Answer:
The line on the graph will be parallel to the pre-subsidy line and the new constraint will then be equal to the points connecting the two lines.
Explanation:
The subsidy by government to single parents is $3 per hour for up to 8 hours. The total of subsidy will be $16 for each day. The labor force who were not receiving the subsidy before had steep indifference curve but now few workers will find utility maximization with flatter indifference curve so the workers will join the subsidy program.
The firm will exit or leave the industry as its not making any profits.
<h3><u>CALCULATION OF THE PROFITS</u></h3>
According to the Question,
The firm produces at P = MC
Where we know,
Q = 55 units
P = $4.78
ATC or Average Total Cost = 6.76
AVC or Average Valuable Cost = 3
P > AVC so the firm produces to minimize losses at the MC = P.
Profit = ( P - ATC ) × Q
=( 4.78 - 6.76 ) × 55
= - 108.9
The profit is - 108.9 dollars per minute.
As the firm in the industry is making losses ( a negative profit ) so it will exit the industry in the long run.
To know more about competitive firms, check the given link.
brainly.com/question/28104159
#SPJ4
The right answer for the question that is being asked and shown above is that: "C) Mark will not be able to write checks from a money market account, which will encourage him to save money." This an issue that he needs to be aware of when comparing a money market account to a checking <span>account</span>
The answer is A the first path is a worker in energy generation, followed by energy transmission, and the final passage is energy distribution.
<h2>
Further Explanation:</h2>
The career pathways are a set of profession step in professional work. The path for people who work in energy-related practice is started.
1. Energy generation: The energy such as electrical power comes from the various resource, it could be from the solar panel, gas, or old fossil electrical plant. The career here can be an engineer, the researcher.
2. Energy transmission: Transmission in electrical power is a process from the resource of where the electricity is generated into the final destination where the power is distributed.
3. Energy distribution: The distribution is the last passage where the energy is distributed to the micro organization such as household, firm, supermarket, and many others.
<h2>
Details</h2>
Material : Business
Sub chapter : Career pathways
<h2>
Know more </h2>
How the energy is transmitted brainly.com/question/11548873
Answer:
The answer is $1,027.6 million
Explanation:
Gross profit = Sales - Cost of Sales(cost of goods sold)
Gross profit = $818.8 million
Sales of $1,846.4 million.
To find Cost of Sales, we rearrange the formula to now be:
Sales - Gross profit
$1,846.4 million - $818.8 million
=$1,027.6 million
Therefore, Skechers' Cost of sales for 2018 is $1,027.6 million
