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zzz [600]
3 years ago
10

Assume that the market is perfectly competitive. If the cost function for John's Shoe Repair is �(�) = 100 + 10� − �) + 3 4 �4,

what is the firm's marginal cost function? What is its profit-maximizing condition if the market price is p? What is its short-run supply curve?
Business
1 answer:
kirill [66]3 years ago
5 0

Answer:

Explanation:

C(q) = 100+10q-q^2+(1/3)q^3

To find the firm marginal cost function:

Take the derivative with respect to q

MC = 10 - 2q + q^2

Assuming that the market price is p , then the profit maximising condition is:

MR = MC

p = 10 - 2q + q^2

The short-run supply curve is the marginal cost curve that lies above the average variable cost.

The average variable cost is:

AVC =VC/Q

AVC = (10q-q^2+(1/3)q^3)/Q

AVC = 10 - q + (1/3)*q^2

So, the short-run supply curve is:

SRS = 10 - 2q + q^2 if p > 10 - q + (1/3)*q^2

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Regular participation in sports helps preserve muscle mass.

What is Weight Management ?

Weight management is the process of making long-term lifestyle changes to maintain a healthy body weight based on a person's age, gender, and height. Weight management techniques include maintaining a balanced diet and improving physical activity levels.

The overarching goals of weight loss and management are:

  • To avoid further weight gain. If prescribed, to lose weight.
  • To maintain a reduced body weight over time.
  • Specific targets can be set for each of these objectives.

Meal planning allows you to make healthier choices that are not driven by physical hunger. Plan home-cooked meals, with restaurant dining reserved for exceptional occasions. Packing low-calorie snacks such as fresh fruits, veggies, and whole grains will help regulate hunger throughout the day.

To know more about Weight Management

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Complete Question :-

Weight management is one benefit of participating in sports. Which sentence is true regarding weight management?

  1. To lose weight you must burn fewer calories than you consume.
  2. Regular participation in sports helps preserve muscle mass.
  3. You burn more calories when engaged in a sports activity that is less intense.
  4. Sports can help you control your weight regardless of your diet.
5 0
2 years ago
Discuss motown production techniques as applied to motown girl groups of the 1960s, including specific artists and performance/n
Liono4ka [1.6K]

Motown records was created by Berry Gordy Jr. who is an American record executive, record producer, song writer, film producer and television producer.  The Motown record  company played a very important role in the racial integration of popular music as an African-American owned label that got crossover success. Motown was the most successful record label of soul music. Motown producers believed "resolutely" in KISS principle (keep it simple stupid) and they used Pop production techniques such as the use of  orchestral string sections, charted horn sections, and carefully arranged support vocals. Complex arrangements and melismatic vocal riffs were avoided.

8 0
4 years ago
with this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be than
ikadub [295]

The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.

Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.

A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.

If there is presence of government intervention in the production, then, the production of goods or service will be halted.

Therefore, in conclusion, this type of externality is called the Negative Externality.

Read more about Negative Externality here

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7 0
2 years ago
In the long run, each firm in a competitive industry earns
madam [21]

Answer:

The correct answer is option B.

Explanation:

In a competitive industry there is no restriction on entry or exit of firms in the market. So, when in the short run the firms are enjoying super normal profits or positive economic profits, this would attract potential firms to join the industry in the long run.

As a result the industry supply will increase in the long run. The increase in supply would cause the price to fall. This would further contribute in reducing revenue and profit.

This process will continue till the profit is reduced to zero. If profit falls below zero, then firms incurring loss will exit the industry. Then again zero profits will be restored by reduction in supply and increase in price.

So, we can say that perfectly competitive firms will have zero economic profits or only normal profits in the long run.

5 0
3 years ago
Assume you are running a paid campaign and your original budget was $50,000 for the month. It's a 31-day month and you have spen
mash [69]

Answer: $2750

Explanation:

The original budget was $50,000 for the month, $20,000 has been spent already after which there was a revision of the monthly budget to $75,000.

Since $20000 has been spent, the remaining budget will be:

= $75000 - $20000

= $55000

Also, the money was spent for 11 days, therefore the number of days remaining will be:

= 31 - 11

= 20 days.

Therefore, the new daily budget for the month will be:

= $55,000 / 20 days

= $2,750

8 0
3 years ago
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