subject
Business, 07.05.2020 07:59 anisabellanda

Suppose that Andy sells basketballs in the perfectly competitive basketball market. His output per day and his costs are as follows: Output Per Day Total Cost Variable Cost Average Total Cost Average Variable Cost Marginal Cost 0 $10.00 $0 -- -- -- 1 15.00 5 $15.00 $5.00 $5.00 2 17.50 7.50 8.75 3.75 2.50 3 22.50 12.50 7.50 4.17 5.00 4 30.00 20.00 7.50 5.00 7.50 5 40.00 30.00 8.00 6.00 10.00 6 52.50 42.50 8.75 7.08 12.50 7 67.50 57.50 9.64 8.21 15.00 8 85.00 75.00 10.63 9.38 17.50 9 105.00 95.00 11.67 10.56 20.00 Suppose the equilibrium price of basketballs is $2.50. In the short run, how many basketballs will Andy produce? nothing (enter a whole number). How much profit (or loss) will he make? $nothing per day (round your answer to the nearest penny, and express a loss as a negative number).

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 16:30
Who got instagram! ? if you do give it to me
Answers: 1
question
Business, 23.06.2019 07:30
Which of the following conditions might result in the best financial decisions? a. agreeableness b. openness c. conscientiousness d. extraversion
Answers: 1
question
Business, 23.06.2019 14:00
If china enforces the software procurement regulation, the most likely result is
Answers: 1
question
Business, 23.06.2019 19:40
Rashid, the ceo of top productions, was telling his new vice president of accounting that "in the past i had resistance to new ideas by people who felt that one of our plans threatens their influence or jobs. so when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency and that nobody is going to be laid off." selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of
Answers: 2
You know the right answer?
Suppose that Andy sells basketballs in the perfectly competitive basketball market. His output per d...
Questions
question
World Languages, 30.07.2019 21:00
Questions on the website: 13722361