Answer:
$1,300
Explanation:
Calculation to determine what the market maker’s net profit from Brent’s transaction
First step is to calculate the bid-ask spread using this formula
Bid-ask spread=Ask price-Bid price
Let plug in the formula
Bid-ask spread=$31.80-$30.50
Bid-ask spread=$1.30
Now let calculate the Net profit
Using this formula
Net profit=Bid-ask spread*Shares resell
Net profit=$1.3 x 1000 shares
Net profit=$1,300
Therefore the market maker’s net profit from Brent’s transaction will be $1,300
1.5 units of good x can the consumer purchase if her income is $15 and she spends it entirely on purchasing good x.
A budget constraint in economics refers to all the combos of goods and services that a consumer can buy given current prices and his or her given income.
Consumer theory examines the parameters of consumer choices using the theories of a budget constraint and a preferential map.
In the two-good case, both theories have a ready graphical representation.
Consumers can only buy as much as their income allows, so they are limited by their budget.
The equation of budget constraint is:
*x +
*y = m
where
is the price of good X,
is the price of good Y,
x is units of good X,
y is units of goods Y,
and m is income.
m = 15
Px = 10
Py = 5
15 = 10x + 5y
Since she spends it entirely on purchasing good x
15 = 10x + 0
15 = 10x
x = 15/10
= 1.5
Hence, The consumer can purchase an amount of Good X = 1.5.
Learn more about income:
brainly.com/question/20820160
#SPJ4
Answer:
The three major macroeconomic goals of an economy should be economic growth, low unemployment/full employment, and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’
Explanation:
Answer:
d. $1,647
Explanation:
The computation of the ending inventory using the FIFO method under the periodic inventory system is shown below:
But before that first we have to determine the ending inventory units which is
= Beginning inventory + first purchase units + first purchase units + first purchase units - sold units
= 7 units + 17 units + 20 units + 18 units - 35 units
= 27 units
Now the ending inventory is
= 18 units × $62 + 9 units × $59
= $1,116 + $531
= $1,647
Answer:
<h2>Based on the information given in the question,Alejandro's company is producing 20 widgets total.Hence,the answer is option c. or 20.</h2>
Explanation:
- In Microeconomics,the average total cost of production is calculated by dividing the total cost of production by the number or quantity of output produced by any firm or company.In other words,Total cost of production divided by the average cost of production is the total number or quantity of output produced by any firm or company.
- Here,the average total cost of production is given as $250 and the total cost of production is $5000.
- Therefore,based on the formula to estimate average total cost of production,total number of widgets produced by Alejandro's firm=
.Thus,the total number of widgets produced by Alejandro's company is 20.