Answer:
$3 per unit
Explanation:
In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.
In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.
Economic profit = Cost saving
Economic profit = Marginal Cost - Average variable cost
Economic profit = $8 - $5
Economic profit = $3
Answer:
1. $1000 (sale price) - $800 (Dealer price) = $200
2. $200 * 10 sculptures = $2000 of total value added
Explanation:
STEPS
1)The artist pays $5,000 for the intermediate goods (scrap metal) and sells the finished goods (10 sculptures) for $1 comma 1,000 each.
The value added for the artist equals $3000
2)The art dealer pays $800 for the intermediate goods (sculptures) and sells the finished goods (sculptures) for $1000 each. Calculate the difference between the price the dealer paid for the sculptures and the amount for which the dealer sold the sculptures.
3) $1000 (sale price) - $800 (Dealer price) = $200
4) $200 * 10 sculptures = $2000 of total value added
<span>The
answer to this is that the company has strategically decided to adopt
<u>“telecommuting”.</u></span>
Telecommuting is the general term used which refers to working at
places outside the office which is usually at home using the internet, email,
or telephone.
<span> </span>
The number of employed workers in this economy is A. 13.5 million
Explanation:
The number of unemployed people in the economy means the percentage of people who are actively seeking employment but cannot find a job for sustenance.
Thus, the ones who are seeking a job are the only ones that can be considered here.
So, the total population cannot be considered and the pool that justifies this demographic is the total labor force which is 180 million.
And the number of unemployed people would be calculated by multiplying the percentage of them with the total labor force which would be
7.5 * 180 = 13.5 million people.
Thus 13.5 people in the force are unemployed.
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