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uranmaximum [27]
3 years ago
12

Biwei’s Barbershop is a business in a perfectly competitive market with total cost of TC = 0.5Q 2 per day. The corresponding mar

ginal cost is MC=Q. Assume that the market price of a haircut is $15.
How many haircuts should Biwei give each day if he wants to maximize his profit? What is the profit?
Business
1 answer:
kakasveta [241]3 years ago
4 0

Answer:

It should give 15 haircut

And maximum profit will be 112.5

Explanation:

It is given total cost TC=0.5Q^2

Corresponding marginal cost MC = Q

For maximizing profit P = MC

Assuming market price of haircut Q = 15

So it should give 15 haircut

So P = MC = Q = 15

Profit is equal to

Profit = PQ - TC

=15\times 15-0.5\times 15^2

=112.5

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Seven years ago, Goodwynn & Wolf Incorporated sold a 20-year bond issue with a 14% annual coupon rate and a 9% call premium.
iogann1982 [59]

Answer:

14.82%

Explanation:

initial investment = $1,000

annual coupon = $140 (7 coupons received)

selling price = $1,090

the easiest way to determine the realized rate of return is to use a financial calculator or excel spreadsheet, and calculate the IRR: 14.82%

the cash flows are:

  • -1000
  • 140
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5 0
2 years ago
Perhaps ahead of the times, __________ warned of the dangers of the coalescing interests of the top leaders of business, politic
mylen [45]

It should be noted that Perhaps ahead of the times, Talcott Parsons warned of the dangers of the coalescing interests of the top leaders of business, politics, and the military.

<h3>Who is Talcott Parsons?</h3>

Talcott Parsons can be regarded as American sociologist which was famous for structural functionalism.

He stressed about  the dangers of the coalescing interests of the top leaders of business, politics.

Learn more about Talcott Parsons at;

brainly.com/question/917245

5 0
2 years ago
Read 2 more answers
a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
schepotkina [342]

Answer:

a. producers-wholesalers-retailers-consume

b.

Explanation:

it is easy to cut cost of transport, storage ,etc

8 0
2 years ago
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain e
Roman55 [17]

Answer:

According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.

Explanation:

The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.

6 0
3 years ago
Due to technological changes in the nature of work and global competition, the Dictionary of Occupational Titles (DOT) has been
zysi [14]

Answer:

a. True

Explanation:

DOT stands for the Dictionary of Occupational Titles. It is the publication which was produced by the Department of Labor of the United States of America for the working people that helped the employers, the government officials, and the other workforce development professionals in order to define over 13,000 different types of work from 1938 to the late 1990s.

But now, due to the advancement in technologies and change in the nature of job of many works the previous publication was replaced by the new Occupational Information Network which suits with todays technology and development in the working conditions. It is shortly known as the O*NET.

Hence the answer is TRUE.

4 0
3 years ago
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