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3 years ago

If the market price is $10, what is the firm's total cost?

1 answer:

3 0

<span>Answer: Profit per unit is equal to price minus average total cost. Since this is a perfectly competitive firm, it takes the market price as given; thus the firm's price is $10 per unit. At its current level of output, this firm's average total cost is $8 per unit. Thus this firm's profit per unit is $(10 â€“ 8) = $2 per unit</span>

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This is your chance to calculate demand elasticities for health care. Suppose you are collecting data from a country (like Japan

sergejj [24]

Answer:

Arc price elasticity of demand = -0.273

Explanation:

This problem is solved as follows:

1. Identify the data.

Outpatient visit Price / visit

Tokyo 1.25 / month 20y

Hokkaido 1.5 / month 10y

Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:

Qt (Outpatient visits in Tokyo) = 1.25 / month

Qh (Outpatient visits in Hokkaido) = 1.5 month.

With the following prices:

Pt (Price in Tokyo) = 20y

Ph (Price in Hokkaido) = 10 y

2. Apply the formula to calculate arc-elasticity of demand:

$Ep^{arc} = \frac{Pt+Ph}{Qt+Qh} *\frac{Qh-Qt}{Ph-Pt}$

We replace the data:

$Ep^{arc} = \frac{20+10}{1.25+1.5} *\frac{1.5-1.25}{10-20}$

$Ep^{arc}= \frac{30}{2.75} *\frac{0.25}{-10} = 10.91 *-0.025$

$Ep^{arc} = -0.27275$

Final answer: -0.27275 or -0.273

6 0

2 years ago

Explain why two employees at a company, earning the same gross pay, might have different net pays.

Orlov [11]

It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .

4 0

3 years ago

Read 2 more answers

If 5.71 mL of the S2O32- solution are required to reach the endpoint of the titration, what is the molarity of S2O32- in the sol

BARSIC [14]

Answer: The question is incomplete as some details are missing. here is the complete question ; To standardize a thiosulfate (S2O32-) solution, 10.00 mL of a 1.25×10−2 M IO3- solutionare treated with excess I- to generate I3- according to Equation 3 on page 162 in the lab manual. If 5.71 mL of the S2O32- solution are required to reach the endpoint of the titration, what is the molarity of thiosulfate in the solution?

Using this equation: I3(aq)+2S2O32-(aq)->3I(aq) + S4O62-(aq)

Explanation:

from the equation ; ClO(aq) + 3I(aq) + H2O(I) ------> I3(aq) + CI(aq) + 2OH(aq) (Equation 1)

from the equation ; I3(aq)+2S2O32-(aq)->3I(aq) + S4O62-(aq) (equation 2)

from another equation ; IO3- (aq) + 8I-(aq) + 6H+(aq) ----> 3I3-(aq) + 3H2O(I) (Equation 3)

The balancing of equation (1) and equation (2) gives equation 3

Given molarity of IO3- (aq) = 1.25M x 10^-2

from the reaction concentration in equation 3; 1mole of IO3- (aq) gives 3moles of I3-(aq)

therefore moles of I3-(aq) = 3 x 1.25 x 10^-2 = 3.75 x 10^-2M

from the reaction in equation 2 ; I3(aq)+2S2O32-(aq)->3I(aq) + S4O62-(aq)

for I3-(aq), C1 = 3.75 x 10^-2M, V1 = 10.0mL, n1 = 1

for S2O32-(aq), C2 = ?, V2 = 5.71mL, n2 = 2

recalling that C1V1/N1 = C2V2/N2

C2 = C1V1 x n2/V2 x n1

Substituting; C2 = 3.75 x 10^-2M x 10.0mL x 2 / 5.71mL x 1

C2 = 0.131M = is the molarity of S2O32-(aq) in the solution

8 0

3 years ago

Often, products enter the Blank______ stage of the product life cycle not due to any error in strategy but because of environmen

Anna35 [415]

Often, products enter decline the stage of the product life cycle not due to any error in strategy but because of environmental changes.

<h3>What is product life cycle?</h3>

A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.

<h3>What is the decline stage?</h3>

The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.

The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.

Learn more about Decline Stage of Product on:

brainly.com/question/6960017

#SPJ4

4 0

1 year ago

An employee learns how to do her job by working closely with her team leader, observing and learning how the process functions.

Zigmanuir [339]

Answer: on-the-job training

Explanation:

On-the-job training is a method in which employees are trained by observation and imitation of their superiors.

It is an efficient method of learning because it involves 'doing' that is practical.

The employees learn the skills required to carry out their functions in the workplace and also get familiar with the working environment.

On-the-job training also helps to reduce the organization's cost of training new staff. They don't need to pay to training instructor or send new employees to take courses concerning their functions.

On-the-job training methods includes the following:

1) Coaching

2) Job rotation

3) Job instructional training

4) Mentoring

5) Apprenticeship

6) Understudy

4 0

3 years ago