Fire and Flower Holdings Corporation of Ottawa produce computer memory sticks. If the price of the memory sticks is $22 and its MC is $30, Multiple Choice mamory sticks are being produced with the least-cost combination of resources. Aphrodite Corporation should shut down. resources are being underallocated to memory sticks. resources are being overallocated to memory sticks. society will realize a net gain if more of memory sticks produced. < Prev 10 of 32 N>

Fire and Flower Holdings Corporation of Ottawa produce computer memory sticks. If the price of the memory sticks is $22 and its MC is $30, Multiple Choice mamory sticks are being produced with the least-cost combination of resources. Aphrodite Corporation should shut down. resources are being underallocated to memory sticks. resources are being overallocated to memory sticks. society will realize a net gain if more of memory sticks produced. < Prev 10 of 32 N>

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

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Sweaters sell for $19 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie's marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sel? Marginal Cost ($) Sweater 2nd Sweater 11 ard Sweater 15 th Sweater 21 sth Sweater 28 eth sweater 35 Allie will sell sweater(s).
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Marginal cost is given by the function :- 2Q2 - 130 And the equilibrium quantity is 10 so calculate the marginal cost.
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Q = 100 1 2 3 78°F Sunny 440 620 800 F2 Q = 200 F3 280 380 480 O Average Total Cost (Dollars per bike) Q = 300 Q = 400 240 240 320 F4 320 240 240 Suppose Ike's Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is $ F5 Q = 500 480 Suppose Ike's Bikes is expecting to produce 100 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using On the following graph, plot the three SRATC curves for Ike's Bikes from the previous table. Specifically, use the…
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Please help ASAP What is the firm's fixed cost? What is the profit-maximizing level of output? Given that half of the fixed cost is avoidable and the firm produces at the optimal level of output, what is the firm's avoidable cost? Should the firm shut down its production? yes or no