Answer:false
Explanation: i think
Please help!
BigMed, a profit-maximizing firm, has a patent on a medical device, making it the only producer of that device. The graph above shows BigMed's demand , marginal revenue , average total cost , average variable cost, and marginal cost curves
(a) Calculate BigMed's total revenue if the firm produces the allocatively efficient quantity . Show your work
(b) Starting at a price of $100, if Big Med were to increase the price by 2%, will the quantity demanded decrease by more than 2%, by less than 2%, or by exactly 2%? Explain
(c) At a quantity of 10 units, is BigMed's marginal product increasing , decreasing , or constant ? Explain
(d) Identify the quantity that maximizes BigMed's profit. Explain. (e) At the quantity identified in part (d ), does BigMed earn a positive economic profit , a negative economic profit , or zero economic profit ? Explain.
Bigmed's total revenue if the firm produces allocative efficient quantity will equal $5,700.
What is Allocative Efficient Quantity?Allocative efficiency in economics is triggered when price = marginal cost. The point on the graph where this happens is the point where price equals $100 and quantity = 57.
Because revenue is price x quantity, we therefore have:
$100 * 57 = $ 5,700.
Hence A = $ 5,700
B) With a change in the price of 2% the quantity demanded will most likely remain at 57 or very close to 57 because in that region, the price is inelastic.
This can be proven by calculating the demand reaction when the price moved from $68 to $100. The price elasticity for that change in price was -0.78 (that is, inelastic).
So if for a price change of 32% the quantity changed was negligible, then 2% will be more inelastic.
C) At the quantity demanded of 10 units, there is insufficient information to determine the condition of the marginal product.
D) Profit is always maximized at the point where Marginal Cost (MC) = Marginal Revenue (MR). That is MC = MR.
Hence the quantity (Q) that maximizes BigMed's profit is 44 Units.
E) At the quantity identified above, the firm is earning negative economic profits which is a loss. This is because of the price where MC=MR is lower than the Average Total Cost (ATC).
Learn more about allocative efficient quantity at:
https://brainly.com/question/14471969
what is the harrod domar growth rate?
Answer:
Warranted Growth Rate. In the Harrod-Domar model, the growth rate at which an economy will neither expand unsustainably nor go into recession. The warranted growth rate is equal to the savings rate of the economy divided by its capital output ratio.
Explanation:
Answer:
The Harrod–Domar model is a Keynesian model of economic growth. It is used in development economics to explain an economy's growth rate in terms of the level of saving and of capital. It suggests that there is no natural reason for an economy to have balanced growth.
What is huggies? XD do some people on brainly require this?
Answer:
Huggies is an American brand of disposable diapers and baby wipes that is marketed by Kimberly-Clark. Huggies were first test marketed in 1968, then introduced to the public in 1978 to replace the Kimbies brand.
yes people on brainly require this
the child..
Which of the following is true about culture?
Answer:
I can not see the items to choice.
Using the vertical long-run aggregate supply curve, an increase in aggregate demand would have which of the following effects in the long run?
No change in aggregate output and a rise in the price level.
No change in aggregate output and a fall in the price level.
A decrease in aggregate output and a fall in the price level.
An increase in aggregate output and a rise in the price level.
How many founding fathers signed the declaration of independence?.
171) Sociology studies why a person decides to join certain groups.
A) False
B) True
Which statement best expresses the significance of the requirement of precedent in legal argument?
The significance of the requirement of precedent in legal argument is best expressed by the fact that similar cases must be decided similarly.
What is a legal argument?It should be noted that a legal argument simply means an argument using laws to deduce conclusions.
In this case, the significance of the requirement of precedent in legal argument is best expressed by the fact that similar cases must be decided similarly.
Learn more about legal arguments on:
https://brainly.com/question/9524284
The country of Doomsville is currently in a recession. The government of Doomsville, in an effort to maintain its tax revenues in a time when incomes are falling, decides to increase the tax rate. Would this policy help or hurt the recession?
This policy would have an unknown effect on Doomsville’s economy.
This policy would likely make Doomsville’s recession worse.
This policy would likely have no effect on Doomsville’s economy.
This policy would likely help Doomsville recover faster.
What Usually becomes important in adolescence and early adulthood?
Peer group, Family, Mass media, or School
Early adulthood developmental stage by the time we reach early adulthood, our physical maturation is complete, although our height and weight may increase slightly. In early adulthood, our physical abilities are at their peak, including muscle strength, reaction time, sensory abilities, and cardiac functioning.
Answer is Mass media
In epic 2015 epic is a system that
Answer:
EPIC is full feature procurement management system. EPIC improves Procurement Agent productivity, reduces cost for paper and storage and increased quality in procurement processes. The EPIC application is comprised of business modules that support the following procurement process flow: Purchase Requisition Management
Explanation:
16. One of the following causes market failure. Identify it. A. production efficiency C. perfect competition B. A locative efficiency D. A locative inefficiency
Answer:
D
Explanation:
Allocative inefficiency is bad and causes the economic market to crash because it is the opposite of allocative efficiency, which essentially is good for the market because it can increase the amount of money earned and has many monopoly effects. The price can increase and rise above the margin as well. People won't buy it if it is expensive.
Differentiate between the learning activities that are applied in the following learning programmes:
Dorling Kindersley's Learning Ladder Curriculum-Based Learning Series and Big Boet Educational
Software.
The main difference between the learning activities that are applied in the two learning programs is that Dk provides for a broader age range of kids whilst the other is focused on a particular age group.
What is an Educational Software?This refers to the use of software for the purposes of learning and teaching pupils to enhance their understanding of certain terms.
Hence, we can note that both DK and Big Boet make use of different educational software to teach schoolchildren and Dk focuses on a wide age range, Big Boet focuses on a particular age group,.
Read more about educational software here:
https://brainly.com/question/27159139
Choose the sentence with the correct capitalization.
A. The mother adored her daughter's performance in Romeo and
Juliet.
B. The Mother adored her daughter's performance in Romeo and
Juliet.
C. The Mother adored her Daughter's performance in Romeo and
Juliet.
D. The mother adored her daughter's performance in Romeo And
Juliet.
Answer:
C
Explanation:
Because capitalize words such as Mother, Father, Grandmother, Grandfather, Son, Daughter, and Sis when they are used in place of the person's name. Do not capitalize them when they follow possessive pronouns such as her, his, my, our, you
Answer:
A, sentence is correct
Explanation:
b- mother should not be capitalized
c- daughter should not be capitalized
d; and should not be capitalized
PLLLLSSS MARKKK BRAINLIESTT!! hope this helps :D
It is the year 1870, and Julian and several other 10-year-old boys are working in a coal mine. About how many hours can they expect to work a day?
no more than 8
8 to 12
12 to 19
more than 20
Answer:
12 to 19
Explanation: just took the test
which countries where on the central power in the world war 1
Answer:
Explanation:The Allies described the wartime military alliance of Germany, Austria-Hungary, Bulgaria and the Ottoman Empire as the 'Central Powers'.
During a period of growth, a business can expect to experience:
A. a decrease in opportunity costs.
B. an increase in opportunity costs.
C. an increase in productivity.
D. a decrease in productivity.
C. An increase in productivity.
Policemen and the court system are examples of mechanisms of
о
Social control
Anomie
O
Deviance
O
Social exchange
Answer:
A
Explanation:
Social Control is the exact role that officers like policemen and courts like judicial and supreme courts play as a mechanism.
If party is unhappy with the decision handed by the U.S. Court of Appeals, what is their next step?
A. File an appeal with the U.S. District Court
B. There are no other options after the U.S. Court of Appeals.
C. File a second appeal with U.S. Court of Appeals and hope for new judges.
D. File an appeal with the U.S. Supreme Court and hope that they will take the case.
The answer will be
D. File an appeal with the u.s supreme court and hope that they will take the case.
Our government was created to _____________ the rights of all citizens of the United States.
Answer:
protect and preserve
Explanation:
The United States government grants certain rights to all of its citizens. This is made possible by the US Constitution, which is the highest law in America. It comprises ten amendments or articles and is collectively known as the Bill of Rights. The Constitution guarantees that your rights are preserved and protected.
Habitat for Humanity is a large national organization in which volunteers build or rehabilitate houses for families in need of a home. Is Habitat for Humanity an informal group or a bureaucracy? Explain your reasoning.
Someone please help!! I think its a bureaucracy BUT IM CONFUSED because I'm not sure if a Non-governmental organization can actually be a bureaucracy, but also I thought informal groups are supposed to be small, not large.
Answer:
it is still an informal group because it naturally came to society
Explanation:
how does the Legacy Program impact the developing child ?
Answer:
The Legacy program is built on the notion that, regardless of their circumstances, caregivers can have a substantial impact on their children's development. According to research, how parents connect with their children has a constant impact on their children's future achievement.
Researchers found that fewer children displayed behavioral and socioemotional problems when their low-income mothers participated in a public health program promoting positive parenting.
Which two statements about the Mercator projection shown here are true?
It shows lines of longitude at different distances from one another.
It was developed primarily as a navigational tool for sailing.
It exaggerates the size of countries near the poles.
It is an example of a planar projection.
Answer: the size of all countries is accurate but the shape is distorted
Explanation:
hope i helped out
difference between Federal legislature and executive on the basis of its work
Answer:
The chief function of the legislature is to enact laws. The executive is the organ that implements the laws enacted by the legislature and enforces the will of the state.
Suppose that because of globally adverse meteorological conditions, there are serious concerns of climbing prices in an extensive group of commodities. As a result, people now expect an acute increase in the level of input prices. The figure shows aggregate demand (AD), short‑run aggregate supply (SRAS), and long‑run aggregate supply (LRAS). Move one or more of these curves to describe the short‑run effect this would have in the economy and answer the two questions.
In the short run, price level
- decreases.
- The change is indeterminate.
- increases.
In the short run, real GDP (or aggregate output)
- increases.
- The change is indeterminate.
- decreases.
The way that the curves are known to affect the economy in the short run is:
In the short run, price level increases.In the short run, real GDP (or aggregate output) increasesWhat is the short run agrregate supply?This is an economics model that is used to show what happens in the econmy between the aggregate output and the price level.
In the shortrun the prices are said to be sticky, and there is a positive relation existing for GDP and the price level.
Read more on aggregate supply here: https://brainly.com/question/25749867
How is self-justifying memories the same as or
different from lying?
Answer:
self-justifying memories are more powerful and more dangerous than explicit lies. It allows people to convince themselves that what they did was the best thing they could have done.
Answer:
It is not the same thing as lying or making excuses.The self-justifying mechanisms of memory would be just another charming
from what im getting
1. How do you feel about yourself knowing that you can do a lot of things? 2. How are you going to improve yourself more? 3. What are your plans about the things you cannot do? 4. Do you wish to be a better person? Why?
Answer:
Hi villamorgambon1! Everyone has different things that would like to improve, be a better person, and hate themself for something.
1. Knowing I could do a lot of things is exciting.
2. Improving myself more I can set goals, eat and drink more healthy, and have compassion for myself and others.
3. Everyone has plans they cannot. They just accept that fact but it's okay we're all human. It helps us push ourselves harder.
4. Yes I do wish I could be a better person. The more self-kindness and self-compassion I can foster, the more equipped I'll be to treat those around me the same way.
How many senators need to vote for a supreme court justice.
Answer: A simple majority vote is needed for confirmation (there are currently 100 U.S. senators).
Explanation:
Choose one of the documents described in this
interactivity and explain how it reflects the ideas about individual rights that the
English colonists brought with them to North America.
The Magna Carta is a document that the colonists brought to North America.
What is the Magna Carta ?This is a book of rights of the English people which was written by King John. The document establishes the rights of the citizens of the nation.
The contents of the bill of rights is part of what influenced the constitution of the united States. Such as free speech.
Read more on the Magna Carta here: https://brainly.com/question/10498671
All of the following climate regions are found in Southeast Asia, except __________.
Answer:
Humid Subtropical
Explanation:
I don't know if this will help but I hope it does! :)