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guajiro [1.7K]
3 years ago
9

g Suppose Marcia's Manioc Farm is a non-price discriminating monopolist producing manioc and is producing its profit-maximizing

level of output. Suppose further that at her current level of output, Marcia's average total cost is $1.50, her average variable cost is $1.00, and her marginal cost of producing an additional kilo of manioc is $1.40. Marcia's economic profit is _____ in the short run.
Business
1 answer:
KatRina [158]3 years ago
7 0

Answer: ambiguous

Explanation:

The profit will be calculated by subtracting the total cost from the total revenue. i.e. Profit = Total revenue - Total cost.

To know the value of the economic profit, the price is required but based on the information given in the question, the price was not given as we were given only the cost. There, in this case, the answer will be "ambiguous" as we do not have all the information required to solve the question.

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The ________ statement of a business report provides a clear description of the situation that created the need for the report.
Blababa [14]

Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

3 0
3 years ago
Which of the fallowing jobs duties would a software developer perform?
s2008m [1.1K]

Answer: A. Developing a product that is easy to use and meets a customer’s needs.

3 0
3 years ago
Read 2 more answers
The __________ Rate is the interest rate the Fed charges banks and thrifts to borrow to meet the reserve requirement.
adoni [48]

Answer:

Federal funds rate

Explanation:

The federal funds rate is the interest rate at which depository institutions (banks and thrifts) lend reserve balances to each other to meet reserve requirements.

Reserve requirements are the amount of funds required by the central bank  that banks should keep as reserves to meet liabilities

the Federal funds rate is currently  maintained at a range of 0% to 0.25%

5 0
3 years ago
Tasty Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the comput
Kay [80]

Answer:

0.95 and 1.06

Explanation:

The computation of the present value index is shown below:

Present value index = Present Value of net cash Flow ÷ Amount invested

So for each projects, it would be

Particulars                                         Des Moines             Cedar Rapids

Total present value of

net cash flow (A)                                  $712,500                $848,000

Amount invested (B)                            $750,000              $800,000

Present value index (A ÷ B)                   0.95                          1.06

4 0
3 years ago
Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 and Rasheed is willing
Romashka [77]

Answer:

Mark's individual consumer surplus is $10.

Explanation:

Mark and Rasheed are at the bookstore buying new calculators for the semester.

Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.

The price for a calculator at the bookstore is $65.

The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.

Mark's individual consumer surplus

= Price mark was willing to pay - Price he actually has to pay

= $75 - $65

= $10

4 0
3 years ago
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