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MArishka [77]
2 years ago
3

Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they

are willing to sell for: Firm A $6, Firm B $7, Firm C $10, and Firm D $12. If the market price is $11, then the total producer surplus is _________.A) $10. B) $11. C) $33.D) $9.
Business
1 answer:
motikmotik2 years ago
3 0

Answer:

A) $10

Explanation:

Producer surplus is the difference between the least amount sellers are willing to sell their product and the price of the product.

Producer surplus for firm A = $11 -$6 = $5

Producer surplus for firm B = $11 - $7 = $4

Producer surplus for firm C = $11 - $10 = $1

Firm D does not make a producer surplus because the producers minimum price is greater than the market price

Total producer surplus = $5 + $4 + $1 = $10

I hope my answer helps you

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Suppose a competitive firm has​ cost, C​ = ​(0.002q3​) ​+ (22q)​ + 750, marginal​ cost, MC​ = 0.006q2​ + 22, and​ revenue, R​ =
aniked [119]

Answer:

 Options B and C are correct.

  • Marginal profit is negative.
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Explanation:

At q = 150

R = 80q = 80(150) = 12,000

C = 0.002(150)3 + 22(150) + 750 = 6750 + 3300 + 750 = 10,800

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MR = 80

MC = 0.006(150 x 150) + 22 = 135 + 22 = 157

MC > MR so B is correct.

Profit = TR - TC = 80(150) - 0.002(150)3 - 22(150) - 750 = 12000 - 10800 = 1200

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Marginal profit = MR - MC = 80 - 157 = - 77

MR is Negative

3 0
2 years ago
Select the correct answer.
Maslowich

Answer:

a it could be sea but I'm pretty sure it's a but I don't take business so you might not want to trust me

7 0
2 years ago
Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been
Ira Lisetskai [31]

Answer:

The correct answers are lettera "A", "B" and "D": Be sure that Lance and Ayden know how to connect to Lindsay’s desktop; Frequently ask Lance and Ayden if what she is saying makes sense; Expect to review meeting content due to the limitations of virtual technology.

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Thanks to technology, training can be given through online platforms that connect individuals even if they are in different parts of the world. Just like in Linday's case. For her training to be successful, <em>Lance and Ayden must interact with Lindsay so she must make sure both of them are connected properly to her desktop.  </em>

<em>After trying the features of the update, Lindsay must make sure both of them are learning and understand what they are doing so asking them if the information provided make sense can help for such a purpose. At the end of the session, Linday has to summarize the content review during the meeting so Lance and Ayden quickly verify what they learned.</em>

7 0
2 years ago
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JulsSmile [24]

Answer:

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Explanation:

given data

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solution

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current price of the stock P =  \frac{D1}{r-g}     ..................1

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current price of the stock P =  \frac{3.25}{0.11 - 0.051}

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7 0
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On December 31, the company estimates future sales refunds to be $900. As of that date, the company has an unadjusted debit bala
Deffense [45]

Answer:

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Being increase sales refund estimate

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The necessary entries required for the sales refund payable is shown below:

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Cr Sales refund payable                             $600

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When the refund is eventually settled with cash, a debit is posted to sales refund payable and a credit to cash account

7 0
2 years ago
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