1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slavikrds [6]
3 years ago
12

Suppose that Andy sells basketballs in the perfectly competitive basketball market. His output per day and his costs are as​ fol

lows: Output Per Day Total Cost Variable Cost Average Total Cost Average Variable Cost Marginal Cost 0 ​$10.00 ​$0 ​-- ​-- ​-- 1 15.00 5 ​$15.00 ​$5.00 ​$5.00 2 17.50 7.50 8.75 3.75 2.50 3 22.50 12.50 7.50 4.17 5.00 4 30.00 20.00 7.50 5.00 7.50 5 40.00 30.00 8.00 6.00 10.00 6 52.50 42.50 8.75 7.08 12.50 7 67.50 57.50 9.64 8.21 15.00 8 85.00 75.00 10.63 9.38 17.50 9 105.00 95.00 11.67 10.56 20.00 Suppose the equilibrium price of basketballs is​ $2.50. In the short​ run, how many basketballs will Andy​ produce? nothing ​(enter a whole​ number). How much profit​ (or loss) will he​ make? ​$nothing per day ​(round your answer to the nearest​ penny, and express a loss as a negative​ number).

Business
1 answer:
Gwar [14]3 years ago
5 0

Answer:

No single unit will be produced.

Profit will be -$10 per day

Explanation:

Find the attachment

You might be interested in
An organizational chart of a company shows vice presidents with responsibility for key areas such as design, manufacturing, sale
Romashka-Z-Leto [24]

Answer: Functional

Explanation: The functional structure of an organisational chart places people with similar skills who perform similar activities in a group under a common manager who answers to an executive a level up in the hierarchy who may oversee multiple departments. Therefore, an organizational chart of a company showing vice presidents with responsibility for key areas such as design, manufacturing, sales, marketing, and after-sales support would reflect a functional structure.

An advantage of the functional structure is that employees are allowed to focus their collective energies on executing their roles as a department but sometimes they might develop tunnel vision (seeing the company solely through the lens of the employee’s job function) and often at times there is a lack of inter-departmental communication.

6 0
3 years ago
Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing​ prices, se
skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.

The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0
3 years ago
During 2016, Burr Co. made the following expenditures related to the acquisition of land and the construction of a building:
Colt1911 [192]

Answer:

$64,000 and $358,000

Explanation:

The computation is shown below:

For land:

= Purchase price of land + Legal fees for contracts to purchase land + Demolition of old building on site - Sale of scrap from old building

= $60,000 + $2,000 + $5,000 - $3,000

= $64,000

For building:

= Construction cost of new building (fully completed) + Architects’ fees

= $350,000 + $8,000

=$358,000

8 0
3 years ago
Uma and edward are assigned to partner on a project, but they have never worked together before. uma texts edward, "are you avai
EastWind [94]
<span>In a situation in which Uma </span><span>and Edward are partners on a project, but they have never worked together and Uma </span>texts Edward, "Are you available to meet at four this afternoon?" Edward replies, "yep. cu then." Uma should gently remind Edward to be more formal and better to use e-mails than texting.

4 0
3 years ago
You would like to borrow money three years from now to build a new building. In preparation for applying for that loan, you are
zysi [14]

Answer:

Option "D" is the correct answer to the following statement.

Explanation:

The cash coverage ratio helps find the available cash in hand or cash at the bank to pay for the expenditure of a loan. The ratio must be considerably higher to 1: 1, it shows our potential to pay interest. In this situation Option "D" has the highest Cash coverage ratio.

The debt-equity ratio is used to find the firm's credibility.

5 0
3 years ago
Other questions:
  • Who moved from rural villages into towns, where they specialized in a particular trade and produced superior quality products?
    9·2 answers
  • On February 2, 2019, Alexandra purchases a personal computer. The computer cost $1,800. Alexandra uses the computer 85 percent o
    10·1 answer
  • Hosha exchanges all of her leaf stock for petal stock plus $5,000 cash. the exchange is pursuant to a tax-free reorganization. h
    10·1 answer
  • Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
    8·1 answer
  • Which of the following is representative of safeguarding​ assets?
    10·2 answers
  • You will receive $500 tomorrow. You will receive an additional nine cash flows growing at the rate of inflation of 2 percent per
    12·1 answer
  • During a recession, the market demand curve, which is a function of marketing expenditure, ________. A. becomes vertical B. shif
    5·1 answer
  • The appellate court decides that the trial court committed reversible error by including evidence found by law enforcement. Law
    10·1 answer
  • Which of the following approaches for calculating the market value of a property involves estimating the dollar value associated
    6·1 answer
  • The Ford Motor Corporation and Toyota Motor Corporation planned to join forces in 2011 to produce a hybrid truck that would meet
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!