The information which can be deduced from this graph on green tea are:
B. Green tea is inelastic in terms of supply.
E. The supply of green tea does not change sharply with the price.
<h3>What is supply?</h3>
Supply can be defined as the total quantity of goods or services that are demanded by consumers at a given period of time.
<h3>The types of supply.</h3>
In Economics, there are two main types of supply and these include:
<h3>What is inelastic supply?</h3>
Inelastic supply is a situation that occurs when the quantity of goods or services that the producers are willing to produce, doesn't change as the price of goods or services increases.
Read more on supply here: brainly.com/question/11898489
In order to maximize profit in the short run; Company is to continue operating at that output level in the short term, since total revenue will cover all of the firm's variable costs and some of its fixed costs.
<h3>How to maximize profit?</h3>
Every firm in the market operates with the primary aim of making profit, which is different from the government that has a primary aim of creating welfare for the people. Thus, a profit-maximizing level of output is determined at the point where marginal revenue (MR) equals marginal cost (MC).
Finally, In order to maximize profit in the short run what the company should do is to continue operating at that output level in the short term, since total revenue will cover all of the firm's variable costs and some of its fixed costs.
Read more about Maximization of Profit at; brainly.com/question/13464288
Answer:
1. by offering coverage for mental health
2. The benefits are that Aaron will be more productive, which will lead to more output, as well as increased human capital as a result of his videos. The costs to Aaron are the time and money to take the course, along with any forgone income that could have been earned during this time.
Explanation:
