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
Butoxors [25]
3 years ago
14

Zoe's Bakery operates in a perfectly competitive industry. Suppose that when the market price is $5, the profit-maximizing outpu

t level of pastries is 150 units, with average total cost of $4, and average variable cost of $3. From this we know Zoe's marginal cost is ________, and her short-run profits are ________.
Business
1 answer:
Rom4ik [11]3 years ago
5 0

Answer:

$3 is Zoe's Bakery marginal cost and Short run profits are $150.

Explanation:

As a change in quantity is not specified, then, The Marginal cost is the average variable cost of producing 1 unit ($3). And the profit at 150 units produced and sell at a price of $5 is $150 as revenue is $750 and total cost is $600.

You might be interested in
Give an example of how businesses use demographic information ECONOMICS
trapecia [35]

Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.

3 0
3 years ago
Mauve starts a business that specializes in procuring and selling antique items. Her business caters specifically to individuals
stepan [7]

Answer:

The opportunity of exploiting market niches is highlighted in the given scenario.

Explanation:

A market niche is "a small but profitable segment of a market suitable for focused attention by a marketer. Market niches do not exist by themselves, but are created by identifying needs or wants that are not being addressed by competitors, and by offering products that satisfy them. See also market segmentation. "

Reference: WebFinance Inc. “What Is Market Niche? Definition and Meaning.” BusinessDictionary.com, 2019

6 0
3 years ago
Edgewater Enterprises manufactures two products. Information follows: Product A Product B Sales price $ 13.50 $ 16.75 Variable c
olasank [31]

Answer:

The break-even point is $25,900 units

Explanation:

In this question we use the formula of break-even point in unit sales which is shown below:

= (Fixed expenses) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit for product A = (Selling price per unit - Variable cost per unit) ×product mix

= ($13.50 - $6.15) × 40%

= $2.94

Contribution margin per unit for product B = (Selling price per unit - Variable cost per unit) ×product mix

= ($16.75 - $6.85) × 60%

= $5.94

So, the total contribution margin would be equal to

= $2.94 + $5.94

= $8.88

And, the fixed cost is $230,000

Now put these values to the above formula

So, the value would be equal to

= $230,000 ÷ $8.88

= $25,900 units

8 0
3 years ago
This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of peop
insens350 [35]

Answer:

answer 45

Explanation:

6 0
3 years ago
Read 2 more answers
How does competition benefit the general economy?
Ilya [14]

Answer:

A. Lower prices can benefit the general economy.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Increased investment alone will guarantee economic growth. A. This is a false statement, because an economy must rely on capital
    9·1 answer
  • If a country has a trade surplus, we can conclude that it also has:
    10·1 answer
  • Why does the pricing strategy need to reflect the marketing strategy?
    13·1 answer
  • A truck costs​ $316,000 and is expected to be driven​ 116,000 miles during its​ five-year life. Residual value is expected to be
    11·2 answers
  • Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
    9·1 answer
  • Wages expense Wages payable Utilities expense Accounts payable Unearned service revenue Service revenue Equipment Intangible ass
    5·1 answer
  • Early research on leadership traits​ ________.
    7·1 answer
  • 8. In the short run, there is a negative relationship between inflation and employment. A: True B. False​
    12·1 answer
  • 20 POINTS<br> What are the six ethical values AMA identifies for all marketing professionals?
    15·1 answer
  • PLEASE HELPP WITH CHEMISTRY
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!