Business, 02.12.2019 22:31 danielahalesp87vj0

Assume the following cost data for a purely competitive producer:
a. at a product price of $56: will this firm produce in the short run? if it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? what economic profit or loss will the firm realize per unit of output?
b. at a product price of $41: will this firm produce in the short run? if it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? what economic profit or loss will the firm realize per unit of output?
c. at a product price of $32: will this firm produce in the short run? if it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? what economic profit or loss will the firm realize per unit of output?
d. in the table below, complete the short-run supply schedule for the firm and indicate the profit or loss incurred at each output.
e. now assume that there are 1500 identical firms in this competitive industry; that is, there are 1500 firms, each of which has the cost data shown in the table. complete the industry supply schedule (column 4 in table above).
f. suppose the market demand data for the product is as follows:
what will be the equilibrium price?
what will be the equilibrium output for the industry? for each firm?
what will profit or loss be per unit? per firm?
will this industry expand or contract in the long run?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:10, Kittylover65

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Answers: 2

continue

Business, 21.06.2019 23:00, Tywan566

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 assetâ€™s useful life (years) 3 4 4 6 lessorâ€™s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes

Answers: 1

continue

Business, 22.06.2019 00:40, alaynagrace1111

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Answers: 1

continue

Business, 22.06.2019 10:20, itscheesycheedar

The different concepts in the architecture operating model are aligned with how the business chooses to integrate and standardize with an enterprise solution. in the the technology solution shares data across the enterprise.

Answers: 3

continue

You know the right answer?

Assume the following cost data for a purely competitive producer:
a. at a product price of $...