How can I convince a friend to invest in a good manner

Examine this supply and demand graph for a product. What does the red dot

pantera1 [17]

The product’s equilibrium price

Just simply because the price and quantity is the same

7 0

2 years ago

Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.

Diano4ka-milaya [45]

Answer:

(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units

(ii) The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down

(iii) The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)

Explanation:

(i)According to given data, When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.

(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.

(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).

4 0

3 years ago

Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream

Julli [10]

Answer:

d. Charities

Explanation:

Charity is one the ways of solving or dealing with externalities that affect a society, without the intervention of the government. This involves the effort of a charitable organization in raising enough money to do something useful for the society to mitigate such externalities affecting it.

As stated in the question above, we can see that the environmental organization is a charitable organization, who have taken it upon itself to advance the course of campaigning against far’s pollution. It is a nonprofit organization that raises money through donations, in order to help finance the campaign. Their main objectives focused on the well-being the local community.

5 0

2 years ago

The distribution of hourly sales for a local family owned store is normally distributed with a mean of $225 per hour and a stand

adell [148]

Answer:

The standard deviation of 75 dollars

Explanation:

Standard deviation, S.D.= 75 dollars; Mean, M= 225 dollars; Mean deviation, D= ?

S.D. = √ D² - M

∴ 75 = √ D² - 225

D² = 75² - 225 = 5625 + 225 = 5950

∴ D = √5950 = 24.4 dollars

From the above, it shows that, the standard deviation of 75 dollars contains the middle 95 percent of hourly sales.

6 0

3 years ago

Quadcopters plans to sell a standard quadcopter (toy drone) for $ 55 and a deluxe quadcopter for $ 85. Funtime purchases the st

Harman [31]

Answer:

For break-even, number of standard quadcopter sold should be 238

and, number of standard quadcopter sold should be 2 × 238 = 476

to earn $7,700, number of standard quadcopter sold should be 392

and, number of standard quadcopter sold should be 2 × 392 = 784

Explanation:

Given:

Selling cost of standard quadcopter = $55

Selling cost of deluxe quadcopter = $85

Purchasing cost of standard quadcopter = $45

Purchasing cost of deluxe quadcopter = $65

monthly fixed expenses = $ 11,900

Now,

let the number standard quadcopter sold be 'x'

thus, according to the question

the number deluxe quadcopter sold will be = 2x

also,

at break-even

total cost = total revenue

or

Total fixed cost + Total purchasing cost = Total revenue

or

$11,900 + ($45x + $65 × 2x) = $55x + $85 × 2x

or

$11,900 + $45x + $130x = $55x + $170x

or

$11,900 + $175x = $225x

or

$225x - $175x = $11,900

or

$50x = $11,900

or

x = 238

Hence,

For break-even, number of standard quadcopter sold should be 238

and, number of standard quadcopter sold should be 2 × 238 = 476

To earn $7,700

Earning = Total Revenue - Total cost

$7,700 = ( $55x + $85 × 2x ) - [$11,900 + ($45x + $65 × 2x)]

$7,700 = $225x - $11,900 - $175x

or

$7,700 + $11,900 = $50x

or

$50x = $19,600

or

x = 392

Therefore,

to earn $7,700, number of standard quadcopter sold should be 392

and, number of standard quadcopter sold should be 2 × 392 = 784

4 0

3 years ago