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Dennis_Churaev [7]
3 years ago
10

Megatron is a competitive firm operating under the following conditions: Price of output is $15, the profit maximizing level of

output is 40,000 units, and the total cost (full economic cost) of producing 40,000 units is $650,000. The firm's only fixed factor of production is as $750,000 stock of capital (a building). If the interest rate available on a comparable risks is 8 percent, should this firm shut down immediately in the short run? Explain your answer.
Business
1 answer:
insens350 [35]3 years ago
7 0

Answer:

Firm should be shut down in short run

Explanation:

We have given price of output = $15

Total economic cost = $650000

Total number of units for maximizing profit level = 40000

So average economic cost =\frac{650000}{40000}=$16.25

As the average economic cost is greater than price of the output

So firm should be shut down in short run

Answer will be firm should be shut down in short run

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What law governs the release of student information?
Bumek [7]

Answer:

C. FERPA

Explanation:

It was question number 11 on the Course Hero worksheets and answer keys.

https://www.coursehero.com/file/p6lkqhq/What-law-governs-the-release-of-student-information-A-CIPA-B-COPPA-C-FERPA-D/

Hope this helps : )

7 0
3 years ago
Read 2 more answers
When firms add workers and find that the additional workers add less output than their predecessors did, they are experiencing A
blondinia [14]

Answer:

The correct answer is letter "C": Diminishing returns.

Explanation:

The Law of Diminishing Marginal Returns states that as the number of new workers increases, an additional employee's marginal product at some stage would be less than the previous employee's marginal product. This is because at a certain point adding more employees implies not having enough space for the new hires to work which diminishes the marginal return of every new individual hired by the firm.

4 0
2 years ago
Suppose that you are jacques necker write a paragraph that explains how your economic reform program will benefit france
Rus_ich [418]
<span>Jacques Necker was a financial analyst and adviser who was very keen in economics of the time. He would advise King Louis XVI in financial matters. Knowing this, in my letter explaining my economic reform program (written as Necker), I would ask King Louis XVI to stop spending so much money on non-essential goods and services. I would ask the King to stop placing tariffs on trade in order to free up money to create economic fluidity.</span>
3 0
3 years ago
If an employer does not offer a retirement plan, what might be another way to save for retirement?
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3 0
3 years ago
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6. Twins Barbara and Mary are both age 27. Beginning at age 27, Barbara invests $2,000 per year for 10 years and then never sets
Dmitriy789 [7]

Answer:

Barbara will have $210,349

Mary will have $188,922

Explanation:

Total time of investment is 40 years = age 67 - age 27

After 10 years, Barbara will have  $27,633 (this figure used "FV" calculation in excel = FV(7%,10,2000)

Then Barbara put all $27,633 in next 30 years then she will have $210,349 = 27,633 x (1+7%)^30

Mary didn't now invest in first 10 years, but then  invests $2,000 per year for the next 30 years, so she will have $188,922 = FV(7%,30,2000)

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3 years ago
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