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Leno4ka [110]
3 years ago
15

basic commodities such as farm goods are bought and sold in which market structure? a. perfect competition b. monopoly c. oligop

ly d. monopolistic competition
Business
1 answer:
Artyom0805 [142]3 years ago
4 0
Monoply, if you dominate the competition then you can sell those items that are less extravagant because you don't have any compettition hence the monoply.
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Suppose in the short run a firm’s production function is given by Q = L 1 2 K 1 2 and that K is fixed at K = 10. If the price of
Furkat [3]

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Solution:

The production function is Q = \sqrt{L * K}

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Q = \sqrt{L * K}

Q = \sqrt{L * 10}

L = (\frac{Q}{3.162} )^{2}

The wage rate is $15 . The following is the expense of the manufacturing process.

TC = P_{L} * L + P_{K} * K

TC = ( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]

The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.

As listed below, the marginal cost:

TC = ( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]

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What can you do when you reach a deadlock in a negotiation?
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Blaster, Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52, which has a standard cost of $1.25 per
garik1379 [7]

Answer:

1,065 U

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Materials Price Variance = Actual Quantity Purchased * (Standard Price – Actual Price)Actual Price= Total Cost / Quantity Purchased

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=21,300*0.05

=1,065 U

During May, the materials price variance for part XBEZ52 was 1,065 which is Unfavourable because the actual

purchase price is higher than standard.

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