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
Mrac [35]
3 years ago
12

The table shown below gives the short-run total cost function Noel’s window cleaning firm. This firm competes in a perfectly com

petitive market.
Number Of Jobs Completed Total Costs in $$
0 30
1 37
2 48
3 65
4 92
5 129
6 169

Noel’s firm charges the market price for window washing jobs, $30/job. At what output will the firm maximize profit? What will that profit be?
Business
1 answer:
lesya692 [45]3 years ago
4 0

Answer:

profit maximizing output is 4; $28

Explanation:

Noel’s firm charges the market price for window washing jobs = $30/job

Marginal cost for the 5th unit of output:  

= Total cost from 5th unit - Total cost from 4th unit

= $129 - $92

= $37

At 5th level of output, the marginal cost is greater than the market price for window washing jobs.

Therefore, the profit maximizing output is 4.

Profit = (market price × output) - Total cost

        = ($30 × 4) - 92

        = $120 - $92

        = $28

You might be interested in
Match each of the following characteristics or scenarios with either the term negative externality or the term positive external
Nataly_w [17]

Answer:

Explanation:

negative externality (NE)

positive externality (PE)

a. Overallocation of resources: NE

b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block. PE

c. Market demand curves are too far to the left (too low). NE

d. Under allocation of resources. PE

e. Water pollution from factory forces neighbors to buy water purifiers. NE

4 0
3 years ago
Which is an example of social responsibility in the business world
NNADVOKAT [17]
A. Offering a safe product will make more people want to buy that particular product.
8 0
4 years ago
Which leadership style did the CEO of the healthcare system demonstrate in the EHR selection process?
mestny [16]

Answer:

The characteristics that health care must demonstrate and should have focus are:

- Compliance with regulatory standards

- Ability to manage

- Knowledge about the field of interest

- Event prevention

- handle from the different equipment and platforms

7 0
3 years ago
Zoe takes out a discounted loan for $1,200 at a simple interest rate of 6%, but only receives $1,020 into her bank account. What
I am Lyosha [343]

Answer:  35 months

Explanation:

Interest to be paid = 1,200 - 1,020

= $180

This means that;

180 = 1,020 * 0.06 * t

61.2t = 180

t = 2.94 years

In months

= 2.94 * 12

= 35.28

= 35 months

3 0
4 years ago
What might be the short run impact of a completely open immigration policy that allowed labor to move freely across the U.S. bor
ASHA 777 [7]
Increased US inhabitants,, extremely higher demand for jobs, maybe even shortages of them. Things like that.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Which market segment should a no-frills hotel target?
    9·2 answers
  • _______ are people who take it upon themselves to handle the pain and stressors that are part of everyday life in organizations.
    13·1 answer
  • Economics studies Scarcity.
    8·1 answer
  • Which statement is accurate about safe posture?
    14·1 answer
  • When marketers at walmart first establish a set of communication objectives, then determine which media best reaches the target
    5·1 answer
  • Suppose the state of Florida passes a law that increases the tax on alcoholic beverages. As a result, resi-dents in Florida star
    6·1 answer
  • Which of the following manufacturing costs is an indirect cost of producing a product? amissions for sales personnel b.memory ch
    15·1 answer
  • Which of the following is regulated by the FLSA? A. Affirmative action B. Health and safety procedures C. Labeling of food produ
    12·2 answers
  • Under IRS rules, if a customer selling shares of stock wishes to use specific identification instead of FIFO for cost basis repo
    9·1 answer
  • A key part of agile work at Louis Vuitton is having employees who are Multiple Choice from other industries from which they can
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!