Business, 15.10.2019 23:00, Isaiahtate053

Anumber of stores offer film developing as a service to their customers. suppose that each store offering this service has a cost function (c) c(q)equals25plus0.40qplus0.0625q squared and a marginal cost (mc) of mc(q)equals0.40plus0.125q. if the going rate for developing a roll of film is $6.25, is the industry in long-run equilibrium? no . find the price associated with long-run equilibrium. the market will be in long-run equilibrium when the price is $ 2.90. (enter your response rounded to two decimal places.) suppose now a new technology is developed that will reduce the cost of film developing by 20 percent. assuming that the industry is in long-run equilibrium, how much would any one store be willing to pay to purchase this new technology? assuming that the market price remains at the above long-run equilibrium level, a firm would be willing to pay $ 13.28 for the new technology. (enter your response rounded to two decimal places.)

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:30, dondre54

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $

Answers: 2

continue

Business, 22.06.2019 17:50, primmprincess312

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Answers: 2

continue

Business, 22.06.2019 20:10, boofpack9775

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits

Answers: 3

continue

Business, 22.06.2019 20:20, korireidkdotdot82021

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900

Answers: 1

continue

Do you know the correct answer?

Anumber of stores offer film developing as a service to their customers. suppose that each store off...