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Novosadov [1.4K]
3 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]3 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

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8 0
3 years ago
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Safety and self- actualization are examples of emotional appeals.

<h3> </h3><h3>What is emotional appeal?</h3>

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2 years ago
S&amp;L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2018, S&amp;L pu
nikdorinn [45]

Answer:

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2019 gain for 4,000

Explanation:

purchase at 715,000

December 31th 713,500

adjusting entry december 31th

loss on investment          1,500 debit

    marketable securities                     1,500 credit

january 3rd, 2019

cash                                717,500 debit

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to record gain on investment

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not just pay them they can award them with extra credit?

Explanation:

4 0
3 years ago
​Martinville, Inc. earned revenues of $ 17,000 and incurred expenses of $ 7,000. The company declared and paid cash dividends of
vladimir1956 [14]

Answer:

$10,000

Explanation:

A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.

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=$17,000 -$7,000

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Balance in the Income Summary account was $10,000

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