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sashaice [31]
3 years ago
8

In the perfectly competitive gadget industry there are 10 firms with identical costs given by C = 500 + 20q + q2, none of which

believes it can alter price. Marginal cost is given by the function MC=20 + 2q. a. Find the shutdown point of one of these firms. Be sure to explain what you are doing. (5 points)
Business
1 answer:
IgorC [24]3 years ago
4 0

Answer:

The explanation is below

Explanation:

A.  Shutdown point is achieved when price equal AVC. when price lowers than the AVC, firm shutdown.

VC = q^2

AVC = q

So,

P = q is the shutdown point.

B.  For profit maximizing level of output,

P = MR = MC

500 = 20 + 2q

q = 240 units

So, profit maximization level of output = 240 units

C.  Firm level supply curve = MC curve above the shutdown point

Number of firms = 5

So,

Industry supply curve = 10*MC = 200+20Q

Industry supply curve = 200+20Q

It shows that MC curve above the shutdown point is supply curve.

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Taking a physical count of inventory
Inessa05 [86]

Answer:

Taking a physical count of inventory  :

d.should be done near year-end.

Explanation:

Taking physical inventory is necessary for any business because it allows taking pertinent actions to start the next year, also for tracking the inventory as every item should be counted. It helps to know what happens with every article, for example, if there are any losses (damaged goods, stolen or miscounted).

It is helpful to detect items that are about to expire or become obsolete so the company can sell them, and don’t lose money, by using a marketing strategy and then renew/supply the store.

5 0
3 years ago
Write an essay with the topic: Information logistics system is one of the major topics of interest to manufacturing and logistic
Harrizon [31]

Answer:

it 8s easy you need to divide the question in to points and write a paragraph on them

6 0
3 years ago
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods so
Crazy boy [7]

Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240           ($11,2000 x 2%)

              To Accounts receivable A/c $113,800           ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800    ($112,000 + $1,800)

               To Merchandise inventory A/c $2,240              ($11,2000 x 2%)

                To Cash A/c $111,560

(Being cash is paid)

8 0
3 years ago
Can someone help??????
Rudiy27
I think it's D but I can't say I'm 100% sure..
3 0
3 years ago
Which phrase best describes the purpose of a slide master? Check all that apply.
Ksju [112]

Answer: to establish the layout of all slides, or a group of slides, in a presentation.

to determine the theme of all slides, or a group of slides, in a presentation.

to allow users to apply changes in layout or theme to an entire presentation.

Explanation:

It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.

The phrase best describes the purpose of a slide master include:

• to establish the layout of all slides, or a group of slides, in a presentation.

• to determine the theme of all slides, or a group of slides, in a presentation.

• to allow users to apply changes in layout or theme to an entire presentation.

Therefore, the correct options are C, D and F.

8 0
3 years ago
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