What is Pats shutdown point and what is Pats economic profit if it shuts down temporarily?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
The shutdown point is the price that equals minimum average variable c...View the full answer
Answered By
Akshay Singla
as a qualified engineering expert i am able to offer you my extensive knowledge with real solutions in regards to planning and practices in this field. i am able to assist you from the beginning of your projects, quizzes, exams, reports, etc. i provide detailed and accurate solutions.
i have solved many difficult problems and their results are extremely good and satisfactory.
i am an expert who can provide assistance in task of all topics from basic level to advance research level. i am working as a part time lecturer at university level in renowned institute. i usually design the coursework in my specified topics. i have an experience of more than 5 years in research.
i have been awarded with the state awards in doing research in the fields of science and technology.
recently i have built the prototype of a plane which is carefully made after analyzing all the laws and principles involved in flying and its function.
1. bachelor of technology in mechanical engineering from indian institute of technology (iit)
2. award of excellence in completing course in autocad, engineering drawing, report writing, etc
4.70+
48+ Reviews
56+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the difference between a firm's shutdown point in the short run and in the long run? Why are firms willing to accept losses in the short run but not in the long run?
-
Pat's Pizza Kitchen is a price taker. It has the following hourly costs: a. If a pizza sells for $14, what is Pat's profit-maximizing output per hour? How much economic profit does Pat make? b. What...
-
Lucy's Lasagna is a price taker. It has the following hourly costs: (below) a. If a lasagna sells for $7.50/plate, what is Lucy's profit-maximizing output per hour? How much economic profit does she...
-
The friction at sleeve A can provide a maximum resisting moment of 125 N ? m about the x axis. Determine the largest magnitude of force F that can be applied to the bracket so that the bracket will...
-
Suppose x is a normally distributed random variable with mean 100 and standard deviation 8. Draw a rough graph of the distribution of x. Locate m and the interval 2 on the graph. Find the following...
-
There is a looming crisis in universities and colleges across North America. In most places enrollments are increasing requiring more instructors. However, there are not enough PhDs to fill the...
-
a. What objectives are met by a client representation letter b. What effect may a "rep" letter have on the auditor's examination and audit report?
-
a. Determine the total annual cost of each of the three possible financing strategies. b. Assuming that the firm expects its current assets to total $4 million throughout the year determine the...
-
Setup: You are in a car on a North-South roadway with no bends, no other cars, and no intersections. You can put the car in drive (Northbound direction) or reverse (Southbound direction), and you can...
-
Sally Saia operates Double S Riding Academy, Inc. The academys primary sources of revenue are riding fees and lesson fees, which are provided on a cash basis. Sally also boards horses for owners, who...
-
Calculate Pats profit-maximizing output and economic profit if the market price is Pats Pizza Kitchen is a price taker. Its costs are (i) $14 a pizza. (ii) $12 a pizza. (iii) $10 a pizza. Output...
-
The market for paper is perfectly competitive and there are 1,000 firms that produce paper. The first table sets out the market demand schedule for paper. Each producer of paper has the costs in the...
-
Explain why a mortgage-backed security becomes riskier when the values of the underlying houses decline. What, as a result, happens to the price of the mortgage-backed security?
-
Why is it important for strategic communication professionals to understand diverse stakeholder segments? Give an example of a brand that segments according to race.
-
Big corporations, like Apple, have a variety of stakeholders. Can you identify their active stakeholders and passive stakeholders? Who are their key influencers?
-
What is design-to-value?
-
What are media outlets associated with the term duopoly and why did they receive that identity?
-
What are the advantages and disadvantages of out-of-home advertising?
-
Evaluate. Express answers in both scientific notation and standard notation. 0.0009 X 12,000,000 400,000
-
A regular deposit of $100 is made at the beginning of each year for 20 years. Simple interest is calculated at i% per year for the 20 years. At the end of the 20-year period, the total interest in...
-
An increase in expected profit _______ the real interest rate and ________ the quantity of loanable funds. A. decreases; decreases B. increases; decreases C. decreases; increases D. increases;...
-
A government budget surplus _______. A. increases the supply of loanable funds B. raises the real interest rate C. decreases the demand for loanable funds and lowers the real interest rate D....
-
Crowding out occurs when ______. A. households budgets are in deficit and saving decreases B. the government budget is in surplus, so people have paid too much tax C. the government budget is in...
-
Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 40,500 games last year at a selling price of $69 per game. Fixed expenses associated with the game total $729,000...
-
CALCULATE THE INITIAL COSTS, CALCULATE THE OPERATING CASH FLOW, CALCULATE THE TERMINAL NON OPERATING CASH FLOW, CALCULATE THE NPV . Initial Equipment $ 6 5 , 0 0 0 Project Life 3 Years Sales$ 5 5 ,...
-
A description of how each of the two management styles selected distinctively create organizational cultures. Describe the strengths and weaknesses of the two styles. Explain how these differences...
Study smarter with the SolutionInn App