Answer: 48
Explanation:
Firstly, we need to solve the marginal product which will be:
= dM/dx
= d(100x - x²)/dx
= 100-2x
At socially optimal level, it should be noted that:
Price × Marginal Product = Cost
90 × (100-2x) = 400
9000 - 1800x = 400
1800x = 9000 - 400
1800x = 8600
x = 8600/180
x = 47.77
x = 48
Therefore, the optimal number of workers will be 48.
As the number of sellers in an oligopoly becomes very large, the quantity of output approaches the socially efficient quantity.
An Oligopoly is when there are few large firms operating in an industry.
Characteristics of an oligopoly:
- Firms set the price for their product
- Products are differentiated
- The demand curve is downward sloping
- There is a high barrier to entry and exit of firms into the industry.
As the number of firms increase in an oligopoly, the quantity and price approaches what would exist in a perfect competition. As the number of firms in an oligopoly decreases, the price and quantity produces approaches that would be exist in a monopoly.
To learn more about oligopolies, please check: brainly.com/question/14136347
Answer:
I believe the answer is Influence.
Explanation:
Answer:
A. Does production of fake whales exhibit diseconomies of scale, economies of scale, or constant returns to scale?
the production of fake whales exhibit economies of scale
- the total cost per unit for producing 1 whale = $16,000
- the total cost per unit for producing 2 whale = $10,500
- the total cost per unit for producing 3 whale = $8,667
- the total cost per unit for producing 4 whale = $7,750
- the total cost per unit for producing 5 whale = $7,200
- the cost per unit keeps decreasing as total output increases
B. What is the fixed cost of producing fake whales?
$11,000, the cost of the mold
C. What is the variable cost of producing fake whales?
$5,000 per whale
Answer:
Answer will be (1.)
The FDA regulations allow subjects or the legally acceptable representatives (LARs) to receive either a signed or unsigned copy
Explanation:
- The FDA establishes rules based on the laws laid down in the Food, Drug and Cosmetic Act (FD&C Act) or other statutes –
- The Family Smoking Prevention and Tobacco Control Act – under which FDA works.
- The FDA guidelines have full legal effect.
- Medications and biologics must be proven safe and effective. The positives of the medication would surpass the risks linked to its proposed use, according to the FDA. Animal medications and food additives used in animal feed, including dogs, poultry and livestock. Health devices.
