Answer:
units of output = 2 units
fixed cost = 8
Explanation:
given data
SMC = 2 + 4Q
AVC = 2 + 2Q
to find out
how many units of output will it produce at a market price and what level of fixed cost will this firm earn zero economic profit
solution
we know here that under perfect competition
so at the equilibrium here Price (P) will be = MC
P = MC = 10
and
SMC = 2 + 4Q ,
P = 2 + 4Q
10 = 2 + 4Q
Q = 2 units
and
at zero economic profit we get
TR = TC
TR = P × Q
TR = 10 × 2
TR = 20
so
TC = TFC + TVC
20 = TFC + 12
TFC = 8
because here [ TVC = AVC × Q ]
[ TVC = (2 + 2 × 2) × 2 ]
[ TVC = 12 ]
A skill you will use in your writing, way of thinking, evaluating conversations, and in daily encounters with others is communication skill.
Communication is the act of transferring information from one place to another. It can be done vocally i.e by using voice, written by using printed or digital media such as books, magazines, websites and emails, visually by using logos, maps, charts or graphs or can be non-verbally by using body language, gestures and the tone and pitch of voice.
Communication skills may take a lifetime to master in it. There are many things that you can do easily to improve your communication skills and ensure that you are able to transmit and receive information effectively.
To know more about communication skills here:
brainly.com/question/12041113
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Answer:
$213,500.
Explanation:
Retained earnings balance at the beginning of the year $ 166,000
- Cash dividends declared for the year 52,000
+ Net income for the year 99,500
Answer:TRUE
Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.
