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kirza4 [7]
2 years ago
6

A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 10000 +0.04q2 .

If the market price is 56, the firm's profit-maximizing quantity is? __________
Business
1 answer:
iren2701 [21]2 years ago
6 0

Answer:

700

Explanation:

The condition for maximizing profits is Marginal cost = Price.

1. We need to calculate the marginal cost, which is the first derivative of the total cost function.

  • marginal cost = (TC=10000+0.04q2=) '

  • MC=0.08q

2. Now, we equalize the MC to the price and solve for q.

0.08q=56

q=56/0.08

<h2>q=700</h2>

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Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of t
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Answer:

B) Supplier cost differentiation

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ou believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional tradin
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C. $12,000

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Up to this point, the expense are cover by the additional return. bove this threshold the fund will incur in losses from the active management

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A disadvantage of the corporate form of business ownership is that:
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b) most shareholders have little direct control over how the company is managed.

4 0
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During the​ year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the​ year, before adjusting​ entries, th
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Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

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Estimated bad debts as a % of sales                     4 %

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The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

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