<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
To know more about marginal cost curve here:
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Answer:
<u><em>What’s a industry-wide sales volume?
</em></u>
It is a measurement of the average of money and units sold showing the size of an specific industry.
<u><em>What’s the different of dollars and units?</em></u>
The expresion in dollars shows the economic variatoion of the industry and in units shows how the production is growing or reducing.
Answer:
Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.
Step 1 Find Future Value
FV = Present Value * (1+r)^n
So
Future Value = $750,000 * (1+9%)^1
FV = $817,500
Step 2 Find the Difference between he Future value of the investment and the amount investment
And the amount invested is $750,000
The amount I can withdraw = FV less The amount invested
The amount I can withdraw = $817,500 - $750,000 = $67,500
So the amount that I will earn and I can withdraw annualy is $67,500.
