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Phantasy [73]
3 years ago
8

Suppose a perfectly competitive​ firm's total cost of production​ (TC) is:

Business
2 answers:
Ksivusya [100]3 years ago
8 0

Answer:

P = 3q^2 - 8q + 60 for prices above $56

Explanation:

The firm's short run supply curve is the portion of its marginal cost curve. The firm's marginal cost of production is the change in its total cost of production from producing one additional unit. The firm's short run supply curve lies above its average variable cost curve. If the price in market rises the firm will sell more products. The short run supply curve is upward sloping because quantity supplied increases when the prices are increased.

deff fn [24]3 years ago
7 0

Answer:

The firm's short-run supply curve is  P = 3q^2- 8q + 60 for prices above $56

Explanation:

Given Data;

TC(q) = q^3 - 4q^2 + 60q + 15

MC = 3q^2 - 8q + 60

But,

Fixed Cost, FC = TC(0) = 15

Therefore, the variable cost becomes

VC(q) = TC(q) - FC

         = q^3 - 4q^2 + 60q

Since average variable cost = VC(q) /q, the equation becomes;

AVC(q) = VC(q)/q

            = (q^3 - 4q^2 + 60q)/q

            = q^2 - 4q + 60

When the curve is at a minimum point, AVC'(q) = 0

Therefore,

q2 - 4q + 60 = 0

2q - 4 + 0 = 0

2q = 4

q = 4/2

q = 2

Since q = 2,

AVC(2) = 22 - 4*2 + 60 = 4 - 8 + 60 = $56

Therefore, the short-run supply curve of the firm is P = 3q2- 8q + 60 for prices above $56

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For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 350 units, and the total annual inve
Zina [86]

Answer: $3 per unit per year

Explanation:

Inventory holding cost per unit for this item is:

= Total Annual inventory carrying cost / Average inventory

Total Annual inventory carrying cost = Total annual inventory / 2

= 1,050 / 2

= $525

Average inventory = EOQ / 2

= 350 / 2

= 175 units

Inventory holding cost per unit = 525 / 175

= $3 per unit

4 0
3 years ago
All of the following are competitive forces in Porter's model except: Group of answer choices customers disruptive technologies
Aloiza [94]

The option that is not among the Porter's five forces is disruptive technologies.

<h3>What are the Porter's five forces?</h3>

The Porter's five forces is used to analyse the competitive forces of firms operating in a particular industry.

The Porter's five forces are:

  1. Competition in the industry.
  2. Potential of new entrants into the industry.
  3. Power of suppliers.
  4. Power of customers.
  5. Threat of substitute products

To learn more about the porter's five forces, please check: brainly.com/question/5183977

3 0
2 years ago
An organization of high school seniors performs services for patients at Leer Hospital. These students are volunteers and perfor
Aloiza [94]

"An organization of high school seniors performs services for patients at Leer Hospital."The amount that should be reported for donated services is 0$. This is further explained below.

<h3>What have donated services?</h3>

Generally, donated services are simply defined as Contributed premises, advantageous financial agreements, or donated services are all ways in which a nonprofit might benefit from the generosity of others.

In conclusion, free labor, A unique collection of abilities is required, and we were going to buy it anyhow.

Read more about donated services

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5 0
2 years ago
A stock person at the local grocery store has a job consisting of the following five segments: (1) picking up boxes of tomatoes
Elden [556K]

Answer:

option 1 and option 2

Explanation:

option 1 and option 2

1)Take up the box: force is upwards, displacement is upwards as well, so good work as force & displacement are in the same direction

2) Accelerating:: because the individual is moving, force is positive, displacement is also in the same direction, so the work is positive.

3) carrying box at fixed speed :: as speed remain constant , force = 0 , therefore work =0

4) Decelerating to stop :: force is -ve because it is moving to finally stop, thus negative work

5) Lowering of the box :: force acts up direction , displacement is down , hence -ve work

7 0
3 years ago
The portfolio with the lowest standard deviation for any risk premium is called the_______. A.efficient frontier portfolio B.CAL
Kryger [21]

Answer:

The right approach is Option C (global minimum variance portfolio).

Explanation:

  • A completely-invested portfolio with either a low uncertainty factor seems to be the GMV portfolio. This same GMV portfolio corresponds to or is situated mostly on the left end including its FI-efficient frontier.
  • Although aside from either the full-investment requirement, no restrictions are enforced, the GMV portfolio deals for analytical portrayal.

The latter options offered are not relevant to something like the scenario presented. So that is indeed the correct solution.

7 0
3 years ago
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