Business, 06.07.2021 18:40 challenggirl

Terminus sells fencing in a perfectly competitive market. Below are its short-run total variable costs at different output levels. The firm's fixed cost is $20. The fencing sells at $12 per unit. Units Total Variable Cost
0 $0
1 $10
2 $18
3 $26
4 $36
5 $50
6 $70
a. What is the average total cost of the 6th unit of fencing?
b. What is the first unit of output where diminishing marginal returns have begun?
c. What economic profit or loss would Terminus earn at its profit maximum? Show your work.
d. Would Terminus operate in the short run? Explain.
e. Would Terminus stay in the market in the long run? Explain.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands

Answers: 1

Answer

Business, 22.06.2019 06:00

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Answers: 1

Answer

Business, 22.06.2019 13:40

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Answers: 1

Answer

Business, 22.06.2019 19:00

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

Answers: 1

Answer

You know the right answer?

Terminus sells fencing in a perfectly competitive market. Below are its short-run total variable cos...

Questions