Q=3-P
Q=7-P
If Q is a private good, MC=8, how much is optimal?
In 2001, the total value of goods shipped was $704.3 million
calculate 20% of the total bill and leave that much.
To determine the percentage of bad and good eggs, we need to calculate the ratio of bad eggs to the total number of eggs and then convert it to a percentage. Calculate the number of good eggs: Total number of eggs - Number of bad eggs = 60 - 6 = 54 Calculate the percentage of bad eggs: (Number of bad eggs / Total number of eggs) × 100% = (6 / 60) × 100% = 10% Calculate the percentage of good eggs: (Number of good eggs / Total number of eggs) × 100% = (54 / 60) × 100% = 90% Therefore, 10% of the eggs are bad and 90% of the eggs are good.
The total benefits to society are greater tham the total cost.
Whether the benefits to society are greater than the total cost determines if something is produced for the public good. or cost
Whether the benefits to society are greater than the total cost determines if something is produced for the public good. or cost
To calculate the unit selling price given total sales revenues, divide the total sales revenues attributed to the particular good or service for which unit selling price is desired by the number of units sold.
There are lots of ways to calculate such values; it's kind of a matter of which one you believe in.
aggregate production
Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue
a much larger dollar value of improvements for a given amount of public money. This improves the transportation infrastructure and provides many more jobs than a project built solely with public money.
Its a public good.