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Delvig [45]
3 years ago
5

A firm sells its product in a perfectly competitive market where other firms charge a price of $110 per unit. The firm estimates

its total costs as C(Q) = 70 + 14Q + 2Q2. a. How much output should the firm produce in the short run?
Business
1 answer:
klemol [59]3 years ago
8 0

Answer: 24 units.

Explanation:

Price(P) = 110

C(Q) = 70 + 14Q + 2Q²

The output level will be gotten when price e equals to the marginal cost.

Since C(Q) = 70 + 14Q + 2Q², the marginal cost (MC) will be: 14 + 4Q.

Therefore, P = MC

110 = 14 + 4Q

4Q = 110 - 14

4Q = 96

Q = 96/4

Q = 24

In the short run, the firm will produce 24 units.

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Assume your gross pay per pay period is $2,000 and you are in the 33 percent tax bracket. calculate your net pay and spendable i
jasenka [17]

After-tax saving method

Gross Pay (Tax)=Net Pay

$2,000 $(660)= $1,340

Spendable Income $1,340 -$200= $1,140

]The term "spendable income" is used to describe the sum of money left over after tax payments have been made. When all bills and expenses have been covered, what's left over is a person or family's discretionary income, which can be used toward future goals like investing, saving, or spending. You can spend your discretionary funds because of the money you have available to you.

When calculating your disposable income, how do you account for taxation? It is your spendable income, from which you subtract necessary living expenses, that serves as the basis for your discretionary income.

Consider your take-home pay once taxes have been deducted as an illustration of your discretionary income. The term "discretionary income" refers to the amount of money left over after obligatory expenses have been met. These include but are not limited to rent or mortgage, student loan payments, utility bills, and groceries.

To know more about spendable income refer to:

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8 0
1 year ago
There is very high level of performance ambiguity in firms pursuing a ________ strategy compared to firms pursuing other strateg
dexar [7]

Answer:

D). Global

Explanation:

The firms adopting a standardized global strategy possesses a higher level of ambiguity in performance in comparison to the firms pursuing other different strategies as the range is quite broad and therefore, the uncertainties are higher. Such firms possesses a higher level of ambivalence as a single product may not be suitable to the demands and interests of the people globally which is a key assumption in global standardized strategy. Thus, <u>option D</u> is the correct answer.

5 0
3 years ago
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $726,887 and Allo
In-s [12.5K]

Answer:

$703,575

Explanation:

The computation of the net realizable value of accounts receivable is shown below:-

Net realizable value of accounts receivable = Accounts Receivable -  Allowance for doubtful accounts

= $726,887 - $23,312

= $703,575

So, for computing the net realizable value of accounts receivable we simply applied the above formula.

4 0
4 years ago
A quality control activity analysis indicated the following four activity costs of an administrative department:
Doss [256]

Answer:

total sales are the internal failure costs is 2%

Explanation:

given data

form to reduce errors =  $15,000

customer complaints = 75,000

Verifying = 30,000

Correcting errors = 60,000

Total = $180,000

sales = $3,000,000

to find out

total sales are the internal failure costs

solution

we know here that internal failture cost is express as

internal failture cost  = correcting error in form   ...........1

internal failture cost  =  $60000

and

internal failture cost as % of total cost is here as

internal failture cost to sale = \frac{internal\ failture\ cost}{sales}   .......2

internal failture cost to sale = \frac{60000}{3000000}

internal failture cost to sale = 2%

so total sales are the internal failure costs is 2%

3 0
4 years ago
Owning your own business allows you the freedom to A. enjoy more free time. B. bypass some laws and restrictions of the region i
7nadin3 [17]
D<span>:determine your own working hours. looks like the only logical one.</span>
6 0
3 years ago
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