Answer:
Output = 5
Explanation:
As per the data given in the question,
Output per firm :
Marginal cost = Average total cost
MC = ATC (Since in long run each type of firm is earning zero economic profit)
(49 + q^2) ÷ q = 2q
49 + q^2 = 2q^2
49 = q^2
q = 7
Average total cost = (49 + 49) ÷ 7
= 98 ÷ 7
= 14
Hence, Price = min ATC = MR = 14
Market quantity (Q)
= 49 - 14
= 35
Number of firms
= Total quantity ÷ Output per firm
= 35 ÷ 7
= 5
The trend this business is following is necessities, since those are things we need.
Answer: Goods and the services are exchanged
Explanation:
The circular flow of the economical activity is refers to the various types of economical relationship in the market economy and the money and the wages are the form which is basically used for purchasing the products and the services.
In the given factor market the various types of products and the services are get exchange by the interaction of organization and the household. It is also helps for calculating the specific national income.
Therefore, Goods and the services are exchanged is the correct answer.
Answer:
because you need to know certain things to be able to understand and properly do a job
Explanation:
The following equation of parabola is given:
p(x)= - 5 x^2 + 240 x - 2475
where p(x) = y
This is a standard form of the parabola. We need to
convert this into vertex form of equation. The equation must be in the form:
y – k = a (x – h)^2
Where h and k are the vertex of the parabola. Therefore,
y = - 5 x^2 + 240 x - 2475
y = -5 (x^2 – 48 x + 495)
Completing the square:
y = -5 (x^2 - 48 x + 495 + _) - (-5)* _
Where the value in the blank _ is = -b/2
Since b = -48 therefore,
y = -5 (x^2 – 48 x + 495 + 81) + 405
y – 405 = -5 (x^2 – 48 x + 576)
y – 405 = -5 (x – 24)^2
Therefore the vertex is at points (24, 405).
The company should make 24 tables per day to attain maximum
profit.
