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guajiro [1.7K]
3 years ago
9

g Suppose Marcia's Manioc Farm is a non-price discriminating monopolist producing manioc and is producing its profit-maximizing

level of output. Suppose further that at her current level of output, Marcia's average total cost is $1.50, her average variable cost is $1.00, and her marginal cost of producing an additional kilo of manioc is $1.40. Marcia's economic profit is _____ in the short run.
Business
1 answer:
KatRina [158]3 years ago
7 0

Answer: ambiguous

Explanation:

The profit will be calculated by subtracting the total cost from the total revenue. i.e. Profit = Total revenue - Total cost.

To know the value of the economic profit, the price is required but based on the information given in the question, the price was not given as we were given only the cost. There, in this case, the answer will be "ambiguous" as we do not have all the information required to solve the question.

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Products that consumers a regularly without spending much effort on thinking about them are?
vitfil [10]

Answer: Convenience, Shopping, Speciality and Unsought

Explanation: Next time please be more specific Thanks

8 0
2 years ago
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A stock has an average expected return of 9.7 percent for the next year. The beta of the stock is 1.34. The T-Bill rate is 5.2%
givi [52]

Answer:

3.4%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

9.7 = 5.2 + 1.34(x - 5.2)

9.7 - 5.2 =  1.34(x - 5.2)

3.35 = x - 5.2

4 0
3 years ago
A firm's optimal output is 1,000 units per month, with a fixed cost of $300 per month and variable cost of $200 per month. The m
irina [24]

Answer:

Increase the production to decrease the fixed cost per unit

Explanation:

The reason is that if the production increases then the fixed cost will start decrease because the level of production and fixed cost per unit are inversely proportional to each other. Now if the production increases to 1250 ($500/0.4) units then the firm is at no profit and no loss position (Breakeven position). So all the firm has to do is increase its production above 1250 and generate the demand of increased production at the same price.

6 0
3 years ago
A company produces 11,900 units of which 200 are spoiled units because the​ process, even though carefully and efficiently execu
Andre45 [30]

Answer:

Normal spoilage rate = 1.6978% (Approx)

Explanation:

Given:

Total unit produce = 11,900 units

Normal spoil unit = 200 units

Abnormal spoil unit = 120 units

Total normal unit produce = 11,900 - 120 = 11,780

Computation of normal spoilage rate:

Normal spoilage rate = Normal spoil unit / Total normal unit produce

Normal spoilage rate = 200 / 11,780

Normal spoilage rate = 0.0169779287

Normal spoilage rate = 1.6978% (Approx)

6 0
3 years ago
Which of the following is true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college c
blsea [12.9K]

Answer:

All of these options is true

Explanation:

Statement of revenue and expenses is a comprehensive report showing the amount of profit earned minus the amount of operating expenses.

It provides information regarding the organization's operation as well as the revenue generated.

Revenue earned is collated as receipts and included in the statement of revenue and expenses.

Regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college choosing to report as a special-purpose entity engaged in business-type activities, the following apply:

  • State appropriations should be reported as non-operating income
  • Both contributions for plant and for endowment purposes must be reported separately after both operating and non-operating revenues and expenses
  • An operating income figure must be displayed
4 0
3 years ago
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