Bigmed's total revenue if the firm produces allocative efficient quantity will equal $5,700.
<h3>What is Allocative Efficient Quantity?</h3>
Allocative efficiency in economics is triggered when price = marginal cost. The point on the graph where this happens is the point where price equals $100 and quantity = 57.
Because revenue is price x quantity, we therefore have:
$100 * 57 = $ 5,700.
Hence A = $ 5,700
B) With a change in the price of 2% the quantity demanded will most likely remain at 57 or very close to 57 because in that region, the price is inelastic.
This can be proven by calculating the demand reaction when the price moved from $68 to $100. The price elasticity for that change in price was -0.78 (that is, inelastic).
So if for a price change of 32% the quantity changed was negligible, then 2% will be more inelastic.
C) At the quantity demanded of 10 units, there is insufficient information to determine the condition of the marginal product.
D) Profit is always maximized at the point where Marginal Cost (MC) = Marginal Revenue (MR). That is MC = MR.
Hence the quantity (Q) that maximizes BigMed's profit is <u>44 Units.</u>
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E) At the quantity identified above, the firm is earning negative economic profits which is a loss. This is because of the price where MC=MR is lower than the Average Total Cost (ATC).
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brainly.com/question/14471969
Definitely a. Napoleon also demanded that America paid everything up front, in gold. The Louisiana Purchase was basically a big "Nope, you take it" for the French.
Q#1= constitution
q#2=separation of powers
q#3=responsibilities of citizens
q#4=rights of citizens
q#5=bill of rights
Answer:
Scots-Irish Protestants
Explanation:
The Scots-Irish Protestants were the largest number of European immigrants to colonial America in the 18th and 19th centuries. Around 200,000 Scots-Irish Protestant people migrated from Europe to American in that era. They settled around Pittsburgh, New York, and Philadelphia, whereas the first group arrived and settled in New England.