Answer:
= 200P - 800
= 400P - 1600
Explanation:
let the supply function be : P = MC
P = 4 + Q/20
therefore Q = 20P - 80 ( supply function )
For 10 firms
Q = 10( 20P - 80 ) = 200P - 800
for 20 firms
Q = 20(20P - 80 ) = 400P - 1600
next determine market supply curve under free entry
AC = 4 + Q/40
Hence ; when Q = 0 , AC = 4 and this is for unlimited number of firms
<u>Explanation:</u>
Rhetorical questions are asked in order to persuade the audience and prove them the statement rather than providing information. Mack utilizes the rhetorical questions to make his audience think about the topics asked as questions. The thoughts of different types of people are analysed.
By making the audience to think about the topics Mack keeps the audience engaged. The audience also find it interactive and communicate their thoughts on the topic effectively. Hence these questions set stage for Mack's argument and engage his audience.
Answer:
are achieved when a firm reduces its average cost of production as it produces more.
Explanation:
Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.
It is large firms that enjoy economies of scale.
Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.
I hope my answer helps you.
The answer is, Ofc Depot is entitled to a partial recovery under the contract.
<h3>
What is the meaning of immediate recovery?</h3>
- The most frequent type of recovery, immediate or short-term, happens shortly after an exercise session or other activity.
- Low-intensity activity after working out and during the cool-down period is part of short-term healing.
<h3>What is short term recovery?</h3>
- Response and short-term healing occur simultaneously and are overlapping.
- It entails undertaking tasks including restoring interrupted utility and other necessary services, reopening transportation routes, and offering food and shelter to individuals who were displaced by the catastrophe.
<h3>What are the 5 stages of recovery?</h3>
- Precontemplation, contemplation, preparation, action, and maintenance are the five stages of addiction treatment.
Learn more about partial recovery here:
brainly.com/question/15340461
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Answer:
Development economics
Explanation:
Development economics is a field which deals with the problems dealt by low-income countries and low-middle income countries. The focus of development economics is to solve the development problems by using economic tools and to push these low-income countries to start trade with developing or developed countries. Development economics gained popularity, especially after globalisation, because it provided low-income countries with an opportunity to interact with other countries.
