Answer: The firm manager should order 10 units today
Explanation:
Based on the information that have been given in the question, we should note that the number of units in order before it orders today will be 14.
Also, since the order up to level is 10, it simply means that the firm manager cannot order more than 10 units per day which means that option C of 14 units is Incorrect.
The correct answer will be that the firm manager should order 10 units today.
When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.
She used self-disclosure by saying she was raised in south Korea in Seoul and at times she would like to move back there and also that Koreans like to be entertained and to entertain. In fact, I know that Koreans have been compared to the Irish that they like to have fun and enjoy their beer and outings.
Answer: Accounting profit= $44,500
Economic Profit = $4,150
Explanation: <em>Accounting profit</em> are the profit earned by subtracting explicit cost from the total revenue earned.
<em>Economic profit</em> are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by
In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.
While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.
A. right to engage in polygamy.
i hope this helps
