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Vikentia [17]
3 years ago
8

Suppose that a firm in a competitive market is currently maximizing its short run profit at an output of 50 units. If the curren

t price is $9, the marginal cost of the 50th units is $9, and the average total cost of producing 50 units is $4, what is the firm's profit?a. $0
b. $450
c. $250
d. $200
Business
1 answer:
iVinArrow [24]3 years ago
5 0

Answer: b

Explanation:

You might be interested in
Assume Marigold Corp. deposits $90000 with First National Bank in an account earning interest at 4% per annum, compounded semi-a
erastova [34]

Answer:

a) $101354

Explanation:

To calculate the future balance of the interest-earning account use following formula

FV =  PV x ( 1 + r )^n

Where

FV = Future value = Balance of Interest-earning account after 3 years = ?

PV = present value = Amounr deposited in the account = $90,000

r = Periodic interest rate = 4% x 6/12 = 2%

n = Numbers of periods = Numbers of years x Compounding periods per year = 3 years  x 2 periods per year = 6 periods

Placing values in the formula

FV =  $90,000 x ( 1 + 2% )^6

FV = $101,354

8 0
3 years ago
Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi
Musya8 [376]

Answer:

$113.86 billion

Explanation:

Real GDP = nominal GDP/ price index

Real GDP =  $14460 billion / 127 = $113.86 billion

I hope my answer helps you

7 0
3 years ago
Which of the following is one of the steps of the ethnographic research
jek_recluse [69]

Answer: participant observation, interviews and surveys. All of these ethnographic methods can be very valuable in gaining a deeper understanding of a design problem.

Explanation:

6 0
3 years ago
On October 1, Courtland Company sold merchandise in the amount of $5,800 to Carter Company, with credit terms of 2/10, n/30. The
Vilka [71]

Answer:

The journal entry that Courtland makes on October 8 is:

Debit Cash $5,684

Debit Sales Discount $116

Credit Receivable Accounts $5,800

Explanation:

On October 1, when Courtland Company sold merchandise, the following entries were made:

1. Debit Cost of goods sold $4,000

Credit Merchandise $4,000

2. Debit Receivable Accounts $5,800

Credit Sales $5,800

Credit terms of 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Carter pays and takes the appropriate discount:

2% x $5,800 = $116

Cash Courtland Company receives: $5,800-$116 = $5,684

The journal entry that Courtland makes on October 8 is:

Debit Cash $5,684

Debit Sales Discount $116

Credit Receivable Accounts $5,800

3 0
3 years ago
A two-year bond with par value $1,000 making annual coupon payments of $99 is priced at $1,000.
iVinArrow [24]

Answer:

(a) 9.9%

(b)  10.09%

The further explanation is given below.

Explanation:

The given values are:

Coupon payment

=  $99

Price

=  $1,000

(a)

The Yield to maturity (YTM) will be:

= \frac{C+\frac{F-P}{n} }{\frac{F+P}{2} }

where,

C = Coupon payment

P = Price

n = years to maturity

F = Face value

On putting the estimated values is the above formula, we get

⇒  99+\frac{0}{1000}

⇒  .099

⇒  9.9%

(b)

Although the 1st year coupon was indeed reinvested outside an interest rate of r%, cumulative money raised will indeed be made at the end of 2nd year.  

= [99\times (1 + r)] + 1,099

Came to the realization compound YTM is therefore a function of r, as is shown throughout the table below:

Rate (r)             Total proceeds         Realized YTM ((\frac{proceeds}{1000} )^{.5} - 1)

7.9%                      1205.8                                   9.8%

9.9%                             1207.8                                   9.9%

11.9%                      1209.8                                  9.99%

Now,

Overall proceeds realized YTM:

= \frac{proceeds}{1000} -18 \ percent \ 1,\frac{2081208}{1000} - 1

= 0.0991

= 9.91 \ percent \ 10 \ percent \ 1,\frac{2101210}{1000}- 1

= 0.1000

= 10.00 \ percent \ 12 \ percent \ 1,\frac{2121212}{1000}-1

= 0.1009

= 10.09%

6 0
3 years ago
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