Answer:
The correct answer is $2,500,000,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Operating capacity = 80%
Sales = $2 billion
Fixed assets = $600,000,000
So, we can calculate the level of sales by using following formula:
Level of sales = Sales ÷ operating capacity
= $2,000,000,000 ÷ 80%
= $2,500,000,000
Public good are non-rivalry and non-excludable goods. People can benefit these goods without affecting and reducing its availability to others. Disease prevention by the government is purely public good since it is important to every individual and each person must not have any limitations in receiving these kind of prevention.
Answer:
d. people face trade-offs.
Explanation:
The production possibility frontier shows all the combinations of two goods an economy can produce when all its resocurces are fully employed.
At one extreme of the curve, the highest possible amount of one good is produced while zero quantity of the second good is produced . To produce more quantity of the second good, one has to produce less quantity of the first good. This illustrates trade off.
I hope my answer helps you
Answer:
a) Q = 100M + 60C
b) L = 0
c) L = Q / 60
d) Cost = $66.67
Explanation:
a)
Let M be the self service machines and L be the cashiers hired by company.
M = self service machines
C = hired cashiers
Q = Total output
Each self service machine can process 100 orders per hour = 100M
Cashier can process 60 orders per hour = 60C
Then,
Q = 100M + 60C
b)
Marginal Product of self service machine = 100 / 20 = 5 order per dollar
Marginal Product of cashier = 60 / 10 = 6 order per dollar
Marginal Product of cashier is higher than Marginal Product of self service machine(6 > 5).
Then, demand for self service machine is zero.
L = 0
c)
L = Orders to be processed / Order processed per cashier
L = Q / 60
d)
L = Q / 60
L = 400 / 60 = 6.66666667
Cost = L x 10 = 6.66666667 x 10 = $66.67
Hope this helps!
