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IgorLugansk [536]
3 years ago
14

Suppose that an industry is characterized as follows: C  100  2q2 each firm’s total cost function MC  4q firm’s marginal cost

function P  90  2Q industry demand curve MR  90  4Q industry marginal revenue curve a. If there is only one firm in the industry, find the monopoly price, quantity, and level of profit. b. Find the price, quantity, and level of profit if the firm charges the competitive price. c. Graphically illustrate the demand curve, marginal revenue curve, marginal cost curve, and average cost curve. Identify the difference between the profit level of part a and part b in two different ways. (optional) Verify that the two are numerically equivalent.

Business
1 answer:
hjlf3 years ago
5 0

Answer:

Explanation:

find the attached solution below

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Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an annual demand of 395 units.
Sergeu [11.5K]

Answer:

77.48 units

Explanation:

Data provided in the questions

Annual demand = 395 units

Ordering cost = $38

Holding cost per unit per year = $5

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{395}\times \text{\$38}}{\text{\$5}}}

= 77.48 units

hence, the economic order quantity is 77.48 units

We simply applied the above formula so that approximate units could come. And it always expressed in units

8 0
3 years ago
After freezing salaries for three years, Solo Music Publishers determined that employees with two to three years of experience w
dimulka [17.4K]

Answer: C) Benchmark against local and national markets

Explanation:

This is the best answer because Solo Music Publishers is losing employees to rivals because they offer better salaries. Should they then align their salary package to that of rivals at a local and national scale, they will become more competitive and hence more attractive. Baring other factors then, they should lose no more employees based on salary structure alone.

5 0
3 years ago
If aggregate demand (ad and nominal gdp (gdp increase while the price level is constant, we would conclude that:
Ivahew [28]
If the aggregate demand is increasing while the price level remains constant, it means that the spending and consumption in a macroeconomic setting is increasing. Given the constant range prices, consumers are now able to spend more therefore pushing the demand higher.
8 0
3 years ago
Read 2 more answers
22. Analysts who follow Howe Industries recently noted that, relative to the previous year, the company’s net cash provided from
Zanzabum

Answer:

b.The company made large investments in fixed assets.

Explanation:

When company cuts dividend , cash in balance sheet will not reduce . It wii be in the form of reserve.

When company makes investment in fixed asset , its cash will decrease.

When the company sold a division and received cash in return , its cash will increase.

The company issued new common stock , its cash will increase .

The company issued new long-term deb , its cash increases .

So option b is correct.

7 0
4 years ago
Entrepreneurs are well compensated in a market economy if they provide high utility to consumers at a relatively low ______.
AysviL [449]

Answer: cost

Explanation: In a market economy, the price of the product or service offered are determined by the market forces of demand and supply. Govt. intervention in regulating the market forces is minimal in such markets.

Thus, if the entrepreneurs produce goods at a low cost they will price it low leading to high demand for their product. Thus, they will be compensated well if they cost their product lower than others.

5 0
3 years ago
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