Answer:
Explanation:
1) Revenue  $540,000
less: Salaries for drivers  (390,000)
Fuel expense  (54,000)
insurance  (74,000)
Division line  (44,000)
Net loss  (22,000)
If division is eliminated the income would increase by $22,000
So it should be eliminated.
2) Decrease in income = $600,000 - ($540,000+$22,000)
= $38,000
3) What is the minimum amount of revenue required = 600,000 - 38,000 = $562,000
 
        
             
        
        
        
Answer: communication skills
computer skills physical fitness
 
        
                    
             
        
        
        
Answer:
D: increase investment projects by firms
Explanation:
When interest rates are lowered, it is a green signal for small and medium size enterprises to borrow money for their investment projects.
 
        
             
        
        
        
Answer:
$52
$ 1.33
- consumer price will increase 
- consumer surplus will decrease
- import will decrease 
- reduced export
- portends gloom for the general outlook for the economy
Explanation:
Given domestic demand curve, S(p) = 20p⁻⁰°⁵
the domestic supply curve S(p)= 5p⁰°⁵
world price is $7.00
using  calculus to determine the changes in consumer surplus
by consumer surplus means in this case supply exceeds demand
we establish the equilibrium point where the supply and demand functions meet or are equal
 solving 20p⁻⁰°⁵ = 5p⁰°⁵
      20/5 = p⁰°⁵/p⁻⁰°⁵ 
        4 = p⁰°⁵⁺⁰°⁵
       4= p = q which is the quantity produced 
      
consumer surplus =  maximum price willing to pay - Actual price
                              = ∫⁴₀  dp dp - p* q
                                =  ∫⁴₀20p⁻⁰°⁵ dp- 7* 4 
                               = 20∫⁴₀p⁻⁰°⁵ dp -28
                               = 20/0.5 p⁰°⁵- 28
                               = 40 *4⁰°⁵ - 28 =  $52 
producer surplus = it is a measure of producer welfare. It is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive 
thus  producer  surplus = p* q - ∫⁴₀  d(s) dp 
                                          = 7 * 4 - ∫⁴₀  5p⁰°⁵  dp
                                          = 28 - 5 ∫⁴₀   p⁰°⁵    dp
                                          = 28 -5 *2/3  p¹°⁵  
                                           = 28 -5 *2/3  4¹°⁵
                                           =$ 1.33
welfare from eliminating free trade 
- consumer price will increase 
- consumer surplus will decrease
- import will decrease 
- reduced exports
- portends gloom for the general outlook for the economy