Business
Business, 18.12.2019 17:31, doll1234

Suppose that the manager of a firm operating in a perfectly competitive market has estimated the average variable cost function to be: avc = 4.0 - 0.0024q + 0.6q2 fixed costs are $500. if the forecasted price of the firm’s output is $4.00, how much profit (loss) will the firm earn (round to the nearest dollar)?

a. -$943
b. $57
c. -$444
d. $557

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 22:50, emanuelmorales1515
Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility. output for facility 1: output for facility 2: c. determine the profit-maximizing price.$
Answers: 3
image
Business, 23.06.2019 06:00, dragon2998
Legal requirements, suppliers and distributors, competitors, and market profiles are contained in the element of your business plan. a. introduction b. operating plant c. industry d. business information
Answers: 1
image
Business, 23.06.2019 13:40, irlShadow
Type the correct answer in the box spell all words correctlyaccording to aristotle's three critical elements of good communication, what equates to logic? one of aristotle's critical elements of good communication iswhich equates to logicresetnext
Answers: 3
image
Business, 23.06.2019 23:00, skyhighozzie
Tina is a restaurant manager at a high-end restaurant. she works very long hours, and sometimes double shifts. when she's home, she is constantly texting and answering texts from the restaurant. her husband complains that he rarely gets to see her and that he is unable to keep up all the household tasks himself. tina is experiencing
Answers: 1
Do you know the correct answer?
Suppose that the manager of a firm operating in a perfectly competitive market has estimated the ave...

Questions in other subjects:

Konu
Mathematics, 24.06.2020 23:01