Answer:
Yes; $17.50; $23.75
Explanation:
A purely competitive firm finds that the market price for its product is $25.00.
It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $30.00 per unit for all successive units.
The price for the first 50 units is $25 while the AVC is $17.50. So, yes, the price exceeds the AVC for the first 50 units.
The AVC for the first 50 units is $17.5 as mentioned in the question.
The Total variable cost for the first 100 units
=
= $875 + $1500
= $2,375
The average variable cost for first 100 units
=
=
= $23.75
Answer:
(A) a power company needing solar panels
(B) a local fresh market a business working with trained animals
(C) a person buying large quantity of wheat
Explanation:
The Agriculture, Food, and Natural Resources career cluster. Gives a workpath that specializes in areas covering natural resources conservation and improvement. (See image attached.) Image taken from Nebraska University Career cluster description
The question is incomplete. The complete question is :
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal $ 2200
Interest rate 2%
Frequency Monthly
Time 20 years
Solution :
Given :
Monthly withdrawal = $ 2200
Interest rate = 2%
Frequency = monthly
Time = 20 years
= 20 x 12 = 240 months
Formula used :
with Z = 1 + r
where, w = monthly withdrawal
P = principal amount
r = monthly interest rate
Y = Number of months
So, w = 2200
r = 2% = 0.02
Z = 1 + r
= 1 + 0.02 = 1.02
Y = 240
Therefore,
= 111,231829
≈ 111,232 (rounding off)
Thus, the account balance = $ 111,232