Answer:
c. 6
Explanation:
The maximun profit is determined by the point where the Marginal Revenue (MR) is equal to the Marginas Cost (MC).
Solving for person of type 2 and considering Z=1.
The marginal cost equation:
MC = 2 + 4z
MC = 2 + 4(1)
MC = 6
The demand equation:
P2 = 24 - 2Q2 + 6z
P2= 24 - 2Q2 + 6
P2= 30 - 2Q2
To calculate the Marginal Revenue, we calculate, at first, the total profit:
Total profit=P*Q2
TP=(30-2Q2)*Q2
TP=30Q2 - 2Q2^2
Taking the derivative of the total profit, we obtain the Marginal Revenue
MR = 30 - 4Q2
Finally, set the MR and MC, and solve for Q2
30 - 4Q2 = 6
24 = 4Q2
<h2>
Q2 = 6</h2>
Answer:
1) Auto loan - a lot of people take auto loans to purchase their dream car although it considered as a bad debt as a car usually is very expensive.
2) potential debt I wouldn't mind getting into would probably be something for myself aka self development. investing in yourself by borrowing for more education or to consolidate debt. it can increase your ability to save for the future, build wealth, etc.
Answer:
Limited access to factors of production.
Explanation:
In Alice's firm they are planning on expanding to new markets, two factors of production have been seen to be the challenge in the planned expansion.
First labor is expensive and secondly manufacturing equipment is unavailable in the international market.
Answer:
$134,300
Explanation:
Total indirect manufacturing cost = (Unit Produced * Variable manufactured overhead) + Fixed manufacturing overhead
= (8,000 * 1.60) + 121,500
=12,800 + 121,150
=$134,300
Hencc, the total amount of indirect manufacturing cost is $134,300
Answer:
do not Install guard rail because the guard rail cost exceed the expected benefits
Explanation:
given data
guard rail cost = $70,000
average damage = $10,000
guard rail prevent = 5 vehicles
to find out
What should the county do
solution
we know here guard rail cost is $70,000
but expected benefits = $10,000 × 5
expected benefits = $50,000
so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits