Garcia company is a perfectly competitive firm. the market price of its output is $10. the firm is currently producing 100 units of output. at this level of output, the firm’s average total cost is $8 per unit, its average variable cost is $6 per unit, and its marginal cost is $10 per unit. what is the firm’s profit?
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Answer: $200.
Any firm (regardless of market structure) will maximize profit by producing and selling the quantity at which marginal revenue is equal to marginal cost.In the special case of a perfectly competitive firm,marginal revenue is equal to price.
Related Questions
What is the correct answer?
Whats 1+1 ita just to hard im trying but i can't figure it out
The number of tickets sold to a charity basketball games is a function of the price charged with rule n=4,000-50p
Solve 1/2n + 3 < 5 ??
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Answer:
6 is the y-intercept of y = -2x + 6
Step-by-step explanation:
hope this helps :)
b) H = A + 2LW/2L + 2W
c) H = A - 2LW/4LW
d) H = A/2L + 2W - 2LW
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Answer:
I'd say 100 m
Step-by-step explanation:
If 1 inch = 50 miles, all you really have to do is measure the line by inches. When I measure it in full-screen, it's about 2 inches.
Also, if you're not sure, that line is too long to be just and inch.
*The length of your tip to your knuckle on your thumb is about an inch.
HOPE THIS HELPS!!!
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5.3
It is a rational number because 5.3 can be made into a fraction or ratio.
hope it helps!
A. 19
B. 20
C. 21
D.22
E. 23
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Final answer:
To solve the inequality, subtract 13 from both sides and divide by -2/3 to isolate x.
The solution set consists of x values less than or equal to 21.
The values that apply are 19, 20, and 21.
Explanation:
To solve the inequality, we need to isolate x.
First, subtract 13 from both sides of the inequality: -2/3x ≥ -14.
Next, divide both sides of the inequality by -2/3.
Remember that when dividing by a negative, the inequality sign flips: x ≤ -14 ÷ (-2/3).
The negative sign in front of the fraction can be moved to the numerator to simplify the division: x ≤ (-14) × (3/(-2)). Multiply the numbers: x ≤ 21.
Therefore, the solution set of the inequality is x values less than or equal to 21.
The values in the solution set are 19, 20, and 21.
So, the correct options are A, B, and C.
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Final answer:
With 4 drops of red and 5 drops of blue used for every 5 gallons of paint, this forms a 9:5 ratio.
With 45 drops, which is 5 times 9, the there would be enough color for 25 gallons of paint.
Explanation:
A ratio states the relative sizes of two or more values. In this case, it is said that for each 5 gallons of paint, there are 4 drops of red and 5 drops of blue, making a total of 9 drops of color for every 5 gallons of paint.
To figure out how many gallons of paint are being colored with 45 drops, you would find out how many 'sets' of 9 drops are in 45, which is 5.
So, there are enough drops to color 25 gallons of paint (5 sets times 5 gallons per set).
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