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olasank [31]
2 years ago
15

Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $5.00 per cup, and his average tot

al cost is $4.40, what are Bobby's economic profits for the day
Business
1 answer:
bulgar [2K]2 years ago
5 0

Answer:

$ 120.60

Explanation:

25 glasses * $ 5/ glass = 125 dollars gross income

income - expense = profit

125 - 4.40 = 120.60 profit

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Answer:

b) the method to reduce costs of producing automobile glass, but not the formula for the substance that prevents smudging.

Explanation:

As provided, the professor develops a way which shall reduce the cost of producing the automobile glass, which apparently is very easy for anyone to copy and use.

Whereas, when a company develops the formula which creates a substance that prevents the automobile glass from getting smudged is again a technological knowledge although not that common.

Since the first one is apparently easy and other is patented which means both are common else not so common idea will not need patent as people would not be able to create such formula.

8 0
3 years ago
. A business cycle is the a. period of time in which expansion and contraction of economic activity are equal. b. period of time
Mama L [17]

Answer:

c. recurring growth and decline in real GDP.

Explanation:

A business cycle is also called a economic cycle or trade cycle, and it is the fluctuation of GDP up and down along its long term growth trend. A business cycle consists of a period of boom and contraction in sequence.

It shows rise and fall in production of goods and services within a country including output from businesses, individuals, households, nonprofits, and government.

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3 0
3 years ago
Which of the following is something that is marketed?
fenix001 [56]
All of the above are marketed
5 0
3 years ago
At Medallion Industries, variable cost per unit is budgeted to be $8.00 and fixed cost per unit is budgeted to be $5.00 in a per
natka813 [3]

Answer:

Total cost= $60,800

Explanation:

Giving the following information:

For 4,000 units:

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Total fixed cost= 5*4,000= $20,000

<u>Now, we can determine the total cost for 5,100 units:</u>

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6 0
3 years ago
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