WebJan 15, 2024 · Bob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for $30,000 per month and rents a machine for $20,000 a month. Those are his fixed costs. His variable cost per month is given in the accompanying table. , Quantity of Blu-rays VC 1 000 2 000 3 … WebBob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for $60 per month and …
Answered: Bob produces Blu-ray movies for sale,… bartleby
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Answered: a. The average variable cost (AVC) for… bartleby
WebBob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for $30,000 per month and rents a machine for $20,000 a month. Those are his fixed costs. His variable cost per month is given in the accompanying table. Suppose the price of a DV Blu-ray is $2. WebDec 6, 2024 · Bob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for … $30,000 per month and rents a machine for $20,000 a month. Those are his fixed costs. His variable cost per month is given in the accompanying table.b)There is free entry into the industry ... WebMar 13, 2024 · Bob's profit at the current price of $25 is $45,000 when he produces and sells 5,000 Blu-ray movies per month. This is not a long-run equilibrium because there is still profit to be made in the industry, so new firms will enter and increase the supply of Blu-ray movies, causing the price to decrease. dave harman facebook