The surplus for the five companies is amounting to $830,000
What is the surplus for the five companies?Producer Surplus is the difference between the price at which a producer is willing to spend and the price which he is getting from the market for his product.
The minimum price at which a producer is willing to spend is the Marginal Cost of producing that product.Therefore, Producer surplus is Market Price- Marginal CostProducer Marginal Cost Market Price Producer Surpus Company 1 1,000,000 1,470,000 (1,470,000-1,000,000)=470,000
Company 2 1,250,000 1,470,000 (1,470,000-1,250,000)=220,000
Company 3 1,300,000 1,470,000 (1,470,000-1,300,000)=170,000
Company 4 1,350,000 1,470,000 (1,470,000-1,350,000)=120,000
Company 5 1,500,000 1,470,000 (1,470,000-1,500,000)=-30,000
Total producer surplus= 470,000 + 220,000 + 170,000 + -30,000 = 830,000
The surplus for the five companies is amounting to $830,000
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Final answer:
The surplus for Companies 1, 2, and 3 is $470,000, $220,000, and $170,000 respectively, as their marginal costs are less than the market price of $1,470,000. Companies 4 and 5 do not have a surplus since their marginal costs are above the market price. The total surplus is $860,000.
Explanation:
The surplus for the five construction companies based on their marginal costs and the market price of an overseas factory can be calculated as the difference between the market price and the marginal cost for each company. Only the companies that have a marginal cost lower than the market price will experience a surplus. Given that the market price is $1,470,000:
Company 1 has a surplus of $470,000 ($1,470,000 - $1,000,000).
Company 2 has a surplus of $220,000 ($1,470,000 - $1,250,000).
Company 3 has a surplus of $170,000 ($1,470,000 - $1,300,000).
Companies 4 and 5 do not have a surplus because their marginal costs are higher than the market price. The total surplus for the three companies with a surplus is $860,000 ($470,000 + $220,000 + $170,000).
a chicken salad recipe calls for 1/8 pound of chicken per serving. How many pounds of chicken are needed to make 8 1/2 servings?
Answer:
[tex]\frac{17}{16} [/tex]pounds of chicken are needed to make[tex]8\frac{1}{2}[/tex] servings.
Step-by-step explanation:
Chicken required for 1 serving = [tex]\frac{1}{8}[/tex] pounds
Number of serving required for salad = [tex]8\frac{1}{2}=\frac{17}{2}[/tex]
Chicken required for [tex]8\frac{1}{2}[/tex] servings be x.
[tex]x=\frac{1}{8}\times \frac{17}{2} pounds[/tex]
[tex]=\frac{17}{16} pounds[/tex]
[tex]\frac{17}{16} [/tex]pounds of chicken are needed to make[tex]8\frac{1}{2}[/tex] servings.
The sutton police department must write, on average, 6 tickets a day to keep department revenues at budgeted levels. suppose the number of tickets written per day follows a poisson distribution with a mean of 6.5 tickets per day. interpret the value of the mean.
Javier had $305 in his bank account. His bank charges a fee of $7.50 each month that a balance is below $500. If he makes no other deposits or withdrawals, how much money is in Javier’s account at the end of three months?
Answer: [tex]\$282.5[/tex]
Step-by-step explanation:
Given : Javier had $305 in his bank account.
His bank charges a fee of $7.50 each month that a balance is below $500.
If he makes no other deposits or withdrawals, then the amount of deductions in Javier’s account at the end of three months will be :-
[tex]\$7.50\times3=\$22.5[/tex]
Now, the amount of money in Javier’s account at the end of three months :-
[tex]\$305-\$22.5=\$282.5[/tex]
READ THE PICS AND JUST SAY ABCD THANKS
What is the missing number in this pattern? 1, 1, 2, 3, 5, 8, 13,
what is 5.62 rounded to?
use all place values.
Find a pair of 3 digit numbers that have an estimated difference of 520
To find a pair of 3 digit numbers with an estimated difference of 520, we can start with any 3 digit number and add or subtract 520. The pair 1000 and 480, or 950 and 430, for example, both have an estimated difference of 520.
To find a pair of 3 digit numbers that have an estimated difference of 520, you can choose any 3 digit number and then either add or subtract approximately 520 to find the second number. For instance, if you choose 1000 as a starting number, you could subtract 520 to get 480. Thus, the pair of numbers 1000 and 480 have an estimated difference of 520. It is important to choose numbers that when rounded to the nearest hundred, give an exact difference of 520. For example, 950 and 430 is another valid pair since 950-430=520. Remember that the difference is the result of subtracting the smaller number from the larger one.
Tickets for rides at the fair cost $0.75 each you can also buy a roll of 25 tickets for $15 what is the cost of each ticket if you buy a roll of tickets
Final answer:
The cost per ticket when buying a roll of 25 tickets for $15 at the fair is $0.60, which is less than the single ticket price of $0.75.
Explanation:
The student has asked about the cost of each ticket if bought in a roll at a fair. To find the cost per ticket when purchasing a roll of 25 tickets for $15, you simply divide the total cost of the roll by the number of tickets in the roll.
Cost per ticket = Total cost of the roll / Number of tickets in the roll
Cost per ticket = $15 / 25
Cost per ticket = $0.60
Therefore, when buying a roll of tickets, the cost of each ticket is $0.60, which offers a saving compared to the single ticket price of $0.75.
Since Jenna's heart rate is 60 beats per minute, if her heart has beat 604,800 times, how many days since she was born?
By calculating the number of heartbeats in a day (based on the heart rate of 60 bpm) and dividing the total number of heartbeats by that value, we can estimate that Jenna is 7 days old.
Explanation:The subject of this question is Mathematics, and it's suitable for high school grade level. To find out the number of days Jenna has lived using her heartbeats, you first need to calculate how many beats her heart makes in one day. Knowing that her heart rate is 60 beats per minute, we can calculate the number of beats in one hour by multiplying by 60 (number of minutes in one hour). So in one hour, we get 60 * 60 = 3600 beats. In 24 hours (one day), the heart will beat 3600 * 24 = 86,400 times. So, if Jenna's heart has beat 604,800 times in her life, we divide that number by the number of beats in one day to find out the number of days: 604,800 / 86,400 = 7 days. Therefore, Jenna is 7 days old.
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How are the rules for division of signed numbers similar to the rules for multiplication of signed numbers?
Final answer:
The division and multiplication of signed numbers follow the same sign rules: two positive numbers yield a positive result, two negatives give a positive, and a pair of numbers with different signs results in a negative outcome.
Explanation:
The rules for the division of signed numbers are similar to the rules for multiplication of signed numbers. Both operations follow the same pattern concerning the signs of the numbers involved:
When two positive numbers are involved, the result is positive (e.g., [tex]\frac{2}{1} = 2[/tex] or 2 x 1 = 2).
When two negative numbers are involved, the result is also positive (e.g., [tex]\frac{-2}{-1} = 2[/tex] or (-4) x (-3) = 12).
When one positive and one negative number are involved, irrespective of the operation, the result is negative (e.g., [tex]\frac{-3}{1} = -3[/tex] or (-3) x 2 = -6).
Therefore, both division and multiplication of signed numbers primarily depend on the signs of the numbers to determine the sign of the answer.
6-4. find p(x = 4) if x has a poisson distribution such that 3p(x = 1) = p(x = 2)
Complete this item.
For the following figure, can you conclude that l | | m? Select true or false.
Answer: False. Both angles are not equal therefore the lines l and m are not parallel.
suppose a compact car uses 1 gallon of fuel for every 27 miles traveled. How would the graph for the compact car compare to the graph for the car shown?
Answer:
1. The meaning of (2, 40) is that - when 2 gallons of fuel is used, then the distance covered will be 40 miles.
2. Equation will be :
[tex]y=20x[/tex]
where y is the total distance in miles and x is the number of gallons used.
3. When we have to tell as per graph, that the car travels 27 miles in 1 gallon, the points will be : (1,27) , (2,54) , (3,81) and so on.
Jimmys school is selling tickets to annual dance competition. On the first day of tickets sales the school sold 12 adult tickets and 5 child tickets for a total of $93. The school took in $106 on the second day by selling 4 adult tickets and 10 child tickets. Find the price of an adult ticket and the price of a child ticket.
Rewrite the statement in mathematical notation. (Let n be the number of cases of Bangkok flu and t be time.) There are presently 450 cases of Bangkok flu, and the number is growing by 10 new cases every month.
dn/dt=
Final answer:
To represent the growth of Bangkok flu cases over time mathematically, the derivative dn/dt equals 10, indicating a constant increase of 10 cases per month.
Explanation:
To rewrite the statement in mathematical notation where n is the number of cases of Bangkok flu and t is time, we will express the changing number of cases as a function of time. Given that there are currently 450 cases and the number of cases is growing by 10 every month, we would write the instantaneous rate of change of the number of cases with respect to time as dn/dt = 10.
This is because the phrase 'growing by 10 new cases every month' implies a constant rate of growth over time, which is directly translated into a derivative in mathematical terms. In more complex scenarios, rates of growth could follow a pattern that might be represented by a function of t. However, in this case, the growth is linear and constant, which simplifies to the derivative being equal to the rate of growth: 10 cases per month.
Please help me to Evaluate P(6,2)
The value of the permutation [tex]_6P_2[/tex] equals 30.
The notation P(n,r) represents the number of permutations of r elements taken from a set of n distinct elements.
The formula for permutations is expressed as:
[tex]P(n,r) = \frac{n!}{(n-r)!}[/tex]
Given the permutations:
[tex]_6P_2[/tex]
n = 6 and n = 2:
Plug these into the above formula:
[tex]P(n,r) = \frac{n!}{(n-r)!}\\\\P(n,r) = \frac{6!}{(6-2)!}\\\\P(n,r) = \frac{6!}{4!}\\\\P(n,r) = \frac{6*5*4*3*2*1}{4*3*2*1}\\\\P(n,r) = \frac{6*5}{1}\\\\P(n,r) = 30[/tex]
Therefore, the value of [tex]_6P_2[/tex] is 30.
G evaluate lim h → 0 (1 + h)9 − 1 h . hint: this limit represents the derivative of a function f at a given point
a. find f and a, and then evaluate the derivative.
sum of the interior angle measures of the polygon with 9 sides
Answer: 1260
Step-by-step explanation:
A full container of juice holds 64 fluid ounces.How many 7 fluid ounce servings of juice are in a full container?
An omelet station uses 3 eggs to make each omelet. What is the cost for the total number of eggs in a single omelet if a case of 30 dozen eggs has an as-purchase cost of 32.40?
which algebraic expression represents the "phrase the quotient of -8 and the sum of a number and three"
A -8/g+3
B 8/g+3
C -8+g/3
D -8/g +3
The algebraic expression represents the given phrase is -8/(g+3). Therefore, option A is the correct answer.
The given phrase is "the quotient of -8 and the sum of a number and three".
We need to identify which algebraic expression represents the given phrase.
What is an algebraic expression?Algebraic expressions are the mathematical statement that we get when operations such as addition, subtraction, multiplication, division, etc. are operated upon on variables and constants.
Let the unknown number be g.
Now, the quotient of -8 and the sum of a number and three=-8/(g+3)
The algebraic expression represents the given phrase is -8/(g+3). Therefore, option A is the correct answer.
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How many real solutions does the system have Y=-3x-3 Y=x^2-3x+5
Jesse has a piece of wood that is 8 feet long. he needs to cut pieces that are 7/8 of a foot long. how many pieces will he be able to make
will mark brainliest!!
solve this system of linear equations. separate the x- and y- values with a coma. 9x=27-9y
20x=71-9y
can someone please help with transformations of parent functions
Determine which of these relations are transitive. the variables x, y, x', y' represent integers.
You need 1 1 4 114 cups of sugar to make 20 cookies. How many cups of sugar will you need to make 14 cookies?
Present 5 mixed numbers that add up to the whole number 10.
What is the unit rate of 1,700 in 40 minutes
Evaluate the line integral c y3 ds,
c.x = t3, y = t, 0 ≤ t ≤ 3