Business, 09.07.2019 05:20, bridgettebach
Ernie owns a water pump. because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. here is the cost he incurs to produce each bottle of water: cost of first bottle $1cost of second bottle $3cost of third bottle $5cost of fourth bottle $7a. from this information, derive ernie’s supply schedule. graph his supply curve for bottled water. b. if the price of a bottle of water is $4, how many bottles does ernie produce and sell? how much producer surplus does ernie get from these sales? show ernie’s producer surplus in your graph. c. if the price rises to $6, how does quantity supplied change? how does ernie’s producer surplus change? show these changes in your graph.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 07:30, QueenNerdy889
1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war? 1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war?
Answers: 1
Business, 22.06.2019 11:40, taylor825066
Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x, y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.
Answers: 3
Business, 22.06.2019 20:40, Blazingangelkl
Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.
Answers: 2
Do you know the correct answer?
Ernie owns a water pump. because pumping large amounts of water is harder than pumping small amounts...
Questions in other subjects:
Mathematics, 24.06.2019 16:00
English, 24.06.2019 16:00
History, 24.06.2019 16:00
