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
HACTEHA [7]
3 years ago
11

A Virginia county is considering whether to pay $50,000 per year to lease a prisoner transfer facility in a prime location near

Washington, D.C. They estimate it will cost $50 per prisoner to process the paperwork at this new location. The county is paid a $75 commission for each new prisoner they process. What would be the county's annual profit if they were to process 4,000 prisoners per year at this new location
Business
1 answer:
Fudgin [204]3 years ago
3 0

Based on the information given  the county's annual profit if they were to process 4,000 prisoners per year at this new location is $50,000.

Annual profit=Total revenue-Total cost

Where:

Total revenue=(4,000×$75)=$300,000

Total cost=[(4,000×$50)+$50,000]=$250,000

Let plug in the formula

Annual profit=(4,000×$75)-[(4,000×$50)+$50,000]

Annual profit=$300,000-($200,000+$50,000)

Annual profit=$300,000-$250,000

Annual profit=$50,000

Inconclusion  the county's annual profit if they were to process 4,000 prisoners per year at this new location is $50,000.

Learn more here: brainly.com/question/13308210

You might be interested in
The distinction between a normal and an inferior good is
Romashka-Z-Leto [24]

Answer:

The correct answer is C. when income​ increases, demand for a normal good increases while demand for an inferior good falls.

Explanation:

The normal good is that whose quantity demanded for each of the prices increases when the rent increases. A lower good is one whose quantity demanded decreases when income increases. The inferior goods are usually those for which there are higher quality alternatives. When it comes to a normal good, increasing the income of the consumer increases the quantity demanded at each price. Causing a shift in demand to the right.

5 0
3 years ago
When modeling economic situations using game theory, the economic participants are generally referred to as:?
zysi [14]

In game theory, economic participants are referred to as "players". Game theory consists in the use of mathematical models in order to predict the behaviour of rational decision-makers in cooperative and competitive environments.

4 0
3 years ago
Read 2 more answers
I would like you to analyze our current pricing scheme on our Chevy Tahoe in the Southwest region and give me a recommendation o
Montano1993 [528]
I mean if you asking me I would recommend anything up there if it doesn’t matter (:
7 0
3 years ago
Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factorie
Volgvan

Answer: a. increase

Explanation:

7 0
3 years ago
When a natural monopoly exists, it is
goblinko [34]
D always cost effective for government owned firms to produce the product
4 0
3 years ago
Other questions:
  • Based on the company’s 2013 10-K, how much long term debt is maturing between 2014 and 2016? Please provide your answer in milli
    12·1 answer
  • Demers Inc. reported the following data:
    9·1 answer
  • Perfect competition is characterized by all of the following except A. homogeneous products. B. sellers are price takers. C. hea
    6·1 answer
  • Jason, a high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. j
    8·1 answer
  • Under the Investment Advisers Act of 1940, which of the following statements are TRUE regarding the investment adviser's relatio
    6·1 answer
  • Citizen suits allow an individual to do all of the following except _____.
    9·1 answer
  • Suppose you transfer $500 from your checking account to your savings account. With this transaction, M1 _________ and M2________
    8·1 answer
  • 16. Break-even 1
    9·1 answer
  • Suppose that Italy and Sweden both produce beer and olives. Italy's opportunity cost of producing a crate of olives is 5 barrels
    14·1 answer
  • Question Content Area The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system wo
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!