Answer: is realizing an economic profit of $40
Explanation:
The total cost involved in the production will be:
Fixed cost = $100
Variable cost = $3 × 20 = $60
Total cost = $160
The selling price will be:
= $10 × 20
= $200
The economic profit will then be;
= Selling price - Cost price
= $200 - $160
= $40
Answer:
b. Increase by $2.20
Explanation:
Economic Surplus is the total benefit to society from production.
If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.
So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20
They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.
Answer:
The correct answer is option C.
Explanation:
When the interest rate falls below the normal level, people expect the interest rates to rise in future and bond prices to fall. This causes investors to sell the bonds at present so that they can buy bonds when they are selling at lower prices in future as of result of an increase in interest rates. Money demand will, as a result, will decrease.
Answer:
Incentive plans
Explanation:
Incentive plans are strategies in which representatives of an association are kept persuaded for the work that they do, and are given motivators on coming to or achieving certain association objectives. The motivator plans can be for lower level workers, center administration and senior administration.
It is the apparatus utilized by entrepreneurs to empower, perceive and reward uncommon execution in their workers.
