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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.

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Answer:

The correct answer is letter "C": Positive confirmations.

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3 years ago
Which of the following set the first minimum wage? The Taft-Hartley Act of 1947 The AFL-CIO The Norris-LaGuardia Act of 1932 The
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Mary's a marketing manager for a nationwide restaurant chain. She's considering which channel she should use to advertise her re
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Answer:

Television

Explanation:

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8 0
3 years ago
Wendy is a college student in her sophomore year. she is single with no kids, has vegetation paid for by scholarship. what type
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3 years ago
Read 2 more answers
Each week a soft drink machine sells x cans of soda for $0.75/soda. The cost to the owner of the soda machine for each soda is $
Assoli18 [71]

Answer:

$34.8

Explanation:

Profits = sales - costs( variable costs +fixed costs)

In this case : total sales will be price $0.75 x units sold X= 0.75X

Variable costs : =$10 x units sold= $10x

Fixed cost remain $25 as they are not affected by quantity.

profits for the Week

P= (0.75x- 0.10x)-$25

Profit for the week with units sold as 92: x = 92

p= ( {0.75x92} - {0.10x92} )- $25

P= $69 - $9.2- $25

P=$59.8- $25

   =$34.8

3 0
3 years ago
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