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lutik1710 [3]
3 years ago
8

Why does demand equal marginal revenue for perfectly competitive firms

Mathematics
1 answer:
shepuryov [24]3 years ago
6 0
Specifically, price only equals marginal revenue in perfect competition. Price equals MR in perfect competition because your demand curve is horizontal. No matter how much you produce, it always sells at the same price. In other market structures, you can raise or lower prices.
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Ice Dream charges $4 to rent ice skates, plus $1.50 per hour to skate. Skating Paradise charges $1 to rent ice skates, plus $3 p
Anastasy [175]

Hey there!

These are slope intercept equations, because they have an initial cost and then a cost based on an independent variable, in this case, time spent skating.

Given the information, Ice Dreams equation would be c=1.5h+4 and Skating Paradise would be c=3h+1

Now, we just put them together to make the systems of equations.

c=1.5h+4

c=3h+1

Now, we need to find a point where the two will meet, which will give us our answer. We just need to solve the system.

Let's solve using elimination.We can multiply the top equation by -2 so we can use elimination.

-2c=-3h-8

c=3h+1

We combine the equations..

-c==7

c=7

Now we can plug this into one of the other equations.

7=3h+1

h=2

Now, we have our solution..

(h,c)=(2,7)

Therefore, after two hours, the cost will be the same, and the cost will be seven dollars.

I hope this helps!

3 0
3 years ago
Divide. Round to the nearest tenth.<br> 104 divided by 1.5
Rama09 [41]

Answer:

70

Step-by-step explanation:

too easy

6 0
3 years ago
The function F is defined by F(x)=x^2+3X-10
vesna_86 [32]

Answer:

k = 13

smallest zero = -6

Step-by-step explanation:

f(x) is basically the function of x.

x could be any integer. f(x) is the solution of the function of x.

f(x) is defined as x² + 3x - 10

f(x) = x² + 3x - 10

Now, f(x+5) = x² + kx + 30

This statement here says that if the value of x is x+5, then the answer would be x² + kx + 30.

f(x) = x² + 3x - 10

f(x+5) = (x+5)² + 3(x+5) - 10

f(x+5) = x² + 10x + 25 + 3x + 15 - 10

f(x+5) = x² + 13x + 40 - 10

f(x+5) = x² + 13x + 30

x² + 13x + 30 = x² + kx + 30

hence, k = 13

Smallest zero = The smallest x value.

f(x+5) = x² + 13x + 30

Let's take f(x+5) = 0

x² + 13x + 30 = 0

which two numbers products give us 30 and add up to 13?

== 6 and 5

(x+6)(x+5) = 0

x+6 = 0

x = -6

x+5 = 0

x = -5

The two solutions are -6 and -5

The smallest out of these two is -6.  

7 0
3 years ago
Use the x-intercept method to find all real solutions of the equation. x^3-10x^2+29x+-20=0
sergey [27]
Answer: The real solutions of the given equation are x= 1, 4, and 5.

5 0
3 years ago
Read 2 more answers
Certain clouds form when temperatures fall below -62c. What is the temperature in degrees Fahrenheit? Temperature is_ Greece Fah
Vadim26 [7]

Solution: The value of temperature is -79.6 degree fahrenheit.

Explanation:

The temperature is given in degree celsius and we have find the temperature in degree  fahrenheit. The formula to  convert the degree celcius in degree fahrenheit is given below,

F=32+\frac{9}{5} C

Where, F is temperature in degree fahrenheit and C is temperature in degree celsius.

Since it is given that the temperature is -62 degree celsius. So put c=-62 in the above formula.

F=32+\frac{9}{5} (-62)

F=32+\frac{(-558)}{5}\\F=32-111.6\\F=79.6

Hence the value of temperature is -79.6 degree fahrenheit.

4 0
3 years ago
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