Assume the market for frozen yogurts is perfectly competitive, where all firms producing frozen yogurts are identical. The market supply and demand curves for frozen yogurts are given as follows: Supply curve: P=2Q ' Demand curve: P≐120−10Q The short run marginal cost curve for a typical frozen yogurt firm is: MC=20q Calculate the following: a) Equilibrium market price for frozen yogurts: b) For one frozen yogurt firm, compute the short run equilibrium level of output when the profit is maximized: (2) c) Given profit maximizing output as above,a frozen yogurt firm is: d) Total number of frozen yogurt firms in this market: e) Producer surplus of one frozen yogurt firm:
Answers
a. The equilibrium market price for frozen yogurts is $20.
b. The short-run equilibrium level of output when the profit is maximized for a typical frozen yogurt firm is 1 unit.
c. Frozen yogurt firm is earning positive economic profit since price ($20) is greater than average variable cost.
d. There are 20 frozen yogurt firms in this market.
e. The producer surplus of one frozen yogurt firm is $0.
a) To find the equilibrium price, we need to set the quantity demanded equal to the quantity supplied:
120 - 10Q = 2Q
12Q = 120
Q = 10
Substituting Q = 10 into either the supply or demand equation gives us the equilibrium price:
P = 2Q = 2(10) = $20
Therefore, the equilibrium market price for frozen yogurts is $20.
b) To find the short-run equilibrium level of output that maximizes profit for a typical frozen yogurt firm, we can use the following steps:
First, we need to find the total revenue (TR) and marginal revenue (MR):
TR = P x Q = $20 x q
MR = dTR/dq = $20
Next, we need to find the profit-maximizing level of output where marginal cost (MC) equals marginal revenue:
MC = MR
20q = 20
q = 1
Therefore, the short-run equilibrium level of output when the profit is maximized for a typical frozen yogurt firm is 1 unit.
c) Given profit-maximizing output as above, a frozen yogurt firm is earning positive economic profit since price ($20) is greater than average variable cost.
d) We can find the number of firms in the market by dividing the market supply by the output of a single firm:
Market supply = 2Q = 20
Output per firm = q = 1
Number of firms = Market supply / Output per firm = 20/1 = 20
Therefore, there are 20 frozen yogurt firms in this market.
e) To find the producer surplus of one frozen yogurt firm, we need to calculate the difference between total revenue and total variable cost (TVC):
TR = P x q = $20 x 1 = $20
TVC = MC x q = $20 x 1 = $20
Producer surplus = TR - TVC = $20 - $20 = $0
Therefore, the producer surplus of one frozen yogurt firm is $0.
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Related Questions
On november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. How much should be expensed for the month of november?.
Answers
If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000
Expensed amount for the month of November2 years = 24 months
Now let find or determine the amount that should be expensed for the month of November using this formula
Expensed amount= ( 1/24 months ×Rent amount paid)
Where:
Rent amount paid = $24,000
Let plug in the formula
Expensed amount = 1/24× $24, 000
Expensed amount=$1,000
Based on the above calculation we can conclude that the expense amount for the month of November is $1,000.
Therefore If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000 ,
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A loss is when
A. Revenue is greater then expenses
B. Revenue is less than expenses
C. Revenue is equal to expenses
D. None of them
Answers
The answer is B revenue is less than expenses
What is FDIC compliance?
Answers
FDIC is an agency that keeps a check on the financial institutions of the country in order to ensure the safety and security of the consumers. It ensures the fair exchange of finances.
FDIC stands for Federal Deposit Insurance Corporation. It is an independent agency. The FDIC compliance includes the basic rules and etiquettes for the transactions and responsibilities of the authorities.
Finances are the money spent by a person, business, company, or any organization in order to pay for something. Finance is simply the give and take process that includes money. However the term also includes the proper planning and measures of how the money could be spent efficiently.
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Which of the following scenarios describes an error in netiquette? (5 points)
Ahmed keeps his email and text exchanges with his coworkers professional, even though he likes to use off color humor at times with friends.
Jamie writes an email to his colleagues and before sending takes an extra fifteen minutes to carefully proof spelling and grammar.
Marina allows herself to be more honest and straightforward in her written correspondence than she would in her face-to-face interactions.
Shonda receives an email from a colleague complaining about one of their coworkers and deletes it promptly without sharing it with others.
Answers
The scenarios that describes an error in netiquette is option D. Shonda receives an e.mail from a colleague complaining about one of their co- workers and deletes it promptly without sharing it with others. Netiquette is a set of informal rules for good behavior and politeness followed by users of online such as the Internet, email.
Netiquette is gotten from the word "etiquette," which means the general rules or conventions of correct and polite behaviour in social settings and situations. It is therefore the act of exercising polite and considerate behaviour in online contexts, such as Internet discussion boards and personal email.
What is politeness?Politeness is the practical application of good manners or etiquette so as not to offend others. Politeness is a culturally defined phenomenon, and therefore what is considered polite in one culture can sometimes be quite rude or simply eccentric in another cultural context.
Therefore, the correct answer is as given above
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when a factory closes, why is it bad news for the local restaurants?
Answers
When a factory closes, it can lead to a decrease in the number of people employed in the area, which can result in lower income levels for the local community.
This can have a ripple effect on businesses, including local restaurants. With fewer people earning money, they may be less likely to dine out, resulting in a decline in customers for the restaurants. Additionally, if the factory was a major employer in the area, it may have drawn people from other towns or cities to work there. With the closure of the factory, these people may no longer frequent the local restaurants, further impacting their business. Overall, the closure of a factory can have a negative impact on the local economy, and local restaurants are just one of many businesses that may be affected.
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Percentage paid to a lender for the use of borrowed money, or the percentage earned on invested principal.
Answers
The amount that lenders demand from borrowers in the form of interest is expressed as a percentage of the principal. It also includes any bank account earnings.
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organisation makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest. Interest is frequently linked to credit cards, mortgages, auto loans, personal loans, savings accounts, or fines. The macroeconomic policies set by the Federal Reserve's Federal funds rate heavily influence interest rates.
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what is the significance of artifacts in organizational culture?
Answers
Artifacts in organizational culture are significant because they represent visible and tangible elements such as symbols, language, physical spaces, and rituals that reflect the underlying values, beliefs, and norms of the organization, influencing employee behavior and shaping the organizational identity.
Artifacts serve as powerful communication tools, providing cues and meaning to employees and external stakeholders about what is important and valued within the organization. They help create a sense of shared identity and purpose, fostering a cohesive culture and guiding employee behavior. Artifacts also act as a social glue, reinforcing cultural norms and facilitating socialization processes within the organization.
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“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?
Answers
Answer:
Sole proprietorship
The sole proprietor(not creditors but creditor) bears all losses
Explanation:
Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.
The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.
please show work. i upvote!
In an engine, a piston oscillates with simple harmonic motion so that its position varies according to the expression x = 7.7 cos (12.7 t +-2.8) where x is in centimeters and t is in seconds. What is
Answers
We may compare the supplied expression with the accepted equation of simple harmonic motion to get the angular frequency and phase constant of the motion:
x = A cos(t plus )
The following values can be found in the formula x = 7.7 cos(12.7t 2.8), as given:
Intensity (A) = 7.7 cm
Angle frequency is equal to 12.7 rad/s.
Phase factor () = 2.8
The phase constant () denotes the beginning phase or displacement of the motion, while the angular frequency () denotes the speed at which the piston oscillates.
The piston oscillates in a positive direction because the angular frequency () is positive (12.7). Two possible values for the phase constant () correspond to two different beginning displacements: +2.8 and -2.8.
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What source of information is most useful for telling you whether a company
is worth investing in?
A. A customer review of one the company's products
B. A press release about the company's Day of Caring
C. The company's prospectus
D. An article about the CEO's commitment to success
Answers
Answer: D. The compant prospectus
Explanation:
took quiz
Which of these steps is considered the most important when researching and promoting an event?
a) Selecting the best media to reach your target audience
b) Developing your message
c) Defining and analyzing your target audience
d) Establishing your desired end result
Answers
The best step to research and promote an even is by Defining and analyzing your target audience.
What is Research?Research refers to some findings or investigations that help to create or portray new knowledge by using formal nowledge in another way so as to develop new concepts, methodologies and understandings. This can include analysis of former researches, thesis and so on.
Therefore, The best step to research and promote an even is by Defining and analyzing your target audience.
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which of the following is a person who authorized an agent to act on his or her behalf
Answers
Answer:
Principal
Explanation:
A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal).
make a list of your resources
Answers
Answer:
water, air, wood, fire. is that what ur looking for
Explanation:
Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. Which of the following statements is true? Alpha should export to Beta, but Beta should not export to Alpha. Since Alpha has an absolute advantage in both goods, no mutual gains from trade are possible. If Alpha specializes in growing oranges and Beta specializes in growing apples, they could both gain by specialization and trade. If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.
Answers
Answer:
If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country should specialise in the production of goods for which it has a comparative advantage
Alpha
Opportunity cost in producing oranges = 9/18 = 0.5 apples
Opportunity cost in producing applies = 18/9 = 2 oranges
Beta
Opportunity cost in producing oranges = 4 / 16 = 0.25
Opportunity cost in producing applies = 16/4 = 4 oranges
Alpha has an opportunity cost in the production of apples while beta has a comparative advantage in the production of oranges
Alpha should specialise in the production of apples
Beta should specialise in the production of oranges
Darcy signed an exclusive right-to-sell agreement with licensee Shane, which gives Shane authority to ______. An exclusive right-to-sell agreement gives the agent the authority to
Answers
Darcy signed an exclusive right-to-sell agreement with licensee Shane, which gives Shane the authority to market and sell Darcy's property. An exclusive right-to-sell agreement gives the agent the authority to act on the property owner's behalf in negotiating and finalizing the sale of the property.
A real estate agent and property owner may enter into a sort of contract known as a "right-to-sell agreement" that grants the agent the only authority to sell the property for a predetermined amount of time. This means that during the duration of the contract, neither the owner nor any other agents may sell the property. A typical kind of listing agreement used in real estate transactions is a right-to-sell agreement. Given that they are assured of receiving a fee if the property sells, regardless of who eventually finds the buyer, it provides the agent with a strong incentive to devote time and resources to marketing the property and locating a buyer.
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...a company generated sales of 2,000,000 and interest expense of 40,000. it has operating profit margin..
Answers
We cannot determine the operating profit margin or net profit margin with the information provided.
Given information:
Sales = 2,000,000, Interest expense = 40,000Operating profit margin = Operating income ÷ SalesThe operating income can be calculated by subtracting the cost of goods sold (COGS) and operating expenses from the total sales revenue.
We do not have information about the COGS and operating expenses. Therefore, we cannot calculate the operating profit margin without this information. However, we can calculate the net profit margin, which is calculated by dividing the net profit by sales.
Net profit = Operating income - Interest expenseThe net profit margin can be calculated as follows:
Net profit margin = Net profit ÷ SalesNet profit = Operating income - Interest expense = (Sales - COGS - Operating expenses) - Interest expenseNet profit margin = (Sales - COGS - Operating expenses - Interest expense) ÷ Sales
We do not have information about the COGS and operating expenses, so we cannot calculate the net profit margin either. Therefore, the long answer is that we cannot determine the operating profit margin or net profit margin with the information provided.
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What is a likely trend for social media in the future?
You may see smaller groups forming.
You may see more diverse groups forming.
You may see larger groups forming.
You may see less specific groups forming.
Answers
Answer:
I would go with either A or B.
Explanation:
Not all social media trends start in large groups. Some can start by 1 person.
Answer:
I will go with the second one because the world is becoming more excepting of other groups besides their own
Explanation: can I get brainliest i have never got it
Find the criteria that a manager can use to evaluate CRM information system to help decide for the appropriate CRM package
Answers
A customer relationship management (CRM) information system is used by organizations to store and analyze customer data. The system enables businesses to improve customer satisfaction and loyalty by improving customer interactions. However, choosing the appropriate CRM software can be a complex process.
The following are the criteria that a manager can use to evaluate a CRM information system to help determine the appropriate CRM package:Features: One of the first things a manager should consider when choosing a CRM package is the features it offers. Managers should ensure that the software has the necessary features to meet the organization's customer relationship management goals and objectives. A manager should also evaluate the system's features to determine if they are useful, user-friendly, and customizable.
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Eli gets payed $9-11.90 dollars per hour. He works 7 and 3/4 hours Monday through Friday. What would his total pay be for the week at the bottom of the pay scale
Answers
Based on the fact that Eli gets paid between $9 and $11.90, and the number of hours that he worked, his total pay for the week at the bottom of the pay scale would be $69.75
What is Eli's pay for the week?Because the bottom of the pay scale is being used, this means that Eli's wage rate for the week will be $9 per hour as opposed to $11.90 per hour which is the top of the pay scale.
The total number of hours in decimals that Eli worked was:
= 7³/₄
= 7.75 hours
Eli's pay for the week from Monday through to Friday is:
= Number of hours worked x Wage rate per hour
= 7.75 x 9 per hour
= $69.75
In conclusion, Eli's total pay for the week at the bottom of the pay scale is $69.75.
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which 2 features in quickbooks online can help a professional services company track profitability by client?
Answers
Which has the rate of on-the-job injuries in increasing order?
state and federal prisons, county jails
county jails, state and federal prisons
state prisons, county jails, federal prisons
federal prisons, county jails, state prisons
Answers
Answer:
the correct answer is "A"!!!!
Explanation:
"state and federal prisons, county jails" is the correct answer because...
The rate of on-the-job injuries is increasing order is state and federal prisons, and county jails. Thus the correct option is A.
What are on-the-job injuries?When any injury or accident took place with an individual when they are working at the workplace. this is called a job injury. The organization is responsible for the treatment of On the job injury.
Federal prisons are the most dangerous workplaces, and as a result, they have a greater percentage of on-the-job injuries than state prisons, county jails, or even county jails alone.
Workers in the federal corrections system run the danger of getting hurt or ill, which could lead to their needing a federal disability retirement due to high medical treatment.
Therefore, option A is appropriate.
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describe the four product-mix dimensions.
Answers
The four product-mix dimensions are width, length, depth, and consistency.
The product width refers to the number of different product lines a company offers, such as a range of clothing, accessories, and footwear. The product length is the total number of items in a product line, indicating the variety within a specific line. For example, a clothing line might have shirts, pants, and jackets in various styles and colors.
Product depth pertains to the number of variations for each product within the line, such as offering different sizes, colors, or materials for a particular product. This allows customers to find the exact product that meets their preferences and needs. Lastly, product consistency refers to the degree of similarity between product lines in terms of usage, production, and distribution.
Consistency helps companies manage their brand image and streamline their operations, making it easier to maintain quality and customer expectations. By understanding these four product-mix dimensions, companies can better plan and manage their product offerings to meet customer needs and preferences.
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Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-
Answers
a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.
b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.
c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.
d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.
e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.
f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.
g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.
\( \: \)
Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.
Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.Learn more about Risk management in business here:https://brainly.com/question/33515955
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Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Answers
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a method that aids in the creation of short-term and distinct plans that aid in the fulfillment of a business's, organization's, or individual's long-term plans. Strategic planning assists businesses in determining and laying out a long-term plan based on corporate objectives.There are several components to tactical planning. For example, breaking down organizational goals that are longer than two or three years, and establishing a goal-oriented calendar with short-term targets, such as a target for the next three months or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.
what is a good online website for a highschool student to do 40 hours volunteering?
Answers
there are many websites to volunteer
I've found some websites from the given list
1. United Nation Volunteers
2. Catchafire
3. Smithsonian Digital Volunteers
4. Amnesty Decoders
5. Translators Without Borders
6. Crisis Text line
7. Zooniverse
8. Project Gutenberg
9. Dosomething.org
PLEASE HELP QUICKLY: (FIRST PERSON GETS BRAINLIEST)
Adalaide is considering switching cell phone plans. Though the new plan is slightly more each month, she’ll be able to get a new phone sooner. When making this financial decision, what should Adalaide keep in mind?
A. Only major financial commitments will affect your overall financial status.
B. Any small financial commitments will make no effect on your financial standing.
C. Both small and large financial decisions can influence your financial health.
Answers
Explanation:
Though the new plan is slightly more each month, she'll be able to get a new phone sooner. When making this financial decision, what should Adalaide keep in mind? Only major financial commitments will affect your overall financial status. Any small financial commitments will make no effect on your financial standing.
When making this financial decision Only major financial commitments will affect your overall financial status should Adalaide keep in mind. Thus, option A is correct.
What is a financial status?Financial status can be defined as the statement with States the income as well as expenses of a particular person's first stop clearly defined that the fund is being used for all updates. This gives the financial position of the individual or a company.
In this, as an Adalaide switched cell phone plant there is only a slide difference in the monthly plan but this will not affect in a very big or significant way the financial status of the financial structure for her overall new phone decision. As she can adjust us light expenses in other things or grocery.
Therefore, option A is the correct option.
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on september 1, ziegler corporation had 55,000 shares of $5 par value common stock, and $165,000 of retained earnings. on that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. the general journal entry to record this transaction is:
Answers
The general journal entry to record this transaction is None. No transactions will be recorded.
74,000 common shares at $5 a piece stock
profits kept of $222,000
Corporation had 55,000 shares of $5 par value common stock, and $165,000 of retained earnings.
A company splits its shares two for one.
This transaction's general journal entry will be NONE. For this transaction, there is no journal entry. The 2-for-1 stock split will only be noted in a memo item.
No entry is made because the overall dollar amount stays the same.
A memorandum entry is a brief statement that is both entered into the general journal and a general ledger account. There is no debit or credit amount.
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what are the disadvantage of credit card
Answers
Answer: you don’t see your own money.
Explanation:
HELPPPP ASAP GIVING BRAINLESS IF THE ANSWERS ARE CORRECT.
Use these words to answer the questions:
raw material, social, decision making, economic, labour, unemployment, personalized
Answers
What does it mean to use diverse marketing strategies?
Answers
Answer:
Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.
Explanation: