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KIM [24]
2 years ago
5

A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q +

0.1Q2 and long-run marginal cost of LMC = 800 – 20Q + 0.3Q2. In long-run equilibrium, each firm produces a quantity of ____.
Business
1 answer:
harkovskaia [24]2 years ago
7 0

Answer:

Each firm produces a quantity of 50 in long run equilibrium.

Explanation:

If a perfectly competitive industry of many identical firms has a long-run average total cost of LATC = 800 – 10Q + 0.1Q² and long-run marginal cost of LMC = 800 – 20Q + 0.3Q², for long run equilibrium to occur, LATC must be equal to LMC i.e LATC = LMC.

Equating both cost equation to get quantity Q each firm produces gives;

800 – 10Q + 0.1Q² = 800 – 20Q + 0.3Q²

Bringing all the terms to one side of the equation, we will have;

800-800-10Q+20Q+0.10Q²-0.3Q² = 0

10Q-0.2Q² = 0

Factorizing out Q, the equation becomes;

Q(10-0.2Q) = 0

From the resulting equation;

10-0.2Q = 0

10 = 0.2Q

Q= 10/0.2

Q = 50

This shows that each firm produces a quantity of 50 in long run equilibrium.

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Answer:

the expected return of a stock is 10.542%

Explanation:

The computation of the expected return on a stock is shown below:

Expected return on stock is

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Discount-Mart issues $10 million in bonds on January 1, 2012. The bonds have a ten-year term and pay interest semiannually on Ju
jeyben [28]

Answer:

B. $600,000

Explanation:

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= Interest expense as on 30 June 2012 + interest expense as on December 31 2012

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= $600,000

For computing the interest expense for the year 2012, we added the interest expense of June 30 and for December 31 of 2012 only so that the correct amount could come

7 0
3 years ago
Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and
blondinia [14]

Answer: The web team can create a FAQ page.

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This will greatly help the company reduce questions directed to sales team, as customers can easily find answer to their questions in the FAQ page

3 0
3 years ago
Abigail is shopping for a new copier for her company. She has set her price range between $5,000 and $6,000. The copier must han
expeople1 [14]

Answer:

Option "C" is the correct answer to the following situation.

Explanation:

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3 years ago
To what extent might the slow service be a source of employee irritation and dissatisfaction
harkovskaia [24]

Answer:

Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work.  As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.

Explanation:

8 0
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