1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Orlov [11]
3 years ago
8

The above diagram illustrates the short run cost curves for Sarah Mat, a rice farmer in Queensland. Calculate the profit or loss

for Sarah Mat and, examine the key characteristics for perfect competition firm with reference to Sarah’s farm. (10 Marks)
Mathematics
1 answer:
Lady bird [3.3K]3 years ago
4 0

Answer:

3500

Step-by-step explanation:

with reference to Sarah’s farm under the characteristics for perfect competition, the equilibrium of the firm will be at where the marginal cost curve intersects the marginal revenue or average revenue curves from below.

Under perfect competition AR = MR

as per given diagram equilibrium of the firm will be at where MR = AR = MC

with this intersection equilibrium quantity 500 rice ( Bags/month)

and the equilibrium price will be 40 (AUD)/20KG bag

Here ATC of the firm is less than its price, therefore the firm is making profits in the short-run.

Profit = Total revenue - Total cost

= P * Q - ATC * Q

= 40 * 500 - 33 * 500

= 20000 - 16500

= 3500

Hence, firm is making 3500 profit in the short-run

You might be interested in
If (5^2)p = 5^12, what is the value of p?
mr Goodwill [35]
Divide both sides by 5^2 (which is 25). So p = (5^12)/25. I can't be bothered to plug in into a calculator but be my guest.
3 0
3 years ago
PLS HELP ASAP ILL GIVE BRAINLKEST THANKS
Arisa [49]

Answer:

(4,4)

Step-by-step explanation:

hope this help

4 0
2 years ago
Read 2 more answers
WRITING TO EXPLAIN, HOW COULD YOU USE 5 X 6 =30 TO FIND THE PRODUCT <br> OF 6 X6 ?
Solnce55 [7]
5x6=30
6x6=36

You would need 1 more 6
I can't explain this very well, sorry.
8 0
3 years ago
Read 2 more answers
How can I divide larger dividends.
Sphinxa [80]
You can add a decimal point at the end of number then zero. Example....
2.40
______
5| 12.00
-10
________
20
-20
_______
0


2.4
8 0
3 years ago
Read 2 more answers
Talulah is an ecologist who studies the change in the penguin population of Antarctica over time. She observed that the populati
Oksana_A [137]

Answer:

P(t) = 27000 * (1/9)^(t/4)

Step-by-step explanation:

This problem can me modelled with an exponencial formula:

P = Po * (1+r)^t

Where P is the final value, Po is the inicial value, r is the rate and t is the amount of time.

In this problem, we have that the inicial population/value is 27000, the rate is -8/9 (negative because the population decays), and the time t is in months, so as the rate is for every 4 months, we use the value (t/4) in the exponencial.

So, our function will be:

P(t) = 27000 * (1-8/9)^(t/4)

P(t) = 27000 * (1/9)^(t/4)

8 0
3 years ago
Read 2 more answers
Other questions:
  • What is probability? ​a numerical value assigned to an event that measures the number of its occurrences. ​any value between 0 a
    5·1 answer
  • What is slope between the points (-5,7) and (4,-8)?
    12·1 answer
  • ?/100 + 3/? = 2/? + ?/10 = 5/10
    9·2 answers
  • Sam has three times as many pencil erasers as Sara. To gather they have 28 erasers how many erasers does Sam have
    14·1 answer
  • At an amusement park, 40 percent of the tickets were sold in the first hour. If 800 tickets were sold in the first hour, which e
    8·2 answers
  • equation 7(2j + 3 + 2j). use mathematical properties to create two expressions that are equivalent to the expression you created
    13·1 answer
  • Solve <br><br><br><br><br><br> Please help me
    14·1 answer
  • A rectangular prism has volume 5,760 cubic meters, length 8 meters, and width 36 meters. Find its height, in meters.
    7·1 answer
  • -185 = -5 - 9b<br><br> How to find the answer to this problem above?
    6·1 answer
  • William is going to the amusement park, where he has to pay a set price of admission and another price for tickets to go on each
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!