Purely competitive firm finds that the market price

Assignment Help Business Economics

Reference no: EM13886874

A purely competitive firm finds that the market price for its products is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units.

Reference no: EM13886874

Questions Cloud

Risk premium over the default-free bond yield : Municipal bonds might pay a risk premium over the default-free bond yield because

At the current price level-producers supply : At the current price level, producers supply $375 billion of final goods and services while consumers purchase $355 billion of final goods and services. The price level is: A) above equilibrium B) At equilibrium C) Below Equilibrium D) More informati..

Equation developed in supplementary problem : Using the equation developed in Supplementary Problem, determine if a 10-cm-long, 1-mm-diameter steel needle will ?oat in 20-C water. rsteel ¼ 7850 kg=m3.

What is cost basis of gocart track for depreciation purposes : You pay $500,000 for a house and the land that it is on. The land is valued at $195,000 and the house is valued at $305,000. You decide to demolish the house ($20,000 demolition cost) and build a go-cart track at a cost of $750,000. What is the cost ..

Purely competitive firm finds that the market price : A purely competitive firm finds that the market price for its products is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units.

Source of income other than your wage earnings : Suppose there are two commodities, food, c, and work, L. Food is a "good" and work is a "bad".The prevailing prices of c and L are, Pc= $1/unit and w = -$10/hr. (the price of consuming another unit of L is -$10/hr) Suppose you can work no more than 2..

How each of the nine procedures could be used in the audit : Describe how each of the nine procedures could be used in the audit of inventory and identify the related assertion(s) the procedure is designed to test.

Define the state of the system as the number of points : In American football, touchdowns are worth 6 points.

An investment has beta-what is the required return : An investment has a beta of 1.0. The risk free rate is 2% and current market return is 8%? What is the required return?

User Account

All Pages