Limited Partnership and general partnership
Answer:
$14.71
Explanation:
Each veggiburger costs $3.25, the salad costs $2.50, the fries cost $1.50 and each coffee costs $0.90.
Your total bill without taxes or tips = $6.50 + $2.50 + $1.50 + $1.80 = $12.30
If we add the 4% our total increases to = $12.30 x 1.04 = $12.79
Generally I tip on the taxes, so the total bill including taxes and tip = $12.79 x 1.15 = $14.71
Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
Answer: $125,000
Explanation:
If the above transaction in the question has commercial substance, the recorded value of the new truck will be the trade in allowance of $12,000 on the old truck in addition to the $113,000 that was paid to get the new truck.
Mathematically expressed, this will be:
= $113,000 + $12,000
= $125,000
Answer:
Rational Consumer Jim will consume at utility maximising Consumer Equilibrium product combination : 4 Units of Nuts , 8 Units of Apples .
Explanation:
Consumer is at equilibrium where : Budget Line is tangent to Indifference Curve & hence their slopes are equal i.e MRS (NA) = P(N) / P(A)
As per qstn given details : A / N = 10 / 5 implying A/N = 2 i.e A = 2N
Putting this in Budget Constraint: Price of goods x Quantity of goods = Income
[P(A) x Q(A)] + [P(N) x Q(N)] = Y
10A + 5N = 100
10 (2N) + 5N = 100 <em> [</em>S<em>ince A = 2N] </em>
<em>20N + 5N = 100 </em>
<em>25N = 100 </em>
<em>N = 4 ; A = 8 [Since A = 2N] </em>