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ryzh [129]
2 years ago
14

The U.S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to

find the number of whole ounces that can be mailed for no more than $4.00.
Business
1 answer:
Leni [432]2 years ago
8 0

Answer:

15 ounces.

Explanation:

The first ounce is worth 0.40, and the additional x ounces are worth 0.25 each. So, the inequality should be Y > A + B * X, where Y is equal to 4, A is the value of the first ounce (0.4), B is the value of the additional ounces (0.25) and x is the quantity of additional ounces.

  • 4 > 0.4 + x * 0.25
  • 4 - 0.4 > 0.25x
  • 3.6/0.25 > x
  • 14,4 > x

14 is the maximum of additional ounces that can be mailed, we have to add the first one, for a total of 15 whole ounces that can be mailed for no more than $4.

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Suppose a firm’s total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
Andru [333]

Answer:

perfect competitor

Explanation:

Given:

Firm's total revenue when 10 units are sold = $100

Firm's total revenue when 11 units are sold = $110

Average Revenue = \frac{\textup{Total revenue}}{\textup{Total units sold}}

or

Average Revenue = \frac{100}{10} = $10

and,

the marginal revenue = $110 - $100 = $10

Since,

the average revenue and the marginal revenue for the firm is equal,

therefore, the is a perfect competitor

3 0
3 years ago
The demand and supply functions for basic cable TV in the local market are given as: Calculate the consumer and producer surplus
lana [24]

Answer: Hello your question is poorly written attached below is the complete question

answer:

a) Cs = 800,000 ,  Ps = 1,500,000

b) Cs = 1437500,  Ps = 525,000

Explanation:

Demand function ( Qd ) = 200,000 - 4000 P

supply function ( Qs ) = 20,000 + 2000 P

at equilibrium :  200,000 - 4000P = 20,000 + 2000P

therefore ; P = 180,000 / 6000 = 30

Q = 20,000 + 2000 ( 30 ) = 80,000

<u>a) Determine consumer and producer surplus in the market</u>

consumer surplus ( Cs ) This is the area above the price and below the demand curve  = 1/2 * ( 50 - 30 ) 80,000 = 800,000

producer surplus ( Ps ) This is the area above supply and below price

= 30 * ( 80,000 ) -  1/2 (80,000 - 20,000 ) (30)

= 1,500,000

<u>b) Determine the new levels of consumer and producer surplus with a price ceiling of $15 </u>

Pc (ceiling price ) = $15

Qd = 200,000 - 4000 ( 15 )  = 140,000

Qs = 20,000 + 2000 ( 15 ) = 50,000

∴ New consumer surplus = area ( a , Pc, b, d )

= ( 30 - 15 ) (50,000) + 1/2(50-30) (80,000) - 1/2 (80,000 - 50,000 ) (37.5 - 30)

   = 1437500

New producer surplus = area ( Pc , b, e 0 )

= ( 15 ) ( 50000) - 1/2 ( 50,000 - 20,000 ) (15)

= 525,000

7 0
3 years ago
Macroeconomics is best defined as the study of
just olya [345]

Answer:

1. the overall operation of the national and global economy.

2. The B she received on the exam.

3. the slope of the graph is negative.

4. the slope of the graph is positive.

5. graphically illustrates the concept of scarcity.

6. increasing opportunity cost.

Explanation:

1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.

Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. The opportunity cost of going to the beach is the "B" grade she received on the exam.

In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.

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An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.

4. When two variables have a direct relationship, then the slope of the graph is positive.

A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.

5. The production possibilities curve graphically illustrates the concept of scarcity.

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.

The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.

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2 years ago
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The type of diversity issue that the case described was <u>E. age</u>.

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Learn more about workplace age discrimination here: brainly.com/question/7239617

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A well-defined marketing strategy should center on the firm's value proposition, which tells customers what the company stands for, how it operates, and why it deserves their business.

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