The net profit of the company in this case is given by the subtraction of the income minus the costs.
We have then:
b (t) = r (t) - c (t)
b (t) = 15 * e ^ (0.19 * t) - 12 * e ^ (- 0.03 * t).
We must determine the number of years.
from january 1st in the year 2000 until january 1st in the year 2007:
t = 2007-2000 = 7.
We have then evaluating t = 7 in the function:
b (7) = 15 * e ^ (0.19 * 7) - 12 * e ^ (- 0.03 * 7).
b (7) = 46.99 millions of dollars
answer:
the net profit was 46.99 millions of dollars
Answer:
c. comparative advantage in
Explanation:
In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.
North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.
<span>The following are the main economic questions that all countries face:
</span><span>1What goods and services will be produced?
</span><span>3How will goods and services be produced?
</span><span>5Who will consume the goods and services?
</span>
These questions directly impact the supply and demand of goods and services that will be available for consumption within a given country.