A charter flight charges a fare of $240 per person plus $5 per person for each unsold seat on the plane. If the plane holds 134 passengers and if x represents the number of unsold seats, an expression for the total revenue received for the flight is R(x) = (134-x)(240 + 5x). Determine the number of unsold seats that wil produce the maximum revenue. A. 48 OB. 86 OC. 38 OD. 43 *NK

Q: Which of the following is considered a factor of production? A) Money B) Labor C) Stocks and bonds…

A: Factors of production are the resources used to create goods and services known as the production…

Q: On the graph below click on the line AD1 and drag it up and to the right

A: The below graph is AS / AD model in long run. The vertical line represents the long run AS.  Due to…

Q: In the circular flow of economic activity, there are two kinds of markets in which firms and…

A: The unending cycle of capital and money movement through an economy is known as the "circular flow…

Q: Please explain two principal variables that have determined the commodification by giving examples

A: Business and Economics are the two principal variables that have determined the commodification…

Q: How do i trace this scenario on the circlar flow model, firms inventories unexpectedely rise?

A: We see a two-sector circular flow diagram with households and business firms. In this model…

Q: What is it meant by the Laffer Curve ? Graphically Illustrate

A: Tax is a compulsory payment that is imposed by the government either directly or indirectly on the…

Q: When lottery tickets cost $2, Shirley Jackson purchases 10 per week. When they cost $3, she…

A: Arc price elasticity is the elasticity of one variable with respect to another  between two   given…

Q: how can a firm mantain a smooth production schedule even when sales are fluctuating? what are the…

A: Production is the combination of different inputs and materials to manufacture the output for…

Q: In a simple model of the supply and demand for pizza, when aggregate income increases, the price of…

A: Demand refers to the consumer's desire to buy any commodity or service. There exists a negative…

Q: Explain the term random walk in consumption. Under what conditions will consumption follow such a…

A: Random walk in consumption:- Since consumers usually modify regular consumption whenever they get…

Q: Relationship between LAC and LMC curves in economics

A: Costs are the expenses that firms incur during the production processes. The firm’s costs depend…

Q: Can MPC be negative or greater than 1? Why or why not

A: Marginal propensity to consume (MPC):  MPC measures the change in spending on consumption with the…

Q: Why is this economic measuresignificant?

A: Economic growth expands the capacity of the state as well as the supply of public goods. Growth…

Q: What are the relationships between TP, MP and AP curves?

A: The additional quantity of output produced as a result of using more input is referred to as…

Q: In the graph below, the firm experiences IRTS CRTS and DRTS $/Qt SRATC(K,) SRATC(K,) SRATC(K,)…

A: Long run average cost is the locus of minimum points of short run average cost curves. It is a U…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes

A:

Q: Quantity of Potato Chips E Quantity of Diet Coke Refer to the figure. What point does NOT represent…

A: The graph illustrates a budget line representing the maximum combinations of Potato Chips and Diet…

Q: explain and illustrate laffer curve

A: Laffer curve is given by economist Arthur Laffer which shows relation between tax rate and tax…

Q: Suppose the order-up-to model is used to manage inventories. The firm is planning changesthat will…

A: Order up to level: When stock levels are occasionally surveyed, a measure of the thing is requested…

Q: Ex. The monthly consumptive below:- use values for rice are givern July Sept. Oct. Nov. June Aug.…

A: Formula to be used: Total seasonal consumption = sum total of all months consumption Total seasonal…

Q: Tools DS voiding 4. Using the rule of 70 Consider an imaginary economy that has been growing at a…

A: The rule of 70 permits you to calculate how long the amount invested will double. For this, just…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes

A:

Q: Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase…

A:

Q: a. The size of its recessionary gap is $ b. The size of this gap as a percentage of its actual GDP…

A: Okun's Law is an empirically observed relationship between unemployment  and losses in a country's…

Q: Circular-flow diagram shows how dollars flow through markets among households and firms Select one:…

A: The circular flow model shows how cash/dollar travels through society. Cash streams from…

Q: 5. Construct the budget line equation for the GL line. 18 R 10 10 15 Quantity of X Quansity of Y

A: The budget line LM passes through (0,10) and (15,0) and the budget line RS passes through (0,18) and…

Q: requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.20 unit from…

A: A consumption matrix displays the share of each sector's output that each sector, including itself,…

Q: If the budget line rotates from blue to red. Consumption Next Year B Consumption Today The interest…

A: since you have asked multiple questions and according to policy we can solve only 1 question and for…

Q: The reason for TVC curve to be S shaped is the law of ___________

A: # the total variable cost is one of the constituent of the total cost of the firm. The total cost of…

Q: Suppose that Malika is a diligent third-year college student. One Friday, she decides to start the…

A: Total benefit refers to the total gain earned from an activity. Now, the marginal benefit is the…

Q: Furthermore, the demand curve will shift to the right by The new short-run equilibrium will be where…

A: In this scenario, we are presented with a forecast made by economists at the Federal Reserve…