Melet Plastics Inc. of Winnipeg is a plastic maufacturer that is producing 25 units of output....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Melet Plastics Inc. of Winnipeg is a plastic maufacturer that is producing 25 units of output. If Melet Plastics is selling this output in a perfectly competitive market at $6 per unit. On the assumption its TFC are $40 and its AVC is $4 at 25 units of output. Melet Plastics Inc. Multiple Choice O O should close down in the short run. is maximizing its profits. is realizing an economic profit of $50. is realizing an economic Profit of $10 Melet Plastics Inc. of Winnipeg is a plastic maufacturer that is producing 25 units of output. If Melet Plastics is selling this output in a perfectly competitive market at $6 per unit. On the assumption its TFC are $40 and its AVC is $4 at 25 units of output. Melet Plastics Inc. Multiple Choice O O should close down in the short run. is maximizing its profits. is realizing an economic profit of $50. is realizing an economic Profit of $10
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below To determine the best course of action ... View the full answer
Related Book For
Posted Date:
Students also viewed these marketing questions
-
a. Construct the market demand schedule. b. What is the maximum price that each traveler, Ann, Beth, and Cy, is willing to pay to travel 20 miles? Why? The table gives the demand schedules for train...
-
a. What is each travelers consumer surplus when the price is $4 a mile? b. What is the market consumer surplus when the price is $4 a mile? The table gives the demand schedules for train travel for...
-
Albert has to clean his room on one of the the next 4 days. Cleaning on Day 1 has a utility cost of 18, cleaning on Day 2 has a utility cost of 30, cleaning on Day 3 has a utility cost of 48, and...
-
Start your VM and open a terminal window (note: you may always open more than one terminal window if desired). For this laboratory exam, we will be using the network topology shown in Figure 1....
-
For each of the following scenarios, indicate which of the four basic tax planning variables (entity, character, time period, jurisdiction) impacts after-tax value. Note that more than one variable...
-
Express each of the following in the form a - p(x + q) 2 . a. 9 - 6x - 2x 2 b. 1 - 4x - 2x 2 c. 7 + 8x - 2x 2 d. 2 + 5x - 3x 2
-
Suppose \(\mathbf{x} \sim M N(n, \boldsymbol{\pi})\) follows a multinomial distribution of size \(n\) and probability \(\pi\). Derive the variance matrix of \(\mathbf{x}\).
-
Answer each of the questions in the following unrelated situations. (a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $500,000,...
-
Which statement about the acquisition of Rohm and Hass by Dow is correct? Group of answer choices The Revlon Standard implied that Rohm could not consider the welfare of its employees in the...
-
The most likely outcomes for a particular project are estimated as follows: Unit price Variable cost Fixed cost Expected sales $ $ NPV in the "best case" scenario 47 20 $320,000 30,300 units per year...
-
10. On October 7, 2010, ENRNewYork of McGraw-Hill reported: "New Jersey Governor Chris Christie today killed the $8.7 billion Trans-Hudson River passenger rail tunnel project that was expected to...
-
The costs of equity are 17% for Lindner and 15% for Allen. Lindner plans to offer $5.00 cash and 1.5 shares of its own stock for each share of Allen a. Assume no synergy. What are the gains (losses)...
-
The Detroit Company which makes wooden chicken coops, is creating their Direct Materials Budget for the upcoming year. Detroit estimated the following: Units of Production Needed for next year is...
-
PPO stock has a beta of 0.97 and an expected return of 11.22 percent. The risk-free rate of return is 2.48 percent. What is the expected return on the market?
-
With the sieve of Eratosthenes being used to find and count prime numbers. Describe how sieve methods are used in number theory. What kind of results have been established using such methods?
-
How many shares would you need to hold in a portfolio to have annual volatility of no more than 22%, assuming that volatility of all stocks is 30%, that covariance between the stocks is 4%, that...
-
The Taylor's series expansion for cosx about x = 0 is given by: where x is in radians. Write a user-defined function that determines cosx using Taylor's series expansion. For function name and...
-
Wayne Windows, Inc. is a leading producer of vinyl replacement windows. The companys growth strategy focuses on developing domestic markets in large metropolitan areas. The company operates a single...
-
Lancaster Orthopedics specializes in hip, knee, and shoulder replacement surgery. In addition to the actual surgery, the company provides its patients with preoperative and postoperative inpatient...
-
Grimes Grocery operates a chain of convenience stores in the Northwest. As a result of a recent consultants visit, the company is in the beginning stages of implementing an activity-based costing...
-
A newspaper recently lowered its price from $5.00 to $3.00. As it did, the number of newspapers sold increased from 240,000 to 280,000. a. What was the newspapers elasticity of demand? b. Given that...
-
Suppose average movie ticket prices are $8.50 and attendance is 1.2 billion. The price of tickets rises to $9.50 and attendance rises to 1.4 billion. a. What happened to total revenue? b. If you were...
-
Which of the following producers would you expect to support a tax on beer? Which would not? Explain your answer. a. Producers of hard liquor. Cross-price elasticity with beer: 0.11. b. Producers of...
Study smarter with the SolutionInn App