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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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Cheaper pricing, more attractive loyalty programmes, more convenient delivery options and better product range.

Explanation:

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2 years ago
abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 =  Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

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7 0
3 years ago
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3 years ago
Read 2 more answers
In the manufacture of 9,400 units of a product, direct materials cost incurred was $174,900, direct labor cost incurred was $109
stiv31 [10]

Answer:

$154,000

Explanation:

Calculation to determine the total conversion cost

Using this formula

Total conversion cost=Direct labor cost incurred

+Applied factory overhead

Let plug in the formula

Total conversion cost =$109,800+$44,200

Total conversion cost=$154,000

Therefore Total conversion cost is $154,000

5 0
3 years ago
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