Answer:
marginal revenue is -6
and production levels 200, 50
Explanation:
given data
R(x) = 10 x - 0.04 x²
solution
we have given
R(x) = 10 x - 0.04 x²
so here R'(x) is
R'(x) = 10(1) - 0.4 (2x)
R'(x) = 10 - 0.8 x ....................1
so here at x is 20 marginal revenue will be
R'(20) = 10 - 0.8(20)
R'(20) = 10 - 16
R'(20) = - 6
and
when revenue is $400
R(x) = 400
400 = 10 x - 0.04 x²
x= 200, 50
Answer: Option (A) is correct.
Explanation:
Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.
In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.
There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.
This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.
At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.
Answer:7.4%
Explanation: In December 2017, the CPI stood at 246.5 up from 229.6 in December 2012. This is a 7.4% increase [(246.5-229.6) /229.6] *100=7.4
Do you have to answer in Spanish?
This came from Microeconomics 4th Edition where it cited Jun Jie Wu an economist made his observations and published it in an agricultural magazine known as <em>Choices. </em>He described market failure and inefficient land allocation as both economic terms in an urban development that did not meet expected growth creating an unbalance situation between the consumers and producers.
Market failure is a used term to describe that the producer was not able to produce the right products or the customers aren't able to buy enough products that would make the business profitable or good for both. Inefficient land allocation can add up to reasons of having market failures when it makes the business release more expenses than profit.
