Answer:
following a linear equation:
y = mx + b
if we use July's data:
y = $0.0882m + 500
where
y = total cost
m = number of copies
the slope = 1 / 11.3333 = 0.0882
Explanation:
Month Number of Copies Total Copy Cost
January 46,000 $4,600
February 42,000 $4,400
March 58,000 $5,300
April 64,000 $6,300
May 57,000 $5,000
June 62,000 $5,800
<u>July 68,000 $6,500 </u>
August 71,000 $7,300
y = mx + b
6,500 = 68,000x + 500
x = variable cost per unit = (6,500 - 500) / 68,000 = $0.088235294 per copy ≈ $0.0882 per copy
the equation would be:
y = $0.0882m + 500
the slope = 1 / 11.3333 = 0.0882
I do not understand your question
Answer:
Explanation:
a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4
price P=15-Q=10-4=6
profit=6*3-TC=18-(3+4+0.5*4^2)=3
b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.
c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.
d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.
Answer:
b. oil prices increased faster than real GDP, but real GDP still grew at a healthy pace.
Explanation:
In this example, we compare the annual price of oil and the annual increase in GDP. When we look at the two, we can see that oil prices increased faster than real GDP. Nevertheless, we can also see that GDP still grew at a healthy pace.
GDP refers to Gross Domestic Product. This concept describes the monetary value of all good and services produced within a country's borders in a certain time period. GDP does not describe all the specific economic conditions of a country. However, it is still a useful measure for politicians and researchers in order to estimate the relative health of a country's economy.
Answer:
D
Explanation:
Savings account as the name implies is supposed to make money for you via interest while putting money away for future expenditure. Checking is best for regular financial spending.
