Answer:
To maximize profit , the firm should shut down
Explanation:
In this question we are tasked with stating what a firm should do to maximize profits or minimize loss.
In this particular situation, what the firm should do is to shut down. why?
The reason why the firm should shut down is that the price per unit is less than the average variable cost. In the question, we can identify that the price per unit is $3 while the average variable cost is $3.50. We can see that the price per unit is less than the average variable cost from their values.
And hence to minimize loss or maximize profit, what the firm has to do is to shut down its operations
Self-confidence is considered one of the most influential motivators and regulators of behavior in people's everyday lives (Bandura, 1986). A growing body of evidence suggests that one's perception of ability or self-confidence is the central mediating construct of achievement strivings (e.g., Bandura, 1977; Ericsson et al., 1993; Harter, 1978; Kuhl, 1992; Nicholls, 1984). Ericsson and his colleagues have taken the position that the major influence in the acquisition of expert performance is the confidence and motivation to persist in deliberate practice for a minimum of 10 years.
Self-confidence is not a motivational perspective by itself. It is a judgment about capabilities for accomplishment of some goal, and, therefore, must be considered within a broader conceptualization of motivation that provides the goal context. Kanfer (1990a) provides an example of one cognitively based framework of motivation for such a discussion. She suggests that motivation is composed of two components: goal choice and self-regulation. Self-regulation, in turn, consists of three related sets of activities: self-monitoring, self-evaluation, and self-reactions. Self-monitoring provides information about current performance, which is then evaluated by comparing that performance with one's goal. The comparison between performance and goal results in two distinct types of self-reactions: self-satisfaction or -dissatisfaction and self-confidence expectations. Satisfaction or dissatisfaction is an affective response to past actions; self-confidence expectations are judgments about one's future capabilities to attain one's goal. This framework allows a discussion of self-confidence as it relates to a number of motivational processes, including setting goals and causal attributions.
$4099 is the amount, Jennifer must include in her gross income for federal income tax purposes.
<h3>What is the difference between income and gross income?</h3>
The amount of money earned in a fiscal year before taxes are referred to as annual gross income. The sum of cash you earn in a fiscal year after certain deductions is your annual net income.
Given
Capital Gain = $4000
Interest earned = $99
Required to calculate Gross income for tax purposes =?
Gross income for tax purpose = $4000 + $99 = $4099
Employee's gross pay is what they earn before taxes, benefits, and other payroll deductions are deducted from their pay. Net pay, also known as take-home pay, is the amount left over after all withholdings are deducted. Their gross income for Jennifer includes capital gain and interest she earned on it.
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Answer:
a) a demand curve
b) a demand schedule
Explanation:
A demand curve is a graph that shows the relationship between price and quantity demanded.
A typical demand curve is downward sloping. This means that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
A demand schedule is a table that shows the relationship between price and quantity demanded.
Attached is an image of a demand curve
I hope my answer helps you
The variables that can shift the supply curve are the number of sellers, production costs, and income.
<h3>What is the supply curve?</h3>
Corresponds to a graphical representation of the quantity of a product or service that is sold in relation to the increase in prices. That is, when prices rise, the supply curve will slope upward, and changes in the quantity supplied at a given price shift the curve to the right.
Therefore, supply is an economic concept to designate a market situation where there is a quantity of products and services available that consumers want to buy.
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