"> (Answered) Assignment 2 - covers chapters 10, 11, & 17 Chapters 12 & 14 covered in Extra Credit. Make sure to show and explain your approach. No... - Tutorials Prime

## (Answered) Assignment 2 - covers chapters 10, 11, & 17 Chapters 12 & 14 covered in Extra Credit. Make sure to show and explain your approach. No...

Assignment 2 - covers chapters 10, 11, & 17 Chapters 12 & 14 covered in Extra Credit. Make sure to show and explain your approach. No...

Attached is my econ assignment. I need it done by 2pm tomorrow. It must show how answers are found! ThanksAssignment 2 â€“ covers chapters 10, 11, & 17 Chapters 12 & 14 covered in Extra Credit. Make sure to show and explain your approach. No credit will be given for answers that do not explain and jusTfy their approach. QuesTon 1. Dr. Millerâ€™s Random Company sells its output in a perfectly competitive market. The firm's total cost function is given in the following schedule: Output Total Cost (Units) (\$) 0 100 10 240 20 340 30 420 40 520 50 660 60 860 Total costs include a "normal" return on the time (labor services) and capital that the owner has invested in the firm. The prevailing market price is \$14 per unit. a. Compute the marginal cost curve. b. Compute the average total cost schedules for Dr. Millerâ€™s Random Company. c. Is the industry in long-run equilibrium? JusTfy your answer. QuesTon 2. Â±he elasTcity of sweaters for pet duck-billed platypus is -1.57 in the Canada. In Australia, the elasTcity of these sweaters is -3.64. However, Canadian sweaters have to be warmer, so the marginal cost is \$20, while itâ€™s only \$15 for the Australian sweaters. Calculate the proFt maximizing price in each market. QuesTon 3. The Potato Cannon manufactures and sells a line of potato-based self-defense home security systems. Demand per period (Q) for a particular model is given by the following relationship: Q = 500 ï€ ï€­ï€  .4P where P is price. Total costs (including a "normal" return to the owners) of producing Q units per period are: TC = 20,000 + 50Q + 3Q 2 (a) Express total profits ( ï° ) in terms of Q. (b) At what level of output are total profits maximized? What price will be charged? What are total profits at this output level? (c) What model of market pricing has been assumed in this problem? Justify your answer. /tutors-problems/Business/10717612 10717612 draw a punnet square showing a possible genotypes of offspring from two hybrid roan cows . the red roan has a red coat .the white roan has a white... draw a punnet square showing a possible genotypes of offspring from two hybrid roan cows . the red roan has a red coat .the white roan has a white coat . purebred roans are homozygous . the hybrid had mottled red and white coat. the symbol for the red roan is R; the symbol for white roan is r+. what is the genotypes for this cross?

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