Answer:
800
Explanation:
The objective here is to determine the socially optimal production of X.
For this to occur ; it is crucial that both firm must merge together.
Therefore; the Profit will be = Total revenue - Total Cost
From the question; the total revenue = 6X + 5Y ; &
The total cost is :
Now: The profit =
=
If the socially optimal production of X is the differential of the equation
(X) =
=
=
= 800
Thus the social optimal production of X = 800
Answer:
b. is a positive statement
Explanation:
Positive statements describes what is and not ones personal opinion or value judgements.
An example of a positive statment is when prices increase, demand falls.
A normative statement describes value judgement and it is not based on empirical evidence.
An example of a normative statment is the government ought to increase prices of junk food so people can eat more healthy food.
I hope my answer helps you
Answer:
c. producing more automobiles in the United States.
Explanation:
Based on the scenario being described it can be said that the manufacturer could reduce its economic exposure by producing more automobiles in the United States. By doing so they would not be at the mercy of the yen's unexpected currency rate fluctuations since the cars produced in the US are priced in dollars which is for the most part very stable.
Answer:
A. It wants to increase the value of goods and services it produces.
Explanation:
GDP is the total value of all commodities and services produced within the country over a given period. Only finished consumer goods are considered when calculating GDP. The GDP value communicates the state of a country's economy. An increase in GDP reflects growth, while a decrease suggests a recession.
When a country wants to increase the GDP value, it is thinking of increasing the value of all commodities and services produced within its boundaries. Increasing GDP is similar to expanding the economy.