Answer:
the ariplane should sell the tickets at $100
Explanation:
the socially optimal fare maximizes the sum of consumer and supplier surplus:
total surplus at $200 = ($200 - $30) x 10 = $1,700
total surplus at $100 = ($100 - $30) x 25 = $1,750
total surplus at $40 = ($40 - $30) x 40 = $400
Answer:
Answer should be parties.
Explanation:
I could be wrong depending, but im 98% sure my answer is correct.
Hope this helps, sorry if it doesn't <3
Answer:
True
Explanation:
Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources
The question is looking at the effect of price on an industry. This is what microeconomics study
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good.
Ideally;
Inventory = Cost of raw materials + Cost of finished goods + Cost of work-in-progress
Assuming this ideal case, Harlan's inventory would be;
Inventory = $14,000+$25,000+$18,600 = $57,600
However, if work-in-progress inventory was listed as $0;
Then, the new work-in-progress would be;
Inventory = 57,600-18,600 = $39,000
This would reduce the inventory for Harlan Enterprises which may affect other financial ratios such as inventory turn-over ratio. As a result, such ratios will not reflect the exact position of the company.
