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
bija089 [108]
2 years ago
7

A producer of fixed proportion goods X and Y (Q = Qx = Qy) has marginal costs and revenues of MC = 10 Q, MRX = 150 - 6 QX, MRy =

30 - 4 Qy. The producer should produce how many units?
a. Qx =9, Qy=9
b. Qx = 9, Qy = 7.5
c. Qx = 10, Qy = 10
d. Qx = 9, Qy=0
Business
1 answer:
sammy [17]2 years ago
7 0

Answer:

a. Qx =9, Qy=9

Explanation:

As per the given data

Q = QX = QY

MRX = 150 - 6QX = 150 - 6Q

MRY = 30 - 4QY = 30 - 4Q

MC = 10Q

Now calculate the Marginal revenue as follow

MR = MRX + MRY

MR = 150 - 6Q + 30 - 4Q

MR = 150 + 30 - 6Q - 4Q

MR = 180 - 10Q

The Equilibrium of the producer will be

MR = MC

180 - 10Q = 10Q

180 = 10Q + 10Q

180 = 20Q

Q = 180 / 20

Q = 9

As we know

Q = Qx = QY

Hence, the value of Qx  and QY is 9

You might be interested in
Governments would decrease government expenditures to fight a/an ______________ gap. Due to this change in G, the budget balance
dlinn [17]

Governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance (BB) would reduce.

<h3>What is budget?</h3>

It should be noted that a budget simply shows the revenue and expenditure for a period of time.

In this case, governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance would reduce.

Learn more about budget on:

brainly.com/question/6663636

#SPJ1

4 0
2 years ago
_________ management emphasized internal operations because managers were concerned primarily with meeting the explosive growth
xenn [34]

Answer:

Systematic management

Explanation:

Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:

To establish the particular procedures and processes to be used in the completion of the job task.

So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.

5 0
3 years ago
When identical units of an item are purchased at different costs,
Masja [62]
When identical units of an item are purchased at different costs: <span>an inventory cost flow method must be used under both a perpetual and a periodic inventory system.

A perpetual inventory system will update your inventory on hand after each sale or purchase of inventory is made.  A periodic inventory system is updated periodically, meaning, a company will give a time period they would like their sales and purchases to update in and the system will perform that. Both systems are great for a business but it's their option of how they are generated. 
</span>
7 0
3 years ago
Determine whether each of the following accounting duties mainly involves financial accounting, managerial accounting, or tax ac
tekilochka [14]

Answer:

Explanation:

1. managerial

2, managerial

3. financial

4. financial

5. tax

6. financial

7. tax

8. tax

3 0
3 years ago
Which of the following is a reason for involving in decision making the people who are going to be affected by its results?The d
Assoli18 [71]

They will be more accepting of losses and failures if they are involved from the start.

Answer: Option D

<u>Explanation:</u>

Decision Making is the process where certain alternatives are set by the people who are involved in making a decision about achieving or reaching at a particular thing.

The people who are going to be affected by the result, it is very important to involve them in making the decisions so that if any failure or loss occurs during the working, the people accept it. If they are not involved in the process, they might not take the result very positively.

3 0
3 years ago
Other questions:
  • Standard costs have which of the following characteristics? (Check all that apply.)
    9·1 answer
  • Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you w
    9·1 answer
  • Walter Shewhart is listed among the important people of operations management because of his contributions​ to: A. assembly line
    5·1 answer
  • Which of the following terms is correct?
    15·1 answer
  • Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t
    12·1 answer
  • Piercy, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 −$ 68,000 −$ 68,00
    13·1 answer
  • Custom Cars purchased $39,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20
    7·1 answer
  • Monetary policy has a​ ________ effect on aggregate demand in​ a(n) ________​ economy, and fiscal policy has a​ ________ effect
    15·1 answer
  • Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than
    8·1 answer
  • Gridiron Merchandising anticipated selling 30,000 units of a major product and paying sales commissions of $8 per unit. Actual s
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!