3. MaxProfit Inc, a profit maximizing firm in a competitive market is currently producing 1000 units of widgets. It has average
1 answer:
Answer;
Total profit is $18000
Step-by-step explanation:
Given in question
Number of unit is <em>1000</em>
Average revenue is <em>$100</em>
Average total cost is<em> </em><em>$80</em>
Fixed cost is <em>$2000</em>
Total revenue = average revenue number of unit
Total revenue = $100 1000=$100000
Total input cost = total cost + fixed cost
Total cost = average cost total unit
Total cost =$80 1000 = $80000
Total input cost = $80000 + $2000 = $82000
Profit = total revenue-total cost
Profit = $100000 - $82000 = $18000
Total profit is $18000
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Changing the subject of the formula into v means expressing v in terms of the other given variables. So given the original equation, as shown below, we can rearrange it so that we have v isolated on one side.
To isolate v, we can just multiply s to both sides and come up with the final equation below.
Thus, we have v = s(1 - F/f) with v as the subject of the formula.
Answer: v = s(1 - F/f)
To isolate v, we can just multiply s to both sides and come up with the final equation below.
Thus, we have v = s(1 - F/f) with v as the subject of the formula.
Answer: v = s(1 - F/f)
Answer:
17 inches
Step-by-step explanation:
An obtuse triangle is the triangle in which one of the side is the longest. It contains an obtuse angle and the longest side is the side that is opposite to the vertex of the obtuse angle.
Let the three sides of the obtuse triangle be a, b and c respectively with c as the longest side. Let a = 9 inches and b = 14 inches.
Now we know that for an obtuse triangle,
c > 16.64
Therefore the smallest possible whole number is 17 inches.