Answer:
Emily would be able to know if the residential market in Albany is depreciating through the actions of investors in that sector. In a situation where people are no longer willing to invest in Albany, through purchase of houses, it shows that the residential market is depreciating. <em>Also, when there are lack of buyers of residential houses is another factor indicating depreciation.</em>
Explanation:
Answer:
The correct answer is Fire trucks.
Explanation:
According to the scenario, the given data are as follows:
1. Building blocks buy = $50
Increase in units = 100 units
2. Fire trucks buy = $20
Increase in units = 80 units
( which means in $50 Fire trucks can be bought 2.5× existing units)
So, In $50 Fire trucks increase in unit = 80 units × 2.5 = 200 units
3. Trains buy = $5
Increase in units = 15
( which means in $50 Trains can be bought 10× existing units)
So, In $50 Trains increase in unit = 15 units × 10 = 150 units
Hence, Fire trucks will give the maximum utility.
Answer:
a.total revenue is maximized
Explanation:
Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The Variable unitary cost= $37 each.
The fixed costs are $70,000.
The selling price for each product is $72.
1) revenue function= P*X
Revenue function= 72*x
Option E
2) Profit function= (P-Vc)*X-Fc
Profit function= 35*x-70000
Option B
3) break-even quantity= fixed costs/contribution margin
break-even quantity= 70000/35= 2000 units
Option D
4) break-even point ($)=fixed costs/contribution margin ratio
Contribution margin ratio= contribution margin/P= 0,49
break-even point ($)=70000/0,4861111= $144000
Answer:
Some existing firms will exit the industry.
Explanation:
Because the market is in loss
loss=(ATC-P)*Q
ATC>P..............given
also, the firm is in working condition because it is having the price above AVC.
Because of loss some firms in long run discourage to work and leave the market.