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alexdok [17]
3 years ago
13

A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total co

sts are C(Q) = 60 + 12Q + 2Q2.
a. How much output should the firm produce in the short run?
____ units
b. What price should the firm charge in the short run?
$ ____
c. What are the firm’s short-run profits?
$____
Business
1 answer:
bagirrra123 [75]3 years ago
6 0

Answer:

A) Q=17

B) $80

C) 518

Explanation:

C(Q) = 60 + 12Q + 2Q2

and its MC = 12+ 4Q

a.How much output should the firm produce in the short run?

Put P = MC and solve for Q

P=MC

80=12+4Q

4Q=68

Divide both sides of the equation by 4

Q=17

b.What price should the firm charge in the short-run? $80

c.What are the firm’s short-run profits?

Hint:

Profit=Total Revenue-Total CostTotal Revenue=$80x17=1360

TotalCost=60+12x17+2(17)2=60+204+578=842

Profit=1360-842=518

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Crazy boy [7]

Answer:

Judy may deduct $54,000 of the net losses.

Explanation:

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Passive Income ($33,500) – loss allowed to the extent of passive income

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Passive Income ($21,500) – loss allowed to the extent of passive income

Suspended Passive Activity Limitations $48,000

$54,000 Suspended Passive Activity Limitations

7 0
2 years ago
Weighted shortest job first gives preference to jobs with which two characteristics? (choose two. )
Oksanka [162]

Weighted Shortest Job First gives preference to jobs with characteristics such as, first, the size of the project (smaller is better) Second, the value of the project (higher is better).

In order to determine a relative ranking, Weighted Shortest Job First (WSJF) uses a technique for assigning a weight, or value, to each job, and then by dividing that by the length of the job. It also gives preference to jobs with characteristics such as the size and value for a project.

Weighted Shortest Job First is a prioritization model used to sequence jobs eg., capabilities, features, and epics in order to produce maximum economic benefit.

Hence, WSJF prefers such characteristics.

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5 0
1 year ago
Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn
Contact [7]

Answer:

$12

Explanation:

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Please check the attached image for a table showing how equilibrium was found

6 0
3 years ago
Due to budget restrictions, a business school could afford to hire only one new faculty member for the next academic year. Howev
kakasveta [241]

The correct answer would be, Compromise.

After a lengthy discussion, it was decided that the budget would be hired for the next year. In this situation, Compromise strategy of conflict management is used.  

Explanation:

In simple words, Conflict Management is the management of Conflict between two parties, or between two issues. In this process, the negative aspects of the issue are lowered while positive aspects are being highlighted.

Compromise is that strategy of Conflict Management in which a settlement is made below the desired standards in order to resolve the conflict.

So when temporary faculty is hired in the school instead of the need of permanent faculty, due to the shortage of budget, Compromise Strategy of Conflict Management is being used.

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3 0
3 years ago
Giả sử anh/chị đang chuẩn bị thành lập một doanh nghiệp kinh doanh về một/hoặc một số sản phẩm trong một lĩnh vực. Hãy xây dựng
Fofino [41]

Pls type in english... Question not understandable

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