The below table shows the total revenues and total cost of running a pharmacy. The horizontal axis shows the quantity of medicines sold in in packs. The vertical axis shows both total revenue and total costs, measured in dollars. With the available information, assuming the pharmacy operates in a perfect competition graphically represent the data and also calculate the maximum profit comparing Total revenue and Total Cost Total Total Quantity Cost Revenue 52 10 100 50 20 120 90 30 136 130 40 148 170 50 160 210 60 175 250 70 200 290 80 240 330 90 306 370

Q: dv scarcity a. A system used to manage limited resources for the production, distribution, and…

A: a.  Economy : A system used to manage limited resources for the production, distribution, and…

Q: Typed plz and Asap please provide a quality solution take care of plagiarism

A: The question is asking for a successful solution that has been adopted by many countries to address…

Q: How do economic principles impact healthcare decision making and planning?

A: Healthcare, frequently composed as health care, is an expansive and multifaceted term that…

Q: A decrease to a binding price ceiling will always result in Supply increasing Quantity demanded…

A: It is a maximum legal price(P) set by the government for a particular service or item. It aims to…

Q: If the town's MARR is 10% per year, use the B-C ratio method to determine which system is best.…

A: The capital investment cost is the initial cost of investing in a specific project or asset. The…

Q: Which of the following is a part of the current account in the balance of payments? A) Foreign…

A: Balance of payment is the systematic record of all economic transactions done by residents of a…

Q: 11-22 Gini impurity. Laurie Rech is a management accountant at Donnelly Bank, which has recently…

A: Gini impurity refers to the measure used in the decision-making process when data sets are impure.…

Q: Suppose that in 2020, a typical U.S. student attending a state-supported college bought 10 textbooks…

A: Given    Price of textbook ($) price of 25 credit hours course ($) 2020 90 $380 per credit hour…

Q: Isabella and Antonio are auto mechanics. Isabella takes 4 hours to replace a clutch and 2 hours to…

A: Opportunity cost is the decrease in production of one good needed to produce more units of the other…

Q: A firm in a competitive market receives $1,040 in total revenue and has marginal revenue of $20. The…

A: A firm in a competitive market has constant marginal revenue (MR) equal to the price (P). Further,…

Q: A problem often discussed in the engineering economy literature is the “oil-well pump problem.' Pump…

A:

Q: Price and cost (cents kilowatt hour) MSC 20 15 S= MC 10 5. 150 200 Quantity (billions of kilowatt…

A: The Marginal Private Cost (MPC) represents the producer's actual cost of production. The Marginal…

Q: If the market for hula hoops is characterized by a very inelastic supply curve and a very elastic…

A: The issue addressed in this case is analyzing an outward shift of the demand curve for hula-hoops,…

Q: This figure describes the outcomes of two treatment alternatives for chronic obstructive pulmonary…

A: Given information Two Treatment Alternatives Treatment A (Standard) Cost = $ 15,000 Treatment B…

Q: When disposable income is $6,000, government purchases are $800, consumption is $4,000, and tax…

A: This question is based on the loanable funds market, and the loanable funds market assumes that…

Q: Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06.…

A: Total revenue and variable costs: Total revenue is the total value of the commodities produced and…

Q: From the data in this table, what would A be in 2021? Capital (2021 values in millions) $10,000,000…

A: It refers to the innovations and practical processes that help the individual to ease their…

Q: What protections were put in place to reduce online access to prescription drugs?

A: Prescription drugs are often powerful drugs that require a doctor's or dentist's prescription.…

Q: Typed plz and asap please provide me a quality solution and unique expert solution take care of…

A: The objective of this question is to determine the firm's short-run decision based on the given…

Q: j) If All-Leather produced the amount of leather given in your answer to (h), how much would Enjoy…

A: If All-Leather produced the socially optimal level of leather, which is 10,000 units, then Enjoy…

Q: Table for Exercise 24: Year Quantity of Labor 2022 Productivity of Labor $ 155 2023 $ 180 1,320…

A: The amount of services or items produced by a business, industry, or economy over a specific time…

Q: Directions: Calculate the per unit opportunity cost for soybeans and sugar in the United States and…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: 1. The inverse demand curve for a monopolist's product is: P-100-2Q and the cost function is:…

A: Inverse demand function  P = 100-2q  Cost function  C(Q)= 10+2Q For the profit maximization…

Q: Is Healthcare like any other commodity

A: Healthcare is one of the industries of service sector that provides facilities related to health…

Q: How much will $4,200 be worth in 10 years with 7% interest compounded continuously? **** The future…

A: Interest is compounded annually when the interest accrued on the initial principal and the…

Q: Please help. Screen shoot attqached

A: In the production possibility frontier (PPF) graph, points located in the below PPF curve is…

Q: The part of the policy which may request an insured to submit as a proof of loss is called the…

A: In Insured policy, Conditions are provisions inserted in the policy that qualify or place…

Q: At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide…

A: Demand refers to the quantity of a good or service that consumers are willing and able to purchase…

Q: Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013…

A: CPI = (cost of basket in current year/cost of basket in base year )*100 The base year is 2013…

Q: If a price ceiling is ineffective and it decreases: Tip: Remember where should the price ceiling be…

A: Price ceiling refers to the legal maximum price that can be charged for a good. Any other price is…

Q: Please see attached.

A:

Q: Along the vertical axis of the production function we typically measure O a. revenue. b. the…

A: A production function's vertical axis usually shows the overall output or level of production…

Q: You observe that the inflation rate in the United States is 3.6 percent per year and that T- bills…

A: Inflation refers to an inexplicable hike in goods and services price level during a given period of…

Q: The table shows the costs and revenue for Glitter Ltd., a monopolistic competitor that sells…

A: Total revenue (TR) is the revenue earned from selling all the output at the market price. The…

Q: Which of the following did A. W. Phillips demonstrate in his famous Phillips curve? An inverse…

A: An economic theory proposed by A. W. Phillips states that inflation and unemployment have an inverse…

Q: This exercise examines the effect of a low crop yield in North Dakota on the price of wheat in the…

A: The equilibrium in a market is reached at the point of intersection of demand curve and supply…

Q: Suppose the equation for the demand curve in a market is P-100-1.5Qp, where Qn is the quantity…

A:

Q: 5. Would the United States benefit from a trade? Why or why not (use data from the chart to explain…

A: Comparative advantage occurs when a country is able to produce a good or a service at a lower…

Q: What statement best describes a product modification changing the amount of management time spent…

A: The Product modification refers to modify or change in the product or service. In simple terms, it…

Q: Please give me a detailed, clear graph and Explanation with four underlines.  Thanks

A: In economics, market structure describes how enterprises are distinguished and classified depending…

Q: Price and cost (dollars per pound) MSC 20 MC 10 MSB 250 400 Quantity (per boat) The figure shows the…

A: A deadweight loss is a cost to society due to market inefficiency as the economy is not having…

Q: H. What G. What is the opportunity cost of the first eleven bottles of water produced? is the…

A:

Q: $0 to $8,000 10 15 $8,001 to $35,000 $35,001 to $70,000 $70,001 to $144,000 $144,001 and up ding to…

A: 1) According to the chart income tax is progressive tax The tax rate rises as income rises so the…

Q: 2.7 The concept of economies of scale refers to lower per- unit production costs at higher levels of…

A: The economies of scale takes place when there is reduction in the cost of production with the…

Q: 3. The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost stays the same where as variable…

Q: According to the dynamic AD-AS model, what is the most common cause of inflation? O A. Total…

A: Dynamic AD-AS model presents a dynamic short-run theory of output, inflation, and interest rates.