Answer:
1. profit is maximized when Q = 6 bushels, from table
2. When MC increases by 0.5 at each level of quantity produced, setting P = MC for profit maximization
at output level = 6, P = 4, MC = 3.5
Q = 6 bushels
3. Profit = 24-15-0.5*6 = 6.00
The total profit Marjorie's mugs are = $2200
<h3>What is Variable cost?</h3>
Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.
<h3>What is fixed cost?</h3>
Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.
<h3>According to the given information:</h3>
Total mugs sold = 300
mugs sold at = 20
variable cost = 7
total fixed cost = 1700
find the profit:
profit = (300*(20-7) - 1,700)
= $2,200
The total profit Marjorie's mugs are = 2200
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Answer: Nothing
Explanation:
When Anastasia sells her Tesla common stock at the same time that Roman buys the same amount of Tesla stock, then Tesla will receive nothing.
Forur example, let's assume that Anastasia sells her Tesla common stock which was worth $2000 and Roman buys the same amount of Tesla stock, which was $2000. Then Tesla will get: $2000 - $2000 = 0. Therefore, the answer is nothing.
When a company is based in Boston then it is considered to be a Northeastern company.
<h3>What is a company located in Boston called?</h3>
Boston is in the Northeast of the country and it is known for its history of industrial leadership.
A company that is based here would therefore be considered a Northeastern company which affiliates them with the excellence of Boston industrial production.
Find out more on Boston as an industrial center at brainly.com/question/21175899.
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