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
Novosadov [1.4K]
2 years ago
11

The daily cost of producing pizza in New Haven is C(Q) = 4Q + (Q2/40); the marginal cost is MC = 4 + (Q/20). There are no avoida

ble fixed costs. What is the market supply function if there are 10 firms making pizza? If 20 firms are making pizza? What is the market supply curve under free entry? [HINT: As the first step, find the AC and show that AC is at its minimum when Q = 0.]
Business
1 answer:
postnew [5]2 years ago
8 0

Answer:

q_{10} = 200P - 800

q_{20} = 400P - 1600

Explanation:

let the supply function be : P = MC

P = 4 + Q/20

therefore Q = 20P - 80 ( supply function )

For 10 firms

Q = 10( 20P - 80 ) = 200P - 800

for 20 firms

Q = 20(20P - 80 ) = 400P - 1600

next determine market supply curve under free entry

AC = 4 + Q/40

Hence ; when Q = 0 , AC = 4   and this is for unlimited number of firms

You might be interested in
Business solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. the $174
Natasha2012 [34]

Answer:

Variable Expenses

Desk   $115,520

Chairs $19,040

Fixed cost

Budgeted   $40,000

Under absorbed $1,800

Explanation:

Variable costs are those will vary will the change in sale or activity level e.g material cost, labor cost etc.

Fixed costs are those which remains fix and does not vary with the change in sale or activity level.

5 0
3 years ago
Vanessa bought a house for $268,500. She has a 30 year mortgage with a fixed rate of 6.25%. Vanessaâs monthly payments are $1,59
Musya8 [376]

Answer:

Ans. A) $9,314.45

Explanation:

Hi, first we have to bring to present value the monthly payments to be made for 30 years (360 months). In order for this to be useful, we have to convert this annua compounded monthly rate (6.25%) to an effective rate, that is 6.25% / 12 = 0.5208%. Now, when we find this present value, we are going to substract it from the price of the house and that is the value of the down payment. But let´s just go ahead and do it together.

We have to use this formula to bring to present value the $1,595.85 monthly payments, for 30 years (360 months) at a rate of 6.25% (0.5208% monthly).

PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }

It should look like this

PresentValue=\frac{1,595.85((1+ 0.005208 )^{360}-1) }{0.005208(1+0.005208)^{360} }

Present Value=259,185.55

Now, let´s go ahead and find the down payment.

DownPayment=Price-PresentValue

DownPayment=268,500-259,185.55= 9,314.45

So, the answer is a). $9,314.45

Best of luck.

5 0
3 years ago
The intent of corporate advertising is to make sure that all of a company's products are seen in a common, positive manner. True
evablogger [386]

Answer:

False since the intent of corporate advertising is usually done to ensure that the perception of the company's image is positive.

Explanation:

Corporate advertising is usually done to ensure that the perception of the company's image is positive. The products under the corporation is not a priority in this case, rather its is the company as a whole that needs to be viewed in good light.

This kind of advertising forms part of the public relations techniques used by the company or institution to improve its public image. There are so many companies with different brands under them that utilize this advertising technique to improve their standing in the public eye. It is a way of making the company itself to be a brand by advertising the company as a package.

These companies always want to prove that they care more about the public than they care for the products, in this way they create the perception that the company is primary and anything else is secondary.

Cooperate advertising is majorly used in companies whose business activities have a negative effect to the public. Cooperation that engage in mining activities or activities that affect the environment are likely to utilize this form of advertising.

6 0
2 years ago
George is trying to teach his two-year old son to gently caress their cat. George softly strokes the animal and every time his s
harkovskaia [24]

Letter C is correct. Retention processes.

The failure in the social learning process is in the retention process. This process occurs when the behavior is not remembered after observation. This is what happens when George's son does not repeat proper behavior with the cat when not being observed, because he does not remember. To avoid this failure it is necessary to reproduce the learning process until a memory is formed to identify the expected behavior.

3 0
3 years ago
What three factors influence the value of a country’s currency?
kondor19780726 [428]

Economics conditions, political stability and balance of payments 3

7 0
3 years ago
Read 2 more answers
Other questions:
  • Runaround Corporation sells running shoes and during January they ran production machines for 29 comma 000 hours total and incur
    9·1 answer
  • Assume that the market is originally in equilibrium. Now suppose that this product gains a sudden popularity among consumers. Ho
    7·1 answer
  • Assume the following unadjusted account balances at the end of the accounting period for Chocolate Brownie Palace: Accounts Rece
    13·1 answer
  • Georgia, a widow, has take-home pay of $600 a week from her part-time job. Her disability insurance coverage replaces 70 percent
    7·1 answer
  • Karen bought a mixer. She received a warranty that covers only certain aspects of the product. If the product fails, she may be
    8·2 answers
  • "Choose a product that is important to you personally. How could a manufacturer imple- ment the critical success factors you ide
    12·1 answer
  • Which of the following is the formula for break-even point in sales dollars? A : Fixed costs divided by contribution margin rati
    7·1 answer
  • Practicing smiling and shaking hands with friends and family can help to ease your nerves before an interview or first meeting w
    5·1 answer
  • Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violate
    10·1 answer
  • When J.K. Rowling exerts copyright ownership of her literary works, she creates a monopoly by restricting Group of answer choice
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!