Social Studies, 08.04.2021 15:30, jessicawelch25

Allura's Little Robotics Company sells Good S in a perfectly competitive market with a downward-sloping demand curve and an upward-sloping supply curve. The market price is $62 per unit. (a) Calculate the average fixed cost of producing 2 units. Show your work. (b) Identify the profit-maximizing quantity. Explain using marginal analysis. (c) Calculate the economic profit at the profit-maximizing quantity you identified in part (b). Show your work. (d) Based on your answer to part (c), will the number of firms in the industry increase, decrease, or stay the same in the long run? Explain.

Answers: 3

Show answers

Other questions on the subject: Social Studies

Social Studies, 22.06.2019 10:10, SushiMagic

The two-factor theory of emotion was proposed by

Answers: 2

continue

Social Studies, 22.06.2019 16:40, cookie42087

Around the third week of a college class, a professor decides she’s had enough, is tired of dealing with bureaucracies, and wants out. so one day, instead of coming to class, she flies to tahiti and sells souvenirs on the beach. if this happened, the college would simply assign a substitute to finish the course. what does this tell you about the nature of the authority wielded by a professor?

Answers: 1

continue

Social Studies, 22.06.2019 21:00, beccakubas

10. a driver should evaluate the condition of the intended driving path as being

Answers: 1

continue

Social Studies, 22.06.2019 21:00, tdbstonefamliy

This description of the "firm league of friendship" of states is a quotation from the

Answers: 1

continue

Do you know the correct answer?

Allura's Little Robotics Company sells Good S in a perfectly competitive market with a downward-slop...