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
ratelena [41]
3 years ago
8

A number of stores offer film developing as a service to their customers. Suppose that each store offering this service has a co

st function​ (C) ​C(q)equals50plus0.20qplus0.0800q squared and a marginal cost​ (MC) of ​MC(q)equals0.20plus0.160q. If the going rate for developing a roll of film is ​$8.00​, is the industry in​ long-run equilibrium? No .Find the price associated with​ long-run equilibrium. The market will be in​ long-run equilibrium when the price is ​$ 25. ​(Enter your response rounded to two decimal places.​)
Business
1 answer:
meriva3 years ago
7 0

Answer:

Check the following calculations.

Explanation:

C(q) = 50+0.20q+0.0800q2

MC(q)=0.20+0.160q

In the long run market will be in equilibrium when P=MC=ATC=LRAC=LRMC

where LRAC=long run average cost curve

LRMC=long run marginal cost curve

ATC=average total cost

noe total cost C(q)= 50+0.20q+0.0800q2

therefore ATC=C(q)/q

= 50/q + 0.20 + 0.0800q

therefore in long run MC=ATC

0.20+0.160q=50/q + 0.20 + 0.0800q

on solving q=25

therefore P=ATC=MC=0.20+0.160q

=0.20+0.16*25

P = 4.20

You might be interested in
In order to help their employees move from one job to another, and in order to meet the challenges of a global economy, corporat
lilavasa [31]

In order to help their employees move from one job to another, and in order to meet the challenges of a global economy, corporations must offer retraining program as part of their employee development programs.

To meet the challenges of a global economy and to help employees move from one job to another corporations must offer retraining as part of employee development programs. Training and development is considered vital because it allows employers to pinpoint skills and knowledge they want in their employees. These trainings not only educate the employees but also provide updates on existing skills to increase productivity. Every business has different needs to retain their employees to meet their internal and external challenges.

These trainings to retain the employees are proved to be fruitful

  1. When there is a talent gap in your organization.
  2. When improvement is required in certain areas.
  3. When training becomes essential in certain programs.

Therefore corporations must offer retraining to help employees move from one job to another and meet global challenges.

You can learn more about retraining at

brainly.com/question/14435353

#SPJ4

6 0
1 year ago
Which type of a person demonstrates trustworthiness?
True [87]

Answer:

a person on whom you can rely

Explanation:

it's the correct answer

5 0
3 years ago
For fair housing purposes, what is the definition of the term disability?
alexgriva [62]
A handicap that limits a persons movement, senses, or activity. It puts them at a disadvantage compared to others and is recognized by the law.<span />
3 0
3 years ago
Builtrite had sales of $700,000 and cogs of $280,000. in addition, operating expenses were calculated at 25% of sales. builtrite
Leni [432]

This is the presentation of the income statement of Builtrite in order to compute the net income:

Sales                                                                                   $700,000

Less: COGS                                                                        $280,000

Gross Profit                                                                         $420,000

Less: Operating expenses ($700,000 x 25%)    $175,000

          Dividends expense                                   $25,000

          Capital loss                                               $70,000    $270,000

Total                                                                                     $150,000

Add: Dividend income                                         $40,000

          Capital gain                                               $55,000    $95,000

Net income                                                                           $245,000

3 0
3 years ago
Joe received a DUI violation while partying last Christmas and he was found guilty by the court. His real estate license is due
Kazeer [188]

Answer:

Yes, Joe needs to disclose to the commission about his violation.

Explanation:

Driving under the influence (DUI) is the crime or offense of driving or operating a motor vehicle while impaired by alcohol or other drugs to a level that renders the driver incapable of operating a motor vehicle safely.

if the defendant violated probation by breaking a law, the probation revocation hearing will probably take place after the new offense has been disposed of.

Defendants are entitled to written notification of the time, place, and reason for the probation revocation hearing.

For Joe to be able to renew his real estate license he has to speak for a qualified attorney who will plead his case on his behalf.

5 0
3 years ago
Other questions:
  • Whic of the statement below is FALSE?
    5·1 answer
  • A Third World country can be described as a(n) __________ country.
    10·1 answer
  • Consider the market for cars. Which determinant of supply is affected by each of the following events? a. A steel tariff increas
    8·1 answer
  • A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements beca
    15·1 answer
  • When meeting a CEO whom he hoped to win over as a new client, James, dressed in an Armani suit, introduced himself from across h
    9·2 answers
  • In the Shaping Department of Oriole Company the unit materials cost is $4.00 and the unit conversion cost is $2.00. The departme
    9·1 answer
  • In a perfectly competitive market, all producers sell (perfectly identical/different) goods or services. Additionally, there are
    7·1 answer
  • The social and economic goals of __________ include private ownership of land and business.
    11·1 answer
  • Your organization has experienced multiple incidents of graffiti tagging and people loitering in the parking lot despite the cha
    6·1 answer
  • The financial reporting carrying amount of Johns-Hopper Company's only depreciable asset exceeded its tax basis by $750,000 at D
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!