Answer:
<em>Therefore the output level at which the firm's profit is maximized is = -100.it indicates a loss</em>
Explanation:
<em> Given that,</em>
<em> the firm's profit function,
</em>
<em> (q) = 40q - (110 +20q +10q^2)
</em>
<em>
The Profit is maximised by taking the first formula of the profit function with respect to. q and putting it equal to 0, (first order condition). This gives us,
</em>
<em>
dπ (q)/dq = 40 - 20 - 20q = 0
</em>
<em>
The variable cos of the firm's average is , AVC= 20 +10q. At q=1, AVC= 30.
</em>
<em>
Since AVC is less the price, then the firm will function in the short run.
</em>
<em>
(since TR= 40q and q=1, therefore p=40).
</em>
<em>
It gives q=1
</em>
<em>
At q=1, revenue = 40, total cost= 140, therefore maximum profit = -</em>
Answer:
Puffery
Explanation:
PUFFERY can be defined as the way of using exceptional words to describe things in which such things described are exaggerated or false praise for the purpose of attracting buyers to that particular product or service.
Although PUFFERY are commonly been used in advertising or to promote sales which is why PUFFERY is often not taken serious due to the fact that it is subjective.
In order word PUFFERY can said to means the way of using false praise to praise something in which such things or item are just be exaggerated just as in the case of
Melon Lawn who describe XJ200 as a "fabulous new mower" that will "take landscaping by storm in order to attract customers to the products.
Answer:
The use of data aggregation leads to overstatement of the concentration and Herfindahl indices
while the use of National/state data leads to understatement of the degree of concentration in local markets.
Explanation:
The ratio of concentration and Herfindahl indices computed are mainly made up of foreign players while the contributions of small local unorganized players are not considered, which leads to the increase in the value of indices and ratios been used, ( i.e. The use of data aggregation ) . hence the overstatement of the actual level.
The understatement of the degree of concentration in local markets happens because of the use of national and state data while computing the concentration in the local markets like gasoline and this is mainly caused by the presence of fewer industries in the market. The state and national data does not reflect the true concentration in the local market hence the degree of concentration is understated at the local level.
Answer:
B. Notes Receivable.
Explanation:
Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable
Therefore it is a note receivable
Hence, the option b is correct
and, the same is to be considered and relevant
