Answer:
2) the gold rules principle
Explanation:
The gold rules principle is important because companies maximize their profits when marginal revenue = marginal costs. That is why the revenue-cost relationship is so important, because higher revenue will only generate higher profit if costs are under control.
The answer is real GDP.
Real GDP per hour worked increases at a decreasing rate. A measure of a country's gross domestic product that has been adjusted for inflation is called Real GDP.
What is GDP?
- GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate.
- The monetary value of all finished goods and services made within a country during a specific time is known as GDP.
- GDP can be calculated in three methods using production, expenditures, or incomes. It can be adjusted for inflation and population to provider deeper insights.
- Real GDP takes account the effects of inflation while nominal GDP does not. GDP is a prominent tool to guide policymakers, investors and business in strategic decision making.
To learn more about GDP
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Answer and Explanation:
In order to know how this affects the production we will first find out the quantities produce before and after the technological advance.
Profit maximizing, MR = MC (Marginal revenue = Marginal Cost)
TR = P x Q
TR= (5900 - Q) x Q = 5900Q - Q^2
MR = 5900 - 2Q (Taking derivative)
Now, MR = MC
5900 - 2Q = 800
Q = 2550
After Technological advancement,
MR = MC
5900 - 2Q = 500
Q = 2700
After technological advancement, Backspot Computers are able to produce more quantities. An increase of 150 units. The technological advancement has helped them.
Answer:
C. $ 0.
Explanation:
Provided that
Book value of the old machine = $81,300
The Fair value of the old machine = $91,400
So, we can see that there will be a gain of
= Fair value - book value
= $91,400 - $81,300
= $10,100
But this gain would not be recognized in case of lacking commercial substance. So, there would be zero gain or loss