Business, 24.10.2020 18:00 starsinopoli13
Suppose that two firms are producers of spring water, which can be obtained at zero cost. The marginal revenue for their combined output is MR =10-2Q where MR is marginal revenue and Q is the number of litres of spring water sold by both firms per hour. If the 2 producers act according to the oligopoly model, how much will their combined output be? How much is the market price of water per litre?
Answers: 1
Business, 23.06.2019 02:10, jljhenkel
Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.
Answers: 1
Business, 23.06.2019 13:00, jimenagl
Regarding the flow of costs through the inventory accounts, which of the following statements is incorrect? a. the costs flow from raw materials inventory to work-in-process inventory to finished goods inventory. b. the format for computing the amount used, manufactured, or sold is the same for all three inventory accounts. c. the final amount at each stage is added at the beginning of the next stage. d. purchases of raw material and freight in are debited to the work-in-process inventory account.
Answers: 1
Suppose that two firms are producers of spring water, which can be obtained at zero cost. The margin...
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