When a certain competitive firm produces and sells 40 units of output, its total revenue is $740 . If there is no change in price, then what is the amount of the firm's total revenue if it produces and sells 45 units of output?
At 45 units of output the firm's total revenue amounts to ($18.50)(45) = $832.50.
Economics
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If a meat packing plant has 30 employees, each employee has a 1 in 90 chance of getting injured on the job, and the cost of treating a job-related injury is $18,000, then the annual cost per injury for each employee is
A) $6.67. B) $200. C) $600. D) $6,000.
Economics
The overall U.S. balance of payments
a. shows a deficit b. shows a surplus c. is the merchandise trade balance d. equals exports minus imports e. shows how deficits in one account are exactly offset by surpluses in other accounts
Economics