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butalik [34]
3 years ago
6

Suppose that the market for painting services is perfectly competitive. Painting companies are identical; their long-run cost fu

nctions are given by: Market demand is: The long-run equilibrium price in this industry is $____. 173.5 162.5 194.5 155.5
Business
1 answer:
gayaneshka [121]3 years ago
6 0

Answer:

b. 162.5

Explanation:

Missing question "<em>long-run cost functions are given by TC(Q)= 6Q^3-30Q^2+200Q"</em>

<em />

TC(Q)= 6Q^3-30Q^2+200Q"

Marginal cost = 18Q^2 - 60Q + 200

Average Total Cost = 6Q^2 - 30Q + 200

ЭATC / ЭQ = 0

12Q - 30 = 0

Q = 2.5

ATC = 6Q^2 - 30Q + 200

ATC = 6*(2.5)^2 - 30(2.5) + 200

ATC = 37.5 - 75 + 200

ATC = 162.5

Thus, P = 162.5

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Answer:

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Explanation:

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From the question, the aim of the lawyers is mainly to increase their own wealth in terms of legal fees they will collect from preparing wills, trusts, and other legal documents when they prepare them for people when a law restrict people from self-preparing it using their personal computers. In turn, the lawyers will only increase their share of wealth without adding any wealth.

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3 years ago
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The property of water that produces water's surface tension is called <u>cohesion</u>, which is the tendency of water molecules to stick together.

More about surface tension:

The force per unit length that must be supplied parallel to the surface in order to balance the net inward pull is known as the surface's "tension."

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Due to the cohesive structure of the water molecules, surface tension can be described as the characteristic of a liquid's surface that permits it to resist an external force.

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4 0
1 year ago
Barry is a farmer who sells his farm produce to top who is the broker for the agriculture industry burying time often agree on a
fredd [130]
I am guessing it could be secondary market.

5 0
3 years ago
A product is considered to be nonexcludable ifA. it is jointly owned by all members of a community.B. your consumption of the pr
astra-53 [7]

Answer:

OPTION C              

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Products which are not excluded and products which are excluded are opposites. The former means that each person can access and consume a certain public good while the latter refers to goods which prevent some people from using it. Exclusive items are private goods while non-exclusive goods are public goods.

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Which of the following is not eligible to disclosure of a consumer debtor’s credit report?​ a. ​the spouse of the consumer debto
seropon [69]

Answer:

c. ​a consumer debtor requesting the report without a credit application pending

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