they settle for lawsuit.

6 0
4 years ago
Read 2 more answers
Concord has the following inventory information. July 1 Beginning Inventory 30 units at $19 $570 7 Purchases 80 units at $18 144
Alla [95]

Answer:

$1560

Explanation:

The inventory in hand is 35 units and the total number of units are 120 units which means the units sold are 85. According to First in First Out method, the total units that are sold first are 30 units at the rate $19 per unit and 55 units at the rate $18 per unit.

This means:

Inventory sold = $19*30 + $18*55 = $1560

So the amount allocated to cost of goods sold is $1560.

7 0
3 years ago
Other questions:
  • When pete mills went to withdraw $5,000 from the nationwide fidelity mutual fund, he was informed that the fund would charge 5 p
    7·1 answer
  • All of the following are examples of federal grants except _____.
    6·1 answer
  • When the needs of individual consumers in a target market for a specific product are similar and the organization can satisfy mo
    6·1 answer
  • Suppose you were borrowing money to buy a car. Consider the following situations. Situation​ 1: Suppose the interest rate on you
    12·1 answer
  • The media help propel a transnational culture of ________, as they spread information about products, services, rights, institut
    10·1 answer
  • The aspect of business ethics that examines business institutions from a social rather than an individual perspective is referre
    13·1 answer
  • A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set
    5·1 answer
  • Joann finances her purchase of a $250,000 house with a 7/23 balloon payment mortgage. She pays 30 percent down on her home, and
    7·1 answer
  • On August 25, a privately owned company exchanged 10,000 shares of its private common stock for land. There is no readily availa
    8·1 answer
  • What is the primary target market for a best cost-provider?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!