Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Suppose that a monopolist is selling 100 units of a product for $20 each. If the average variable cost at this level of output is $10.50 and average fixed cost at this level of output is $8
Economic profit= (20 - 10.5 - 8)*100= $150
Answer:
Explanation:
a) Loss or gain = fair market value - adjusted value = 880,000 - 650,000 = 230,000
b) Loss or gain = 880,000 - 690,000 = 190,000
c) Loss or gain = 885,000 - 650,000 = 235,000
<span>Lucinda could buy either 2 kewpie dolls and 1 beanie baby, or 1 beanie baby and 2 kewpie dolls at $6 a piece if she has $18. Rationally, Lucinda would want at least one of each toy. Whether she went with the first or second option the amount she would spend would be as follows: $6Ă—3 toys=$18.</span>
Answer: Seasonal unemployment.
Explanation:
Seasonal unemployment refers to a situation that occurs because of the certain conditions and these conditions are temporary in nature or recurrent. Most of the industries experience a fluctuations in the demand for a product that is based on the conditions.
For instance, suppose a firm produces woolen clothes. We know that the demand for woolen clothes only increases in the winter season. But, once the winter season get over then the demand for woolen clothes decreases as a result unemployment increases. This is a situation of seasonal unemployment.
In our case, Anna lose her job during the summer or winter which indicates that Anna is suffering from seasonal unemployment.