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alukav5142 [94]
2 years ago
7

Suppose a profit-maximizing firm in a competitive market produces rubber bands. When the market price for rubber bands falls bel

ow the minimum of its average total cost, but still lies above the minimum of average variable cost, in the short run the firm will: a. earn both economic and accounting profits. b. shut down. c. raise the price of its product. d. experience losses but will continue to produce rubber bands.
Physics
1 answer:
Dennis_Churaev [7]2 years ago
3 0

Answer:

Explained

Explanation:

In the given example, a profit-maximizing perfectly competitive firm is producing rubber bands. The average total cost of producing is higher than the price per unit of the product. The firm will be incurring a loss. But the average variable cost is lower than price. This means the price is able to cover variable costs.  

The firm in this situation will continue to produce in the short run, Though in the long run if the price is still lower than the average total cost the firm will exit the market because of incurring losses.

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Racing cars driven by chris and kelly are side by side at the start of a race. the table shows the velocities of each car (in mi
Mamont248 [21]

Solution

distance travelled by Chris

\Delta t=\frac{1}{3600}hr.

X_{c}= [(\frac{21+0}{2})+(\frac{33+21}{2})+(\frac{55+47}{2})+(\frac{63+55}{2})+(\frac{70+63}{2})+(\frac{76+70}{2})+(\frac{82+76}{2})+(\frac{87+82}{2})+(\frac{91+87}{2})]\times\frac{1}{3600}

=\frac{579.5}{3600}=0.161miles

Kelly,

\Delta t=\frac{1}{3600}hr.

X_{k}=[(\frac{24+0}{2})+(\frac{3+24}{2})+(\frac{55+39}{2})+(\frac{62+55}{2})+(\frac{71+62}{2})+(\frac{79+71}{2})+(\frac{85+79}{2})+(\frac{85+92}{2})+(\frac{99+92}{2})+(\frac{103+99}{2})]\times\frac{1}{3600}

=\frac{657.5}{3600}

\Delta X=X_{k}-X_{C}=0.021miles

4 0
3 years ago
¿Cuál es la magnitud y dirección de la aceleración de los cuerpos en caída libre en el planeta Tierra?
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La magnitud es de 9.8 m/s² ... la aceleración de la gravedad en o cerca de la superficie de la Tierra.

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6 0
3 years ago
Based on the principles of convection, conduction and thermal radiation, which scenario below is most similar to the following s
Ksivusya [100]

The situation (heat going through the ceiling) describes
conduction ...
heat going from one place to another by
soaking through some material.

A).  This is the one.  Heat goes from from the marshmallow
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C).  No.  There's nothing for the heat to soak through between
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to the roof and bring the heat with it.  This is radiation.

D).  No.  Cold water sinks from the surface to the bottom because
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5 0
3 years ago
Read 2 more answers
A 60.0 kg girl stands up on a stationary floating raft and decides to go into shore. She dives off the 180 kg floating raft with
padilas [110]
Momentum, p = m.v
m of the girl = 60.0 kg
m of the boat = 180 kg
v of the girl = 4.0 m/s

A) Momentum of the girl as she is diving:
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8 0
3 years ago
The burner on a stove is 325° f. given that the burner emits electromagnetic radiation as a blackbody, what is the maximum wavel
lesantik [10]
To solve this, we use the Wien's Displacement Law as shown in the attached picture. First, convert the temperature to Kelvin. 

C to F:
C = (F - 32)*5/9
C = (325 - 32)*5/9 = 162.78 °C

C to K:
K = C + 273
K = 162.78 + 273 = 435.78 K

λmax = 2898/435.78 = <em>6</em><em>.65 μm</em>

5 0
3 years ago
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