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- (d) Suppose the demand function is p = 20 = x. At what price or output is the revenue maximum? What is the magnitude of the maximum revenue? Graph the revenue function and the marginal revenue function. Suppose that MC = 0; what is the profit - maximizing price and output? IMPORTANT NOTE: PLEASE DRAW THE REVENUE FUNCTION AND THE MARGINAL REVENUE FUNCTION IN A CHART. *** not an illustrating explaing how the chart will look like. I want the actual chart drawn. please.Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.10 - You were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing. What is the true cost of going skiing? Now suppose that you had been planning to spend the day studying at the library. What is the cost of going skiing in this case? (Answer the question according to the definition of opportunity cost.) (5 points)
- Second Example – Make vs. Buy • A manufacturer makes 3 types of products, requiring differing amounts of time & raw material: • Model A: 2 Hours of Wiring, 1 Hour of Harnessing, $50 Raw Material • Model B: 1.5 Hours of Wiring, 2 Hours of Harnessing. $83 Raw Material • Model C: 3 Hours of Wiring, 1 Hour of Harnessing, S145 Raw Material • They received a $750,000 order for the following units: 3,000 Model A, 2,000 Model B, 900 Model C • Unfortunately, the manufacturer only has 10,000 hours of Wiring and 5,000 hours of Harnessing available. • Luckily, they can buy additional units to fulfill the order from another manufacturer at the following costs: • Model A: $61 • Model B: $97 • Model C: $145 • What is the maximum profit the manufacturer can make while fulfilling the order? And how many units are bought (subcontracted) from the other manufacturer?2. Compute for the number of blocks that an ice plant must be able to sell per month to break-even based on the following data: Cost of electricity paid per block = P20 Tax to be paid per block = P2 Real state tax = P3,500 per month Salaries and wages = P25,000 per month Others = P12,000 per month Selling price = 55 per blockIII. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 6. What is the Supply Function? 7. What is the Equilibrium Point? IV: GRAPHING: 12 10 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. Q 4 6 Using the data above, graph properly and with proper labels…
- III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. ANSWER 567Question: (a) Differentiate between income tax and sales tax. Explain both of these types with the help of examples. (examples are must) (b) "Land" is not considered as a depreciable property. WHY?PI= NI-retained corporate profits + net transfer payments - indirect tax National income: 19,786Less:Corporate profits with inventory valuation and capital consumptionadjustments -2,771Taxes on production and imports less subsidies -1,182Contributions for government social insurance, domestic -1,541Net interest and miscellaneous payments on assets -644Plus: Personal income receipts on assets 3,202Plus: Personal current transfer receipts 4,617 Personal income equals : ?
- U.S. utility-scale electricity generation by source, amount, and share of total in 20211 Preliminary data as of February 2022 Energy source Billion kWh Share of total Total - all sources 4,116 Fossil fuels (total) 2,504 60.8% Natural gas 1,575 38.3% Coal 899 21.8% Petroleum (total) 19 0.5% Petroleum liquids 11 0.3% Petroleum coke 0.2% Other gases 11 0.3% Nuclear 778 18.9% Renewables (total) 826 20.1% Wind 380 9.2% Hydropower 260 6.3% Solar (total) 115 2.8% Photovoltaic 112 2.8% Solar thermal 0.1% Based on the table above, electricity generated by resources other than fossil fuels is closest to Source of data: https://www.eia.gov/tools/faqs/faq.-php?id%3D427&t3D3 60% O 20% O 40% O 30%Aq . Compute for the following equations( Ay A. 0.5Y = 100 -0.25QX.A32. With reference to the economy, Uniform Recall Period, Mixed Recall Period and Modified Mixed Recall Period are methods used to measure (a) Poverty Line (b) Extent of Human development (c) Impact of industries on climate change (d) Working age population ratio