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raketka [301]
3 years ago
7

If you had a bank account, which two methods of completing transactions do you think you would use most frequent?

Business
2 answers:
tatiyna3 years ago
4 0
Withdrawals and Deposits
Alika [10]3 years ago
3 0
Withdraws and deposits
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Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the for
zheka24 [161]

Answer: See explanation

Explanation:

The magnitude of the deadweight loss resulting from the externality is shown below:

MC = 500 + 2Q

MEC = 40 + 2Q

Therefore, the Marginal social cost (MSC) will be:

= MC + MEC

= 500 + 2Q + 40 + 2Q

= 540 + 4Q

Since Demand: Q = 150,000 - 100P, we have to get a function for P which will be:

Q = 150,000 - 100P

100P = 150,000 - Q

P = (150,000 - Q)/100

P = 1,500 - 0.01Q

Total revenue, TR = P x Q

= (1,500 - 0.01Q) × Q

= 1500Q - 0.01Q²

Marginal revenue, MR will be:

= dTR / dQ

= 1,500 - 0.02Q

It should be noted that for when there's no externality, Equilibrium, MC must be equal to MR. Therefore,

1,500 - 0.02Q = 500 + 2Q

2Q + 0.02Q = 1500 - 500

2.02Q = 1,000

Q = 1000/2.02

Q = 495

P = 1,500 - (0.01 x 495)

= 1,500 - 4.95

= 1,495.05

When there's externality, Equilibrium will be:

MR = MSC

1,500 - 0.02Q = 540 + 4Q

4.02Q = 960

Q= 960/4.02

Q = 239

Therefore, P = 1,500 - (0.01 x 239)

= 1,500 - 2.39

= 1,497.61

Then, we will calculate the deadweight loss which will be:

= 1/2 x Difference in price x Difference in quantity

= 1/2 x (1,497.61 - 1,495.05) x (495 - 239)

= 1/2 x 2.56 x 256

= 327.68

3 0
2 years ago
Comparative advantage is the ability to convince others of the best choices to make in their own self-interest. perform an activ
Ira Lisetskai [31]

Answer:

The correct answer is letter "B": perform an activity at a lower opportunity cost.

Explanation:

Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor. Having a comparative advantage does not mean that one entity is absolutely better than another at producing a good or service. It means that it sacrifices less to do so.

3 0
3 years ago
A garment manufacturing company makes 380,000 articles per year. Each article takes 95 minutes of direct labor at the rate of $9
ANTONII [103]

Answer:

The maximum amount the company should pay for the new machine is $1,567,500 if it wants to break even by the end of the first year

Explanation:

Number of article (N) = 380.000

Time for each articles (T) = 95 minutes = 1.583 hours

Direct Labour Cost (D1) = $9 per hour

Overhead Cost (O1)= $7.50 per direct labour hour

Total cost for labour(C)=   D1 + O1= $16.50 per hour

Selling price of articles(S1) = $80 per article

- Cost of Production (P1)= N * T * C

= 380,000 * 1.583 * 16.50

=$9,925,410

-Total amount got by selling (S) = N * S1

=380,000 * 80

=$30,400,000

Profit in this process (R1) = S - P1

=30,400,000 - 9,925,410

=$20,474,590 per year

-Time for each article with new machines (T)= 95 - 15 = 80 minute = 1.333 hour

-Cost for production (P2)= N * T * C

=380,000 * 1.333 * 16.50

=$8,357,910

Profit in this Process(R2)= S-P2=

=30,400,000 - 8,357,910

=$22,042,090 per year

Net Profit gain by new machine = R2 - R1

=$22,042,090 - $20,474,590

=$1,567,500 per year

The maximum amount the company should pay for the new machine is $1,567,500 if it wants to break even by the end of the first year

6 0
3 years ago
"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of
nalin [4]

Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.

6 0
3 years ago
The general services administration (gsa was set up as an independent agency _____.
ahrayia [7]
To Take care of the construction and operation of public buildings
3 0
3 years ago
Read 2 more answers
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