Answer:
400,000 gallon's of fuel oil
200,000 gallon's of gasoline
Explanation:
Constraint 1: you must produce at least 2 gallons of fuel oil for every gallon of gasoline
So for every three gallons you must have 2 fuel oil and one gasoline.
Thus 600,000/3 = 200,000
200,000 × 2 = 400,000 fuel oil 200,000 × 1 = 200,000 gasoline
Constraint 2: is that at least 150,000 gallons of fuel oil must be produced. 400,000 is greater than 150,000
a list of potential customers for your new product would be created using accounting
At the profit-maximizing output, this firm's total profit will be $280.
<h3>Who is a monopolist?</h3>
A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70
Total profit = 70 x 4 = $280
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Answer:
The first one offers the best financial advantage
Explanation:
After reading carefully both offers, the first one does not imply any charges on the employee because both, health insurance and vacations, are full covered. On the other hand, when we analyze the second offer, despite the base salary is $5000 higher, the health insurance is deducted from the employee's pay check. Comparing both offers with numbers we have:
Finally, we can conclude that the first offer has a $720 advantage over the second one. Therefore, it is better to choose it.
Answer:
do not Install guard rail because the guard rail cost exceed the expected benefits
Explanation:
given data
guard rail cost = $70,000
average damage = $10,000
guard rail prevent = 5 vehicles
to find out
What should the county do
solution
we know here guard rail cost is $70,000
but expected benefits = $10,000 × 5
expected benefits = $50,000
so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits
