Answer: Reduce output
Explanation:
According to the given question, the barrel O' Biscuits is one of the type of perfectly competitive organization in which its overall marginal cost increasing the company's marginal revenue.
For maximizing the profit of an organization then we should reduce the output as in the perfect competition the company majorly affected the output only and for shift the overall marginal cost of the company we reducing the output.
Therefore, Reduce output is the correct answer.
Answer:
They dont earn no more than $28,000 a year
Answer:
16.67%
Explanation:
Calculation to determine what percentage of your salary must you save each year
First step is to calculate the Annual savings
Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]
Annual savings=$5 million*0.07/(1.1^40-1.03^40)
Annual savings=$8333.88
Now let determine the percentage of the salary you must save each year
Proportion of savings=$8333.88/$50,000
Proportion of savings=0.1667*100
Proportion of savings=16.67%
Therefore the percentage of your salary that you must save each year is 16.67%
Answer:
Explanation:
incorrect answer
a credit balance of $7500
correct answer
a debit balance of $7500.
Answer:
The maximum utility is 16 utils
Explanation:
To maximize the utility we must choose the items that gave most utils.
Each item cost $1 and we have $4 to spend.
1 slice of pizza: 5 utils
2 slice of pizza: 4 utils
3 slice of pizza: 3 utils
1 soda: 4 utils
2 soda: 3 utils
3 soda: 2 utils
If we display them in a decrease order and we choose the first four rows.
1 slice of pizza: 5 utils (1 dollar)
2 slice of pizza: 4 utils (1 dollar)
1 soda: 4 utils (1 dollar)
3 slice of pizza: 3 utils (1 dollar)
2 soda: 3 utils
3 soda: 2 utils
Highlighted are the ones we must get to get the maximum utility.
The maximum utility is 5 utils +4 utils+4 utils+3 utils= 16 utils
