The cost for one Lyft ride entails $1 in car upkeep, $1.50 in fuel, $2 in taxes and fees, and $7 in foregone salary. What is the economic profit if a driver is paid $12 for one ride?

Q: CPU Total Marginal Total Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $100 3.0…

A: A cost-benefit analysis is the process of comparing the estimated costs and benefits associated…

Q: a. Using the midpoint method, what is the price elasticity of demand when the price changes from…

A: Elasticity can be calculated by using the mid point method. It is given by the formula Elasticity =…

Q: 10. A pet shop had a 220% increase in sales of turtles in 2008 over the previous year's sales. If…

A: 10.

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The demand curve depicts the combination of price and quantity demanded, keeping other factors of…

Q: is a budget item that is subject to a compulsory annual review. a, Interest on the national debt b.…

A: Budget is an important document that enlists the government’s annual receipt and expenditures. The…

Q: In 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If…

A: Total Revenue is the product of price and quantity  Elasticity measures the change in quantity due…

Q: Which of the following would be an example of a complimentary good in relation to a Honda Accord…

A: The goods that are used together are termed as complementary goods.

Q: Marty used to be a bartender making $5,000 a year but he quit in order to become a clown that does…

A: Explicit Costs are the actual monetary payments made in cash while conducting the business…

Q: A company produces a special new type of TV. The company has fixed costs of ​$451,000​, and it costs…

A: A firm’s profit is the excess of the revenue over the cost incurred during a given period. That is,…

Q: Mustang Mobile charges $15 for each tetrabyte of data used on its smartphone plans. Use this…

A: According to the question, Mustang mobile charges $15 for each terabyte of data used on its…

Q: On the following graph, use the green point (triangle symbol) to plot the annual total revenue when…

A: Price elasticity of demand measures the relationship between change in the quantity demanded of a…

Q: Explain Market pain.  Provide an example of a product that solves market pain.

A: Business specialists and investors allude to showcasing "torments" as a condition of occasions where…

Q: You are a division manager at Toyota. If your data analytics department estimates that the semiannua…

A: We have given the demand equation for the Highlander. P = 150,000 - 1.5Q We are required to find the…

Q: How has technology eased the task of assessing actual food costs and actual beverage costs?

A: In economics, technology is often regarded as the fundamental driver of economic progress in…

Q: A deli sells sandwiches for $8.50 each, on average. Material costs are $2.25 per sandwich and fixed…

A: Demand, in economics, refers to the quantity of a good or service that consumers are willing and…

Q: Clubs often do some buying and selling during fundraisers, working with a vendor to make mugs,…

A: a) (1) T-shirts to buy 288 @4.58 dollar  Therefore total cost = 288×4.58 = $1319.04 T-shirts to sold…

Q: Jordan is calculating the worth of a computer by comparing its costs and benefits, including…

A: In economics, costs are the money and non-money spent on goods and services. These expenses include…

Q: When the price of a gallon of milk increases from $6 to $8, quantity demanded decreases to 27…

A:

Q: BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville.…

A: The profit maximizing firm produces and sell output at the point where the marginal revenue is equal…

Q: On the following graph, use the green point (triangle symbol) toplot the weekly total revenue when…

A: Elasticity refers to the percentage change in quantity demanded with respect to the percentage…

Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: A garden shop determines the demand function q = D(x) = 4x + 500 during early summer for tomato…

A: The responsiveness or sensitivity of the quantity (Q) demanded or supplied of a good or service to…

Q: Which determinant of demand changes in the personal computer market as more individuals become…

A: In terms of economics, demand is the willingness of a consumer to purchase goods and services at a…

Q: After graduating, you start work as a management consultant. You are paid $210 per hour. One morning…

A: 1. $40,500 is what the first dealer requests. Given that this is more than the $40,000 average price…

Q: Using supply and demand, predict the impact on car prices if consumers income decrease.   Group of…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: The accompanying table shows the relationship between the speed of a computer's CPU and its benefits…

A: Marginal cost:Marginal cost is the additional unit that is added to the total cost. It is calculated…

Q: Honda Motor Company is considering offering a $2,000 rebate on its minivan, lowering the vehicle's…

A: Rebates are incentives that are provided by the sellers by selling the goods at a lower price. The…

Q: A company produces a special new type of TV. The company has fixed costs of $477,000, and it costs…

A: Profit target: the desired financial goal a company aims to achieve, influencing pricing and sales…

Q: Francine is a a dental floss tycoon living in Montana.  She faces the following demand curve for her…

A: Price elasticity of demand measures the responsiveness of the demand of a commodity to a change in…

Q: fewer models within each brand A. What research would you have done to determine which vehicle…

A: Restructuring is the act of reorganization of the various structures of a company including legal,…

Q: Price (dollars) 9. 7 5 10 14 18 22 26 30 Quantity (units per year) In the figure above, using the…

A: Price elasticity of demand can be calculated by finding the change in quantity demanded in response…

Q: A large company in the communication and publishing industry has quantified the relationship between…

A: Demand function is:-                                    P=150-0.02D TR= Price×Demand…

Q: Are Alarm clocks and automobiles substitute, compliments, or unrelated

A: Two goods are substitutes of each other if both can be used in place of another. Similar and…

Q: Lisa is a self-employed physical therapist who works from a rented space. Lisa charges $200 for a…

A: The profit will be calculated as total revenue minus the total cost i.e. Profit = TR - TC

Q: Question Google is considering an advertising campaign that is expected to increase the sales of its…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Dataware is trying to determine whether to give a $10 rebate, cut the price $6, or have no price…

A: Business economics is concerned with navigating complex market scenarios that necessitate extensive…

Q: uppose that Maria is starting a food ordering and delivery company. Customers order meals online.…

A: Marginal cost is the price of manufacturing an extra unit of a good.(MC). Fixed costs are those…

Q: Term used to describe demand that can be accuratelycalculated to meet the need of a production…

A: Demand shows the quantity of good and service that a consumer is willing to buy at the given price…