1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
2 years ago
13

A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q

+ 0.1Q2 and long-run marginal cost of LMC = 800 – 20Q + 0.3Q2. In long-run equilibrium, each firm produces a quantity of ____. 50 40 30 60
Business
1 answer:
Karolina [17]2 years ago
5 0

Answer:

50

Explanation:

According to the question, The computation of the quantity produce is shown below:

Here we use the differentiation LRAC to zero

\frac{\partial LRATC}{\partial Q}=-10+0.2Q=0\\\\ 0.2Q=10\\\\ Q=50

From above calculation it can be concluded that the each firm would be produced the quantity of long run equilibrium for 50

Hence, the first option is correct

You might be interested in
Accounts and Notes Payable On February 15, Barbour Industries buys $800,000 of inventory on credit. On March 31, Barbour approac
Anettt [7]

Answer and Explanation:

The journal entries are shown below:

On Feb 15

Purchases     $800,000

      To Accounts payable    $800,000

(Being the purchase of inventory on credit is recorded)

On Mar 31

Accounts payable $800000

      To Notes payable  $800000

(Being the issuance of note is recorded)

On Sept 30

Notes payable    $800,000

Interest expense   $40,000

            To Cash  $840,000

(Being the payment of note and interest is recorded)

The interest expense is computed below:

= $800,000 ×  10% × 6 months  ÷ 12 months  

= $40,000

The six months is calculated from Mar 31 to Sep 30

Only these entries are passed

5 0
3 years ago
Which of the following could be considered collateral for a loan? (Select all that apply.)
Brums [2.3K]
The answer is b........
3 0
2 years ago
Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price
noname [10]

Answer:

C) $300 U

Explanation:

Gipple Corporation

Material Quantity Variance = (Actual Quantity Used * Standard Unit Cost )-

( Standard Quantity Used * Standard Unit Cost )

Material Quantity Variance =(AQ* SP) -(SQ*SP)

Material Quantity Variance = (24,870* 6)- ( 7.3* 3400 *6)

Material Quantity Variance = (24,870* 6)- (24,820* 6)

Material Quantity Variance = 149220 - 148920

Material Quantity Variance = $300 Unfavorable

As actual quantity is greater than standard quantity it is unfavorable.

4 0
2 years ago
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales co
Aloiza [94]

Answer: The answer is Net income $180,000

Explanation:

All star Exposure

Monthly income Statement

$ $

Sales. 475,000

Less: Expenses

Sales commission 42,000

Technology cost 71,000

Research & Development cost 140,000

Selling Expenses 12,000

Administrative Expenses 30,000

---------------------

(295,000)

---------------------

Net income. 180,000

-----------------------

The All star income statement has no line item for cost of good sold because cost of good sold is a direct cost incurred by All star Exposure on the goods sold. it does not appear as part of the expenses in the income statement.

5 0
2 years ago
Which of the following is the cost of quality classification for costs such as defects that pass through the system, such as cus
KonstantinChe [14]
Would have to say the answer is A
8 0
3 years ago
Other questions:
  • Flapjack Corporation had 7,953 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budg
    14·1 answer
  • Which is missing in most areas that do not have karst topography?
    10·1 answer
  • What type of mining is used for both coltan and gold?
    12·1 answer
  • Workers are responsible for the production of goods in a business,
    9·1 answer
  • Fran uses a database software system to remind him when his customers should be ready to reorder his industrial cleaning product
    13·1 answer
  • Insurance underwriters sell insurance.<br><br> True or False?
    11·1 answer
  • Having completely reshaped the retail industry, Amazon’s recent decision to enter grocery business through its acquisition of Wh
    9·1 answer
  • Jose has been offered a new job. The new job will pay more than his current job. Jose is hesitant to take the new job because it
    9·1 answer
  • g Suppose total output (real GDP) is $1,000 and labor productivity is $10. We can conclude that the number of worker hours must
    15·1 answer
  • For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!