Answer:
A. the iso-quant line is tangent to the iso-cost line.
Explanation:
Cost minimization refers to the decrease in level of cost of production for certain specified level of production.
Iso quant line represents the labor and capital combinations keeping the total cost same. The least combination represents the tangent to isoquant, basically representing the idle choice of labor and capital.
In this manner the company chooses the idle way of cost minimization.
Answer:
65 firms will be in the industry at the new long run equilibrium
Explanation:
in the long run the P=ATC
quantity before the change is
200 = 1000-4Q
4Q = 800
Q= 200
each firm output = Q/number of firms = 200 / 50
q = 4
new quantity is
200 = 1240-4Q
4Q = 1040
Q = 260
number of firms=new Q/q
=260/4 = 65
the number of firms is 65 in the long run.
Answer:
He must report 15,000 gain in his year 8 tax...........
Answer:
GDP is the value of the total production of final goods and services produced within a country (in this case Ireland), while Gross National Product (GNP), in this specific case, is the value of the total production of final goods and services produced by residents of the Ireland (individuals or businesses).
Since several corporations have international headquarters in Ireland due to special tax regimes, e.g. Apple, Microsoft, Google, Intel, Pfizer, FB, etc., and many of those corporations manage all their world trade (except local trade in the US) through those offices, they are very large and wealthy.
Answer: $315000
Explanation:
From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:
= [(75% x 15) + (25% x 18)] x 20,000
= [(0.75 × 15) + (0.25 × 18)] × 20000
= (11.25 + 4.5) × 20000
= 15.75 × 20000
= 315,000
Therefore, the gross rental income is $315000
