Answer:
correct option is B. 40.5
Explanation:
given data
P = 78 - 15 Q
Q = Q1 + Q2
MC1 = 3Q1
MC2 = 2Q2
to find out
What price should be charged to maximize profits
solution
we get here first total revenue and marginal revenue that is
total revenue TR = P × Q .......1
total revenue TR = 78Q - 15Q²
and
marginal revenue MR = 
marginal revenue MR = 78 - 30Q
now we get here
marginal revenue MR = MC1 = MC2
put here value
78 - 30Q1 - 30Q2 = 3 Q1 or 33 Q1 = 78 - 30Q2 ......................................a
78 - 30 Q1 - 30 Q2 = 2 Q2 or Q2 = 78 - 30Q1/32 ................................b
by equation a and b we get here
33 Q1 = 78 - 30 (78 - 
)
so here Q1 = 1 and
Q2 = 78 - 
Q2 = 1.5
so that Q will be
Q = Q1 + Q2
Q = 1 + 1.5
Q = 2.5
now we get value of P that is
P = 78 - 15 Q
P = 78 - 15 (2.5)
P = 40.5
so charged to maximize profits is 40.5
so correct option is B. 40.5
Answer:
Mortgage Payable Table is prepared in an MS Excel file which is attached with this answer, please find it
Explanation:
The loan which is received by a person for purchase of real estate property or alternatively existing property owner to raise fund from the property. The mortgage are paid with interest over a specific period of time in installment of monthly quarterly semiannually or yearly.
Installment includes both principal payment and Interest Payment.
In this question The first payment on December 31, 2018 included
Total Payment = $37,092
Interest Payment = 385,000 x 5% = $19,250
Principal Payment = $37,092 - $19,250 = $17,842
The given statement " The market for factors of production connects spending by firms to household income " is TRUE
Explanation:
When goods and services markets were the only businesses open, corporations would ultimately have everything they wanted in a single business, consumers would have all the finished products and industry would end.
The word "factors of production" refers to everything a manufacturer uses to make a final product.
Types of production factors are labour (work was carried out by people), equipment (machinery for the processing of products), land and so on.
Job markets are the most widely contested type of a factor market, but it should be noted that output factors can take many forms.
Answer:
c. less interested in paying a premium for fair trade
Explanation:
Indeed, in this case, according to Debra, who serves as the vice president of Theo Chocolate, one of the results of offering simpler products is that people find it less interesting to pay a premium for fair trade.
