Answer:
Firm should operate.
Explanation:
Here, we are assuming that this is a situation of short run.
A firm will operate or shut down is totally dependent upon whether the firm will be able to cover its variable cost of not. If a firm will be able to cover all of its variable cost then this firm will not shut down and operates in the short run until it covers all of its variable costs.
In this case, given that,
Total revenue = $1,000
Total cost = $1,500
Variable cost = $500
Profits = Total revenue - Total cost
= $1,000 - $1,500
= -$500
Therefore, this clearly shows that this firm will be able to cover its variable cost of $500 with the total revenue of $1,000. That's why the firm remains in the market even there is a loss of $500.
Hence, this firm should operate.
Value of the house = $100,000
Amount owed = $60,000
Bank requirement is 90%
Therefore, the biggest home equity line of credit they can get is
= ($100,000 - $60,000) * 90%
= $40,000 * 90/100
=$36000
Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.
Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.
To know more about home equity line of credit visit:
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Answer: Hello your function is poorly written below is the properly written function f( L,K ) = 30K^(7/10) L^(4/5)
answer : K = $7000 , L = 600 hours
Explanation:
Given Function = f( L,K ) = 30K^(7/10) L^(4/5)
L = size of labor in workers-hours
K = daily capital investment
Daily budget = $14000
average wage of employee = $11.5
<u>Determine the combinations and capital expenditure that would yield max daily production</u>
we will apply the relation below
K^(7/10) = L^(4/5)
K^(7/10) ≈ L^(8/10) ( where L = 14000 - k )
K^(7/10) = ( 14000 - k )^(8/10 )
when we resolve the above equation
K = $7000
L = 7000 / 11.5 ≈ 608 workers
Answer:
The correct answer is B
Explanation:
Money is the term which is defined or described as any good which is used widely as well as accepted in the transactions comprising the transfer of goods as well as services from oner person to another.
The money could be differentiated among three kinds which are as: bank, commodity money and fiat money.
So, the money is states as anything which is used regularly as well as accepted generally in the economic exchanges or transactions.
According to the video, Impulsive Buying is unplanned buying with little investigation of alternative stores, brands, or prices, whereas, Comparison shopping is the process of considering alternative stores, brands, and prices.
Explanation:
- Impulsive buying refer to the phenomenon of buying something without any plan.
- It is just like you went to a shop you liked something and you bought it.
- Few example of impulsive buying are-buying chocolates,a scarf,a painting or even a furniture.
- Impulse buying is also termed as Pleasure buying.
<u>Comparison shopping </u>refers to the process of buying a product after comparing the price,brand with that of the other similar product in the market.