To determined the profit is being maximized, you need to make sure that the difference between the total revenue and total cost is greatest. So the formula we need to use in determining the maximized profit is
Profit = Total Revenue - Total Cost
Given
TR = $5
TC = $4.10
Solution
Profit = 5 - 4.10
= 0.9
The answer is 0.9.
Answer:
Consists of goods being manufactured that are incomplete.
Consists of materials to be used in the production process.
<span>Hi there,
100% - 15% = 85%
85% = 85/100 = 0.85
This is your factor of depreciation
The power it is raised to equals the years
20,000 x 0.85^3
= <span>12282.5
</span>
I hope my answer has come to your help. Thank you for posting your question here in Brainly.
</span>
Answer:
790,000, i.e. $79 x 10,000= 790,000
. Yes, the manufacturer should change the design. 666,667 (when it goes from 1/10,000 to 1/15,000). It is 500,000 (when it goes from 1/10,000 but 1/20,000)
. No, the benevolent social planner would not agree with the manufacturer's decision.
Explanation:
In the estimates provided by the manufacturer, the total cost of the design is equivalent to $79 x 10,000= 790,000. There should be an alteration in the design to remove the necessary precautions. If the probability is different from the estimate provided by the manufacturer, the planner will disagree with the decision made by the manufacturer. For example, a change to 1/15000 will make the total cost to be approximately $666,667.
Answer: The correct answer is "C. produce because revenue of $1 comma 000 is greater than fixed costs.".
Explanation: The firm should produce because the revenue of 1000 is enough to cover the fixed costs and part of the variables (1000 - 800 - 600 = (-400)) so that the loss is less than if it stopped producing despite the avoidable costs (800 - 350 = 450) since if it stopped producing it would have a loss of $ 450 and producing it would have a loss of $ 400.
