1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
3 years ago
6

Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000

Business
1 answer:
Nikolay [14]3 years ago
4 0

Answer:

Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000

greeting cards is $4000. The price of a greeting card is $4.

What is this firm's economic profit (or loss)?

Explanation:

or loss

You might be interested in
uppose the government imposes a tax of T dollars per unit on the monopolist, andtherefore the monopolist’s marginal cost is now6
san4es73 [151]

Answer:

Explanation:

A monopolist Inverse Demand Curve is Given as: P=24-Q

And we are also Given the Marginal Cost (MC) = $6

The Revenue of the Monopolist would be:

R=PXQ = 24Q - Q

Marginal Revenue= 24-2Q

A) Monopolist would produce at the price corresponding to the quantity of : MR=MC

24 – 2Q = 6

20 = 24 – 6 = 18

Q = 9

SO the Profit maximizing price would be: P=24-Q = 24-9 = 15

Thus profit maximizing price and Quantity are: P^*= $15 and Q^*=9

Profit = Revenue - Cost

Cost = Average Cost * Quantity = 6Q

Profit = 24Q-Q2-6Q = 18Q - Q2 = 18 X 9 -9

Profit = 81

Part B::

Now Government imposes a tax, on this monopolist, T.

So new MC= 6+T

Lets solve for Profit maximizing Price:

MR=MC

24-2Q=6+T

Q=\frac{18-T}{2}

and Price:

P=24-Q = 24-\frac{18-T}{2}

P=15+\frac{T}{2}

Thus Now the monopolist would charge Half of this tax from consumers.

7 0
3 years ago
When did the indians Miggrate
luda_lava [24]
Answer: The Indians migrated over 30,000 years ago.
5 0
3 years ago
Read 2 more answers
Which gramm-leach-bliley act rule requires federal bank regulatory agencies, the sec, and the ftc to issue security standards fo
KatRina [158]
The answer is SAFEGUARD RULE. Safeguard rule requires financial institutions to develop written security information plan that list out in details the plans of the bank to protect and to maintain protection of the customers' non-public information.
5 0
3 years ago
Why has the use of teams in the workplace increased so dramatically?
marta [7]
I would say that the use of teams in the workplace follows their use in universities and colleges whereby many heads are better than one and also different types of expertise may be required at work such as geologists, electricicans, pipefitters, excavator operators, etc.
4 0
3 years ago
A trial period of work is referred to as
qaws [65]

Answer:

O probationary period

Explanation:

Probation refers to the set amount of time that an employee needs work before they are made permanent. The objective of the probation period is to give the employee time to learn the business process and procedure.  Probation enables employers to evaluate the new employees' work rate, discipline, habits, and attitudes before deciding whether to hire them as permanent workers or not.

From the data collected at probation, the employer may decide to promote the employee to permanent status, extend the probation period, or discontinue the worker. An employee under probation enjoys a salary and other benefits as the employer may decide.

4 0
3 years ago
Other questions:
  • Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and
    5·1 answer
  • Which type of law governs the relationship between private individuals or companies?
    6·2 answers
  • Which one of the following statements correctly states a relationship?
    10·1 answer
  • What were two problems the united states had with its money during its early history ?
    14·1 answer
  • Which of the following statements is true of standardized promotions?
    9·1 answer
  • John Park lives in Anytown, Missouri. He rents an apartment on Broad Street. He has one credit card with National Bank. He pays
    5·1 answer
  • SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face
    5·1 answer
  • Successfulness of the competition policy in South Africa
    6·1 answer
  • As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withh
    5·1 answer
  • What were the most important factors that led to the midwest becoming known as the rust belt?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!