Suppose a perfectly competitive firm produces 40 units of output per-period (e.g., daily) and sells all units for the market price of $6. If average fixed cost is $2, average variable cost is $1, and marginal cost is $6, then the firm:i. is maximizing total profit by producing and selling 40 units of output
ii. earns a per-period total profit of $120
iii. earns a per-period total profit of $240
iv. should close down in the short run and suffer a loss equal to $80

Answer:

Correct option is (b)

Explanation:

Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.

Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.

Answer;

Work addiction.

Distrust among team members.

High attrition rates.

Explanation:

Work addiction is good but working every time is overburdening yourself, that's what William is doing. If he continues the same routine there are indications that he will not put the right amount of energy in the right path.

Team would be disappointed with him, they won't support much at the later stage and may think of not to join William's team, as he is not considering his team while making his decisions.

There will be surely some harmful effects on his physical and as well as mental health, as he would be rejected by his peers.  

Answer:

1754.39 helped last month

Explanation:

Let's just get the answer. Then we can comment.

Let last month = x

x + 14% * x = 2000                If we take 14% of last month and add it to last month, we should be able to get 2000.

x + (14/100)x = 2000             14/100 = 0.14

x + 0.14x = 2000                   Add 0.14x and x

1.14 x = 2000                         Divide by 1.14

1.14x / 1.14 = 2000/1.14

x = 1754.39                            Last month's help number was 1754.39

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Is this correct?

0.14 * 1754 = 245.61

If you add this to 1754.39, you should get 2000

1754.39

245.61

2000.00 which is exactly what we should get.

Answer:

1720

Explanation: 14 percent of 2000 is 280. 2000-280=1720