The bundle that is going to maximize profit is going to be Late
<h3>How to find the bundle that would maximize profit</h3>
we have the net profit from early to be 7 + 5 = 12
We have the net profit from late to 6 + 10 = 16
We can see that the value for late is greater at 16 compared to that of the early.
Hence we can say that late has the greatest profit.
Next we have to solve for the profit that is made. This is the net profit.
The solution is given as 16 - 12 = 4
<h3>What is profit maximization</h3>
This is the process where by businesses would try to get the best output possible from the given inputs that they would use in the business. It goal is to be able to maximize the returns that they would make.
Read more on profit maximization here:
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Answer:
$650,752
Explanation:
The computation of the avoidable interest is shown below;
But before that following calculations must be done
Interest payable on short term loan
= $2,240,000 × 10%
= $224,000
Interest payable on long term loan
= $1,600,000 × 11%
= $176,000
Therefore,
Weighted average interest rate is
= ($224,000 + $176,000) ÷ ($2,240,000 + $1,600,000) × 100
= 10.42%
Now
Avoidable interest is
= [$3,200,000 × 12%] + [($5,760,000 - $3,200,000) × 10.42%]
= $650,752
Answer:
an increase in the number of goods produced
the creation of employment opportunities
Explanation:
The GDP value communicates the rate of economic growth in a country. An increase in GDP shows the economy is growing. The GDP value is calculated by adding all the values of new goods and services produced within the country. An increase in the value of products and services produced results in an increase in GDP, indicating economic growth.
When businesses need to offer more goods and services, they require to hire additional workers to be engaged in production activities. Economic growth means more job opportunities are created.
