Answer:
1800
Explanation:
Production Function is the relationship between production inputs & production outputs, given technology. It shows maximum output that can be produced with minimum inputs, given technology.
Production Function: f (L,K,M) = L + K^2 + 4M
K = 40 , L = 100 , M = 100
Production = 100 + (40)^2 + 100
100 + 1600 + 100
= 1800
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Answer:
<em>zero economic profits; lesser or smaller</em>
Explanation:
<em> Long-run is basically comes in form when the cost which is been spent by the industry remains equal to the money which has been earned by the industry.</em>
<em>If every firm in the industry will be adopt costly antipollution devices, then the firm will be earn </em><u>zero economic profits</u><em> and the industries will able to produce in </em><u>lesser or smaller</u> <em>quantity of outcome. </em>
Answer:
The sales price per unit will be $6.75.
Explanation:
The break even point is where the total revenue is total cost such that profit equals zero.
The break even level of output is 5,000 units.
The fixed costs is $30,000.
The variable cost per unit is $.75.
The total variable cost is
=
= $3750
The total cost will be
= $30,000 + $3,750
= $33,750
Which is also equal to total revenue
Now,
Total revenue =
$33,750 =
Price =
Price = $6.75