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1 answer:
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Answer:
1. 20 units
2. $600
Explanation:
1.
MC = 4q
Price, P = $80
For maximizing profits,
Marginal cost = Price of the commodity
4q = 80
q = 20 units
= 200 + 800
= 1,000
2. Profit = Total revenue - Total cost
= (Price × Quantity) - TC
= (80 × 20) - $1,000
= $1,600 - $1,000
= $600
3. We know that the firm in the short run will be produce at a point where total revenue is greater than the total variable cost
Average variable cost = variable cost ÷ quantity
= 2Q
MC = 4Q
Here, MC is greater than AVC at any given point.
so in the short run firm will producing short run positive profit.
Answer:
D. $44,580
Explanation:
Here we want to find the yearly value of the compensation package.
To order to do so, we have to add the various terms. We have:
salary per year
Then we have the total cost of a $180-per- month health insurance plan; since there are 12 months in a year, it is
per year
Then we have the total cost of a $35-per-month life insurance, so the yearly cost is
Therefore, the total compensation package is
So, option D.