Business, 23.11.2021 14:40 niceguy1997

9. Suppose a perfectly competitive firm maximizes profit by selling their product for $20 per unit and producing 200 units The firm earns positive economic profit of $500 with a fixed cost of $100. Because of a clerical error, the firm's fixed
cost falls from $100 to $50.
(a) What is the firm's variable cost when producing 200 units?
(b) "This firm's profit maximizing quantity will be higher than 200 units if their fixed cost decreases from $100
to $50, ceteris paribus." True/False/Uncertain. EXPLAIN

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, AquaNerd5706

Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?

Answers: 1

continue

Business, 22.06.2019 05:30, mem8163

U. s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.

Answers: 1

continue

Business, 22.06.2019 11:30, laylay120

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.

Answers: 2

continue

Business, 22.06.2019 17:50, nuggetslices

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Answers: 2

continue

You know the right answer?

9. Suppose a perfectly competitive firm maximizes profit by selling their product for $20 per unit a...