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
Marta_Voda [28]
3 years ago
6

Suppose that a firm is currently maximizing its short-run profit at an output of 50 units. If the current price is $9, the margi

nal cost of the 50th unit is $9, and the average total cost of producing 50 units is $4, what is the firm's profit
Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

$250

Explanation:

Profit = Total revenue - Total cost

Profit = ($9*50 units) - ($4*50 units)

Profit = $450 - $200

Profit = $250

Thus, the firm's profit will be $250.

You might be interested in
In the month of July (31 days), a company had an available balance in their deposit account of $4,126,000 and service charges of
anygoal [31]

The amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.

<h3>Amount owe after adjustment</h3>

Using this formula

Amount owe=Service charges-(Deposit balance×(1-Reserve requirement)×ECR× Number of days/Number of days in a year)

Let plug in the formula

Amount owe = 2500 - (4126000× (1-.10)×0.45%×31/365)

Amount owe = 2500 - (4126000×.90×0.45%×31/365)

Amount owe=2500-1,419

Amount owe =$1081

Therefore the amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.

Learn more about Amount owe after adjustment here:brainly.com/question/27489236

#SPJ1

8 0
2 years ago
If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin
Dmitrij [34]

Answer:

reduce output

Explanation:

The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.

A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).

I hope my answer helps you

5 0
3 years ago
Which one sounds better?<br> Basic Betty OR Basic Betsey
Arlecino [84]

Answer:

Basic Betty

Explanation:

Sounds more normal

6 0
3 years ago
Read 2 more answers
Which hmmwv variant is the primary vehicle carrying the s250 electrical equipment shelter?
KonstantinChe [14]

Its usually the M1152 model of hmmwvs

6 0
4 years ago
During the "design" step of appreciative inquiry, participants ________.A) find a common vision of how the organization will loo
Mila [183]

Answer:

The correct answer is A) find a common vision of how the organization will look in the future

Explanation:

4 0
3 years ago
Other questions:
  • "johnson corp, is selling based on marginal cost pricing. if the marginal cost of producing good a is twice that of b, what is t
    15·1 answer
  • As a sole proprietor, Jessica took out a loan to buy equipment for her in-home business. If Jessica's business does not make eno
    10·1 answer
  • Suppose you are starting a PhD program with only $1,000 in your savings account. The university has agreed to waive your tuition
    14·1 answer
  • What determines how the burden of tax is divided between buyers and sellers? Why?
    9·2 answers
  • A market-penetration pricing strategy is most suitable when Answer . A) a low price slows down market growth B) production and d
    8·1 answer
  • Heather normally uses a popular brand of cosmetics, but recently started having problems anytime she wears the makeup. At the dr
    5·2 answers
  • Geraldine Parker, the owner of Gi Grs Dance Studio, Inc., started the business by investing $10,000 cash and donating a building
    10·1 answer
  • For more than 20 years, the Fed has used the federal funds rate as its monetary policy target. It has not targeted money supply
    6·1 answer
  • On April 1, 2017, La Presa Company sells some equipment for $18,000. The original cost was $50,000, the estimated salvage value
    13·2 answers
  • What is considered gross proceeds paid to an attorney.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!