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
juin [17]
3 years ago
6

Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.6 per pound when 150

pounds are grown. The demand for potatoes is Q = 40,000/p. If the long-run supply curve is horizontal, then what would be the total consumer spending?
Mathematics
1 answer:
mihalych1998 [28]3 years ago
6 0

Answer:

Total consumer spending is 160

Step-by-step explanation:

Here , we are interested in calculating the total consumer spending.

In a long run perfect competition market, price interest with MC and minimum point of AC

Hence , P = AC

this means that Q = 40,000/P = 40,000/150 = 266.67 which is approximately 267 potatoes will be consumed

The total consumer spending is thus 267 * 0.6 = 160

You might be interested in
For the inverse variation equation p=8/V<br> what is the value of Vwhen p=1/2?
NISA [10]

Answer:

v = 16

Step-by-step explanation:

p = 8/v and p = 1/2.  Equating these two, we get 8/v = 1/2.

Inverting both sides, we get v/8 = 2.

Find the vaue of v by multiplying both sides by 8:  v = 16

3 0
2 years ago
Muiltiply 8x^2(x^2+2xy-6y^2) simplify your answer
stepladder [879]

The answer would be 8x^4 + 16x^3y - 48x^2y^2

In order to find this, multiply 8x^2 by each term individually.

8x^2 * x^2 = 8x^4

8x^2 * 2xy = 16 x^3y

8x^2 * -6y^2 = -48x^2y^2

Now you can put them all in a row.

8x^4 + 16x^3y - 48x^2y^2

3 0
3 years ago
What is the first step in determining if 6 is a solution to 3 x = 18?
andreev551 [17]

Answer:

Step-by-step explanation:I think it's C :)

6 0
3 years ago
Read 2 more answers
A pile of coal is stored in a barrel-shaped bin whose base has a radius of 3 meters. the height of the pile measures 1.5 meters.
Aleksandr-060686 [28]

42.41 cubic meters    
The volume of a cylinder is bh where b is the area of the base and h is the height of the cylinder. And since the area of a circle is pi r^2, we have this equation for the volume of a cylinder  
V = pi*r^2*h    
Now substitute, the known values for r and h, then calculate the result:  
V = pi*r^2*h  
V = 3.14159*3^2*1.5  
V = 3.14159*9*1.5  
V = 42.411465  
V = 42.41   
 So the volume of the coal pile is 42.41 cubic meters.
8 0
3 years ago
Read 2 more answers
Quiz 4: Solving Inequalities
san4es73 [151]

Answer:

15x+60\leq 100

Step-by-step explanation:

Let

x -----> the number of hours that the painter works

we know that

The inequality that represented this situation is equal to

15x+60\leq 100

solve for x

Subtract 60 both sides

15x\leq 100-60

15x\leq 40

Divide by 15 both sides

x\leq 40/15

x\leq 2.67\ hours

The maximum number of hours is 2

3 0
2 years ago
Other questions:
  • A raised number that represents repeated multiplication of a factor is
    8·1 answer
  • Technicians have installed a center pivot, circular irrigator for a farm that covers 20 acres.How long is the irrigation boom (i
    6·1 answer
  • Passing through (-6,-1) and parallel to y=-2/3x +1
    15·1 answer
  • Which of the following statements about trapezoids is true?
    9·1 answer
  • Please help I'll mark you as brainiest
    7·1 answer
  • PLEASE HELP‼️ 10 POINTS!!
    13·2 answers
  • Please, help meeeeee
    15·1 answer
  • 4 1/3ft 12 ft 9 ft what is the volume​
    10·1 answer
  • Simplify this pleasee​
    10·1 answer
  • Triangle RST is made of points R(-10, 5.6), S(0, 7) and T(-6, -34).
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!