In an idealized (this should be "perfect" instead) market, the price, p, at which a commodity sells is equal for all producers. Explain why this means that the marginal (note: this should have not said “marginal.” That's my typo.) profit is maximized when C'(x) = p.

Q: What is the purpose of graphic analysis?

A: Graphical analysis refers to the data analysis done using graphical techniques in order to determine…

Q: I typed it in, it's wrong

A: Elasticity of demand is a concept used in economics to measure the responsiveness of the quantity…

Q: Make flow chart of type of budget?

A: budget is a estimate expense and income for certain period of time

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: In a business Finance/Budgeting situation, create a budget for month-long vacation trip to Australia…

A: The technique of controlling one's income and expenses in order to meet financial objectives is…

Q: describe fertilizer/ what it is used for, etc

A: Answer: Fertilizer:  a fertilizer is any natural or synthetic substance that is applied to soil or…

Q: Please help me create a research question on economic for someone pursuing economic to research.

A: Research question concise, clear and focused statement which research sates in order to investigate…

Q: What is the time value of money?

A: Time value of money (TVM) is a concept that emphasizes on the opportunity cost of money, and…

Q: how is the graph numbered? from what number to what number ?

A: The lowest production frontier is war-hit frontier. That reduces production of both sectors.The…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: How did you get 5.49 for AVC?

A: Introduction Total cost includes all implicit and explicit cost that comes during production. Total…

Q: writr Cost–volume symbols?

A: Cost volume is a kind of cost accounting useful for short run consequences and also for primitive…

Q: I cannot understand anything written on this paper, would you please be able to type it?

A: This graph is actually showing the relationship between real exchange rate and nominal exchange rate…

Q: How can we Evaluate a Single Project?

A: There are four methods to evaluate single project: The Present worth (PW) method The annual worth…

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…