Answer:
differential cost of producing product C = $24 per pound
Explanation:
given data
B currently selling = $30 per pound
produce cost = $28 per pound
C would sell = $60 per pound
produce additional cost = $24 per pound
to find out
What is the differential cost of producing Product C
solution
we get differential cost of producing product C is express as
differential cost of producing product C = cost of (B+C) - cost of B .............1
put here value we get
differential cost of producing product C = (28+24) - 28
differential cost of producing product C = $24 per pound
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: See explanation
Explanation:
The industry supply curve will be the supply curve given multiplied by the total number of firms. This will be:
P = 50 + 0.1Q
Check: since Q = 100
P = 50 + 10/100Q
P = 50 + 0.1Q
To get the Equilibrium price and quantity, we've to equate the market demand curve and supply. This will be:
Market demand = P = 200 - 0.9Q
Market Supply = P = 50 + 0.1Q
Therefore,
200 - 0.9Q = 50 + 0.1Q
200 - 50 = 0.1Q + 0.9Q
150 = Q
Equilibrium quantity = 150 units
Since P = 50 + 0.1Q
P = 50 + 0.1(150)
P = 50 + 15
P = 65
Equilibrium price is 65.
The units of output that will be produced by a firm operating in this market with a marginal cost function, MC = 130Q will be 2.
Answer:
Entrepreneurs are people who organize/operate their own buisness or buisnesses.
Explanation:
hope this helps lad :)
Answer:
15 ounces.
Explanation:
The first ounce is worth 0.40, and the additional x ounces are worth 0.25 each. So, the inequality should be Y > A + B * X, where Y is equal to 4, A is the value of the first ounce (0.4), B is the value of the additional ounces (0.25) and x is the quantity of additional ounces.
- 4 > 0.4 + x * 0.25
- 4 - 0.4 > 0.25x
- 3.6/0.25 > x
- 14,4 > x
14 is the maximum of additional ounces that can be mailed, we have to add the first one, for a total of 15 whole ounces that can be mailed for no more than $4.
