The demand would go up because it would be more affordable
Answer:
$12,250
Explanation:
The profit-maximizing output is at MC = MR
We are given with Marginal Cost we need to find Marginal Revenue
MR = additional revenue for an additional unit
P = 150 – 0.25Q
Q = (150 - P)/0.25 = 600 - 4P
Total Revenue= P x Q = (150 - 0.25Q)Q
TR = 150Q-0.25Q^2
MR = will be the slope of the total revenue function:
dTR/dQ -0.5Q + 150
Now we equalize MR and MC
-0.5Q + 150 = 10 + 0.5Q
Q = 140
P when Q = 140
P = 150 - 0.25 Q = 150 - 0.25(140) = 150 - 35 = 115
Producer surplus:(using marginal cost)
(P(140) - P(0)) x Q140
(80 - 10 ) x 140 = 9,800
Consumer surplus:
(P0 - Pm ) x Qm /2
(150 - 115) x 140 / 2 = 2.450
Total Surplus: 9,800 + 2,450 = 12,250
Answer:
1. $25.84
2. $30.4
Explanation:
We know that
1. Price-earnings ratio = (Market price per share) ÷ (Earning per share)
17 = market price per share ÷ $1.52
So, the market price per share = $25.84 ($1.52 × 17)
2. Price-earnings ratio = (Market price per share) ÷ (Earning per share)
20 = market price per share ÷ $1.52
So, the market price per share = $30.4 ($1.52 × 20)
A(n) ________ is a party¹s official selection of a candidate to run for office.
b.nomination