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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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In drawing a histogram, which of the following suggestions should be followed?
ELEN [110]

Answer:

B) The heights of the bear should equal the class frequency.

Step-by-step explanation:

In drawing a histogram, the heights of the bear should equal the class frequency. as in histogram height of bar represent the frequency density and  it´s area represent the frequency of class interval. Frequency distribution are represented by mean of rectangle. Earlier in the bar graph, width of bar does not represent any information, however, histogram´s bar width represent class interval.

8 0
3 years ago
Josh has 4 times as many pears as leya, who has one half as many pears as amy. If josh has 32 pears how many does amy have?
arlik [135]
<h3>The number of pears Amy has is 16.</h3>

Step-by-step explanation:

Let J represent the number of pears Josh has.

Let L represent the number of pears Leya has.

Let A represent the number of pears Amy has.

From the question given above,

Josh (J) = 4 × Leya (L)

J = 4L ....... (1)

Leya (L) = ½ × Amy (A)

L = ½A ........ (2)

Next, we shall determine the number of pears Leya has. This can be obtained as follow:

From equation 1

J = 4L

But

Josh (J) = 32 pears

Thus,

32 = 4L

Divide both side by 4

L = 32 / 4

<h3>Leya (L) = 8 pears </h3>

Finally, we shall determine the number pears Amy has. This can be obtained as follow:

From equation 2

L = ½A

But

Leya (L) = 8 pears

Thus,

8 = ½A

Cross multiply

A = 8 × 2

<h3>Amy (A) = 16 pears </h3>

Therefore, Amy has 16 pears.

Learn more: brainly.com/question/20971657

6 0
2 years ago
Read 2 more answers
Need help with this question asap
bija089 [108]

Answer:D

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
If the radius of mars is about 13.7% of neptune's radius, what is the radius of neptune?
Marianna [84]
The volumetric mean radius of Mars is about 3389.5 km. We know that it's 13.7% of Neptune's mean radius, so we can write it down as:

3389.5 = 13.7% of x (where x is Neptune's radius)
3389.5 = 13.7% x
3389.5 = 137/1000x                / * 1000 (both sides)
3389500 = 137x                       / ÷ 137 (both sides)
x = 24740.87591240876
x ≈ 24740.88

Answer: The mean radius of Neptune is about 24740.88 km.
6 0
3 years ago
HELP THIS is due in 30 mins Renaldo described the translation of the graph of f(x) = x2 related to g(x) = (x + 2)2 - 6 as 2 unit
stiv31 [10]

Answer:

See below

Step-by-step explanation:

Recall that we need to use the equation y=a(x-h)^2+k. This means that h=-2 instead of 2 otherwise it would've been (x-2)^2-6. So Renaldo made the mistake of identifying h as 2 instead of -2. The second mistake Renaldo made is that since k=-6, there should be a vertical shift of 6 units down not 2.

5 0
3 years ago
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