Answer :
A. Stereotype (i think this is right)
Answer:
a. The total profit would be positively affected as it increases
Explanation:
1. We calculate the value of revenue per 8000 gallons with the initial chemical compound and processed into the new variant
Revenue Initial Chemical Compound= 8000 gallons X ($52/gallon)
Revenue Initial Chemical Compound=<em><u> $ 416.000</u></em>
Revenue Chemical compound processed into the new variant=8000 gallons X ($83/gallon)
Revenue Chemical compound processed into the new variant= <u><em>$ 664.000</em></u>
2. If we consider that the other production costs will be the same for the two chemical compounds, then the only difference will be the processing cost to refine the basic compound into the new variant. For this reason, we substract only the value of processing the basic compound into the new variant for the revenue of this.
<u><em>$ 664.000 - $160.000= $504.000</em></u>
3. The benefit values for each case are:
Initial Chemical Compound: $416.000
Chemical compound processed into the new variant: $504.000
In conclusion, greater benefit is obtained by processing the basic compound in the new variant than if the basic compound were sold only
In 2018, Boeing paid its Washington state employees nearly $600 million in bonuses.----> both economic and accounting profits
In 2018, Amazon opened its new office building in downtown Seattle. Instead of using the new office space itself, Amazon could have rented out the space to local companies for $50,000 per floor per year.--->economic profits only
Nordstrom pays $50 per square foot to lease space in a shopping mall.--->both economic and accounting profits
Anna, the owner of a local bike repair shop, uses her time to operate her business instead of earning an annual salary of $100,000 at the Ford Motor Company.----> economic profits only
<h3>What are
economic profits?</h3>
Generally, The difference between the income obtained from the sale of a product and the costs of the inputs utilized, in addition to any opportunity costs, determines whether an economic activity results in a profit or loss.
When determining the level of economic profit, the amount of revenue received is subtracted from both the opportunity costs and the explicit expenses.
Read more about economic profits
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CQ is attached below
Answer: 11%
Explanation:
Arithemetic mean is the average of a set of numeric variables that is calculated by adding them up and dividing by the number of variables there are.
= (0.17 + (-0.04) + 0.2 + 0.12 + 0.10)/5
= 0.55/5
= 0.11
= 11%
Answer:
The consumer surplus will definitely increase.
Explanation:
The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.
