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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

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A web music store offers two versions of a popular song. The size of the standard version is 2.3 megabytes (MB). The size of the
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240 standard versions

set up equations

s = number of standard versions

h = number of high quality versions

the total size of all standard versions would be 2.3s since each standard version is 2.3 MB

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3 years ago
Pleas help me find the answer and show the work to this question
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Answer:

Leg\ 1 = 8

Leg\ 2 = 15

Step-by-step explanation:

Given: See Attachment

Required

Determine the length of the legs

To do this, we apply Pythagoras theorem.

Hyp^2 = Adj^2 + Opp^2

In this case:

17^2 = x^2 + (2x- 1)^2

Open Bracket

17^2 = x^2 + 4x^2- 2x-2x + 1

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x = 8

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Leg\ 1 = x

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