Answer:
B. an economic profit of $6.50
Explanation:
Note: The full question is attached
Price Q TR MR Output TC MC
2.75 3 8.25 - 3 4 -
2.50 4 10 1.75 4 4.5 0.5
2.25 5 11.25 1.25 5 4.75 0.25
2 6 12 0.75 6 5.75 1
1.75 7 12.25 0.25 7 7.75 2
For profit Max MR = MC. MC>MR
At Q = 5, MR = 1.25 & MC = 0.25
Economic profit = TR - TC = 11.25 - 4.75 = $6.5
But at Q = 6, MR = 0.75 MC = 1. Net benefit is negative
Answer:
it means you can understand what a person is feeling in a given moment, and understand why other people's actions made sense to them. Empathy helps us to communicate our ideas in a way that makes sense to others, and it helps us understand others when they communicate with us.
Answer:
I'd say B,
Explanation:
becuase you dont need any money to hike and she wants to save it.
Answer:
Total consumer surplus is $12
Explanation:
Consumer surplus can be defined as the difference between what the consumer is willing to pay for a particular product and its market price.
Given:
Market price of product is $5
Consumer's willingness to pay for 1st unit = $12
Consumer surplus of first customer = 12-5 = $7
Consumer's willingness to pay for 2nd unit = $8
Consumer surplus of second customer = 8-5 = $3
Consumer's willingness to pay for 3rd unit = $7
Consumer surplus of first customer = 7-5 = $2
Total consumer surplus = 7+3+2
= $12
Answer:
$0
Explanation:
The deductions made as seen were in the year 2019.
If Derek elects to take standard deduction in filling federal income tax return, the amount of refund will not be taxable and not to be included in 2020 gross income
Hence, no tax benefit rule applies as the standard deduction was taken in 2019.
Amount of refund that will be included in 2020 gross income is thus $0