Answer:
$450
Explanation:
Data given in the question
Number of the units produced is 50 units
Marginal revenue is $6
Now the output increase by 50%
So, the total revenue is
= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)
= 50 units × $6 + 50% of $300
= $300 + $150
= $450
We simply compute by applying the above information
Answer: 11 cars
Explanation:
Socially optimal quantity is determined where,
Demand = Marginal Social Cost
We have the demand function, now we must calculate the MSC.
We can do that as,
MSC = Marginal Private Cost + Marginal External Cost
MSC = 20 + 5q + 10
MSC = 30 + 5q
Going back to our original formula we can now solve for the socially optimal quantity as,
Demand = MSC.
100 - 5q = 20 + 2q
80 = 7q
q = 11.42
q = 11
11 is the socially optimal number of cars produced.
If the supply curve for a product is vertical, then the elasticity of supply is equal to zero.
Deliver curve, in economics, photo representation of the relationship between product charge and the amount of product that a dealer is inclined and able to deliver. Product rate is measured on the vertical axis of the graph and the amount of product provided on the horizontal axis.
The supply curve is a graphic representation of the correlation between the fee of terrific service and the amount supplied for a given duration. In a regular illustration, the price will seem on the left vertical axis, even as the amount provided will seem on the horizontal axis.
Deliver curve shift: changes in production fees and associated factors can purpose an entire supply curve to shift proper or left. This reasons a higher or decreased amount to be supplied at a given price. The ceteris paribus assumption: supply curves relate charges and quantities provided assuming no different factors exchange.
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Answer:
The powerful novel which explores themes of friendship, power, dreams, and the responsibility we have to look out for one another in a sometimes unkind world.
The characters at the heart of the story, George and Lennie, work against all odds to earn enough money to build their dream (to own a place of their own, with alfalfa and rabbits.)
According to the book, their friendship sets them apart from the other men in the world and fuels their aspirations.
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Answer:
The correct answer is letter "A": Dina.
Explanation:
The fact that local theaters near school offer a discount to students with valid identification is not a form of discrimination. As stated by Dina, there is no age restriction, for instance, and it is presumed, there is no other such religious preference, sexual orientation, race, and so forth. Economists are more likely to agree with Dina since what the local theaters are simply trying to do is to get the more clientele possible out of diverse sources. In this case, the source is the student status.