subject
Business, 13.12.2019 22:31 queenpanda365

Dumphy and funke are rival tattoo artists in the small town of feline. there are no other tattoo artists in town. it costs $30 to produce a tweety bird tattoo. assume for simplicity that fixed costs are zero and that dumphy and funke perform identical work. for a while, there was too much demand for funke and dumphy to handle and they both charged $200 for a tatoo. but recently, demand has dropped significantly and there isn't enough work for both to fill their days at any price. however, there is some demand at all prices. what will be the equilabrium price that dumphy and funke will charge? what are the profits for dumphy and funke at the equilibrium price? what type of competition would funke and dumphy likely engage in after the decrease in demand?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:20
According to the u.s. census bureau (), the median household income in the united states was $23,618 in 1985, $34,076 in 1995, $46,326 in 2005, and $57,230 in 2015. in purchasing power terms, how did family income compare in each of those four years? you will need to know that the cpi (multiplied by 100, 1982–1984 = 100) was 107.6 in 1985, 152.4 in 1995, 195.3 in 2005, and 237.0 in 2015
Answers: 3
question
Business, 22.06.2019 05:30
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
question
Business, 22.06.2019 17:30
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
question
Business, 22.06.2019 23:40
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
You know the right answer?
Dumphy and funke are rival tattoo artists in the small town of feline. there are no other tattoo art...
Questions
question
Mathematics, 24.02.2021 23:10
question
Mathematics, 24.02.2021 23:10
question
Mathematics, 24.02.2021 23:10
question
Social Studies, 24.02.2021 23:10
question
Mathematics, 24.02.2021 23:10
question
Spanish, 24.02.2021 23:10
question
Chemistry, 24.02.2021 23:10
Questions on the website: 13722361