Answer:
The answer is b as he should order 1045 copies to maximize his profits.
Explanation:
As
So,
Given :
Thus
thus 
≈ 
Which is option b.
Answer:
The question is incomplete, but I guess its about variable and fixed inputs. In this case, Van's workers are considered the variable input since Van can hire or fire workers in the short run. While the ovens are fixed inputs, since Van cannot change the number of ovens due to space and legal limitations (lease contract).
The short run or the long run are not specific time frames, it is not like current or non-current assets or liabilities. The short run refers to a time period where a business can only change certain inputs, e.g. labor or hours worked. While the long run refers to a time period where a business can change all of its inputs. I.e. in the long run, all costs are variable.
E.g. If Van's lease contracts (restaurant and ovens) expired in 6 months, and he was then able to get a new place and enter new contracts, then the long run would be in 6 months. But under the current conditions, the long run is 4 years since that is when the lease contracts expire.
Answer:
APR
Explanation:
APR stands for annual percentage rate, which is the rate of interest that will be applied to the purchases Evan makes on his card. You typically want a card with a <em>low</em> APR rate.
Answer:
In deciding how many hours to work, Beulah will make a choice that maximizes her utility; that is, she will choose according to her preferences for leisure time and income.
Explanation:
People obtain utility from products they purchase and they also obtain utility from leisure time (leisure time is the time not spent at work). Generally, for people with low wages react to a higher wage by supplying a greater quantity of labor but for higher wages people who can earn so much that respond to a still-higher wage by working fewer hours.
