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brilliants [131]
3 years ago
10

Suppose you are working for a firm producing cotton balls – an industry for which there are many different firms producing an id

entical product. The market price is $20 per case of cotton balls, and the firm is currently producing 30 cases. As the manager tasked with making production decisions for the firm, you begin by estimating the cost function, and find that the cost function is given by: c(????) = 10 + ???? + 1/3 ????^2 .
a. Is this a short run or long run cost function?

b. What adjustments to the production decisions would you make to increase profits?

c. Given your recommendation to (b) above, by how much would the firm’s profits increase?

Business
1 answer:
oee [108]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Answer:

valence                              

Explanation:

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Valence can be given a number and regarded as if it had been weighed, but it is unclear how accurate a statistic is based on a subjective study. Measurement based on visual emotion findings, using the Facial Activity Coding System and micro-expressions or muscle activity identified by facial electromyography, or current functioning brain scanning will resolve the opposition.

4 0
3 years ago
Plzzz helppp ASAP <br><br> Describe two ways that externalities affect the lives of US citizens?
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Answer:

In economics, there are four different types of externalities: positive consumption and positive production, and negative consumption and negative production externalities. As implied by their names, positive externalities generally have a positive effect, while negative ones have the opposite impact

6 0
3 years ago
An independent review and examination of system records and activities in order to test for adequacy of system controls, to ensu
lubasha [3.4K]

Answer:

Audit

Explanation:

Financial auditing is the process of examining an organization's (or individual's) financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws.

External auditors come in from outside the organization to examine accounting and financial records and provide an independent opinion on these records. Law requires that all public companies have their financial statements externally audited.

Internal auditors work for the organization as internal employees to examine records and help improve internal processes such as operations, internal controls, risk management, and governance.

8 0
4 years ago
A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5
faust18 [17]

it's half a year out of 5, so 1/10 of the useful lifetime of the van

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one tenth of that will be what we are looking for, so option b. should be just right to fit here

4 0
3 years ago
Co. paid a $0.632 dividend per share in 2013, which grew to $0.76 in 2016. This growth is expected to continue. What is the valu
loris [4]

Answer:

$34.22

Explanation:

The computation is shown below:

Value of the stock = Next year dividend ÷ (Required rate of return - growth rate)

where,  

Growth rate equal to

= {($0.76 ÷ $0.632)^1 ÷ 3} - 1

= 6.34%

And, Next year dividend would be

= $0.76 × (1 + 6.34%)

= $0.81

So, the value of the stock would equal to

= 0.81% ÷ (8.70% - 6.34%)

= $34.22

8 0
3 years ago
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