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
pshichka [43]
3 years ago
8

I'm dealing with "internal economies of scale". We are considering monopolistic competition as an example. We assumed that firms

are symmetric: they face the same demand function and have the same cost function.
Why do firms falling in this situation, have different marginal cost functions? Why is it true that some are well performing and some are not?
Business
1 answer:
Step2247 [10]3 years ago
5 0

Answer:

The concept of Micro-Economics are the elasticity of demand, marginal costs, the ... firm. ME deals with Demand analysis, Forecasting, Production function, Cost ... same. Because this is the world of competition and it has to be faced with all the possible options. 5. ... When we consider the demand for a commodity by all the.

You might be interested in
How does microfinance benefit the global economy?​
KatRina [158]
I am sorry I do not know
6 0
3 years ago
Which person would most likely purchase a life insurance policy with a $1 million death benefit?
Dovator [93]
I would say D, you don’t need a million dollar death benefit if you have no one to claim it.
4 0
3 years ago
Read 2 more answers
When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.
DanielleElmas [232]

Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

L = \frac{Q^2}{25}

Therefore, the Short run total cost function (STC) will be:

20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2

7 0
3 years ago
You need to lift a 100 lbmrock 300ft with an electric motor that is 60% efficient, how much will it cost if the electricity is 1
Dominik [7]

Answer:

0.066 cent

Explanation:

Efficiency (E) = Energy output (Eo)/Energy input (Ei)

Eo = E × Ei

E = 0.6

Ei = mass × acceleration due to gravity × height

mass = 100lbm = 100×0.45359kg = 45.359kg, height = 300ft = 300/3.2808 = 91.44m

Ei = 45.359×9.8×91.44 = 40646.7Ws = 40.6467kWs = 40.6467kWs × 1h/3600s = 0.011kWh

Eo = 0.6 × 0.011kWh = 0.0066kWh

1kWh = 10 cents

0.0066kWh = 0.0066×10 = 0.066 cent

5 0
3 years ago
What is the south african government providing and for whom ?
Goryan [66]
Welfare payment is an amount of money that is paid by the government to someone who is ill,poor. Consumer subsidies is a grant assistance given by one part for support welfare payment is the amount of money paid by the goverment regularly to assist the people of the country . it can be in a broader and narrower sense. narrower sense reffers to the needy, ill, and poor(social grant). the broader refers to everyone(public goods)
4 0
3 years ago
Other questions:
  • Juan Garza invested $112,000 10 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an
    15·1 answer
  • The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
    15·2 answers
  • Elias, the manager of eat big chain of restaurants, gives awards on a monthly basis to employees with highest productivity. this
    11·1 answer
  • Your boss would like your help on a marketing research project she is conducting on the relationship between the price of soda a
    15·1 answer
  • A strategy of ____________ reciprocating both the frequency and magnitude of the other bargainer's concessions was found to be m
    7·1 answer
  • Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Meli
    6·1 answer
  • This is for the Globalization Trend Quick Check. (Economics B, Lighthouse Connections)
    12·1 answer
  • If quantity supplied increases 20% when price increases 10%, price elasticity of supply is.
    15·1 answer
  • Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) ________ pric
    13·1 answer
  • According to a recently enacted minnesota statute, the vendee (buyer) must record the contract for deed within how long of its e
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!