Answer to Question #98283 in Microeconomics for Calen Dennis

Question #98283

What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? $

Expert's answer

Solution:

Since the condition does not indicate what costs Mr. Plow incurs, his profit is

"5\\times10=50"

Answer:50

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. An individual has 40,000 in income per year. The person will get sick with probability 0.1. If he
2. a. The price of a cup of coffee was $0.29 in 1970 and $0.99 in 1993. The CPI was 38.8 in 1970 and 14
3. 4. For a two-good consumption basket, illustrate graphically the substitute and income effects when
4. 3. Donald derives utility from only two goods, carrots (Qc) and donuts (Qd). (Qc and Qd are the cons
5. 2. Draw supply and demand curve of the market of wheat in US. And then suppose there is an agricultu
6. 2. Draw supply and demand curve of the market of wheat in US. And then suppose there is an agricultu
7. An economic analyst employed by Agbesco Ltd observed that, 9.5 units of ‘Kalami’, Agbesco Ltd pr