Explain the result that more paint the company sold

Assignment Help Macroeconomics

Reference no: EM13218698

"The Smiths had assumed that large volume would bring profits through lowering unit costs." according to one company report, "The more paint and varnish we sold, the more money we lost." Draw an average cost curve showing the relationship between paint output and average cost as Smith expected it to be. Also draw another average cost curve that explains the result that more paint the company sold, the more money it lost.

Reference no: EM13218698

Questions Cloud

Explain the unreacted naoh in the reaction mixture : A 0.484g sample of impure NH4Br is treated with 25.00ml of 0.2050 M NaOH and heated to drive off the NH3. The unreacted NaOH in the reaction mixture after heating required 9.95mL of 0.0525 M H2C2O4 to neutralize.

Why the pizza will be sold for a lower cost : In the law of supply, I understand to produce more (Lola's Pizza) it will cost more (equipment, labor, depreciation value, etc.) but is there a point that is plateaus that at a certain volume, the pizza will be sold for a lower cost and cost less ..

Explain the balanced equation of the complete combustion : Butane C4H10 is a component of natural gas that is used as fuel for cigarette lighters. The balanced equation of the complete combustion of butane is

Explain how many air molecules atmospheric pressure : How many air molecules are in a 11.5 * 12 * 10 room? Assume atmospheric pressure of 1.00 atm a room temperature of 20.0 Celsius and ideal behavior.

Explain the result that more paint the company sold : "The Smiths had assumed that large volume would bring profits through lowering unit costs." according to one company report, "The more paint and varnish we sold, the more money we lost." Draw an average cost curve showing the relationship between ..

Determine the barretts enterprise value : A major pension fund is interested in purchasing Barrett's stock. The pension fund manager has estimated Barrett's free cash flows for the next four years as follows: $3 million, $6 million, $10 million, and $15 million.

Explain what is the density of the plastic : The volume of sea water displaced by the plastic block is 2.37 cm3. Assuming the density of the sea water is 1.025 g/mL, what is the density of the plastic?

Compute and identify all meaningful risk premiums : The real risk-free rate of return has been estimated to be 2 percent under current economic conditions. The 30-day risk-free rate (annualized) is 5 percent. Twenty-year U.S. government bonds currently yield 8 percent.

Compute the ph for auto-ionization of water : Calculate the pH for 5 x 10-10 M HClO4. Please show work. The answer should come out to pH7 when auto-ionization of water is factored

User Account

All Pages