Answer:
expansion should be undertaken as it has a positive net present value
Answer: When the switch is closed.
Explanation: The current is the flow of charges, the current can only flow when the switch is closed
Answer:
Total producer surplus= $30
Explanation:
Producer surplus is the difference between the price a seller is willing to sell and the market price or actual price at which the item is bought. The producer surplus is the additional benefit the seller gets from a sale.
Consumer surplus= Market price - Price seller is willing to sell for
Marco is willing to sell at $15 hour
Kelly is willing to pay $30 per hour
Mike is willing to pay $20 per hour
Surplus from Kelly= 30- 15= $15
Surplus from Mike= 20- 15= $5
Total producer surplus= ($15*1 hour) + ($5 *3 hours)
Total producer surplus= 15 + 15= $30
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.
<h3>What are skills? </h3>
Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.
When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.
Therefore, option E positive externality is the correct option for the given statement.
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Answer:
The option E is correct
Explanation:
Solution
Given that:
The output manufactured to Q = 5Lk
Where L= Labor quantity
k=Capital quantity
The price of K= $12
The price of L =$6
Now,
We find the combination of both K and L that will produce 4,000 units of output.
MPL/MPK is defined as the cost minimizing combination = w/r
Thus,
MPL/MPK = D(Q)/dl = 5k
same will be done for L,
MPL/MPK = D(Q)/dk = 5L
We divide 5K and 5L
So,
5k/5L =$6/$12
k/L = 1/2
Thus,
k =L/2
Now, when we substitute the value L = 2k in Q we have the following below:
Q = 5k * (2k)
Given that Q = 4000
So,
4000=10k2
4000=k2
we divide
k =20
L = 2k = 2820
= 40
Therefore, L =40, k = 20
