Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
Answer:
A) (20-(x-10)) (x-6) = -x^2 +36x-180
B)In order to maximize the weekly profit the feeder price should be $80 and the weekly profit will be $144
Explanation
A)Let's consider they priced each feeder dollar x then the gain (price minus cost) of each feeder is (x-6). With the price of Dollar 10 they can sell 20 per week.
For every dollar increase in price they will lose two sales so total sale is
(10-(x-10)) .By multiplying the number of sales of feeder with profit of each feeder sold we get total revenue y i.e.
Y=(x-6)(20-(x-10))
=(x-6) (30-x)
= -x^2+36x-180
B) compare above equation with quadratic equation we get;
a=-1 , b=36 , c= -180
A quadratic function has minimum or maximum at point -b/2a ,so revenue is increased for feeder price.
x= b/2a = 36/2(-1) = $18
AND
Maximum weekly profit is
Y(18) = (18-6) (30-18)
=$144
Answer: The correct answer is "domination."
Explanation: Our culture has a split personality about big tech companies like Google. On the one hand we are constantly afraid that they are out for world <u>DOMINATION.</u> On the other hand, we love what they offer us and make them our heroes.
Generally, the big global technology companies offer us multiple tools that make it easier for us every day, but on the other hand these companies have a great amount of information from all over the world, with which a lot of damage could be caused if other purposes are pursued.
Answer:
Bank Certificate of Deposit (CD)
Explanation:
For the 65-year old widow in this scenario, the best recommendation would be a Bank Certificate of Deposit (CD). A traditional Bank CD is a time-bound deposit, in which you enter into an agreement to let the bank use your money for a fixed period of time, and in return, the bank pays you a higher interest rate than it would for a traditional savings account. Thus providing a good income with very low risk.
