subject

You and some friends are discussing news that could change the world as we know it, if the world-changing company survives! Hermes, a new automaker, unveils a new automobile that runs on plastic grocery bags and gets 100 miles to the bag. It enjoys a monopoly on this new technology. Assume that Hermes is a profit-maximizing firm and currently operates at a negative economic profit in the short run.

Draw a correctly-labeled graph for Hermes, showing the profit-maximizing price Pm and quantity Qm of the new car. Also shade the area of the negative economic profit.
Why would Hermes continue to operate in the short run if it is earning negative economic profit?
What would happen to the total revenue of Hermes if it decided to make one fewer car than Qm? Why?

ansver
Answers: 1

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 24.06.2019 05:30
1) earth's crust is made up of relatively rigid plates that ride atop earth's hot, semiliquid mantle. (2) the plates are called tectonic because they're in constant motion. (3) they can move because earth's mantle is a very hot and semiliquid fluid called magma. (4) volcanoes are a result of magma rising up or erupting through a plate, particularly where plate boundaries are moving against each other. (5) also, when plates slide against each other, causing friction along adjacent plate boundaries, earthquakes frequently occur. (6) therefore, we often find volcanoes and earthquakes along plate boundaries. (7) plates may also collide. (8) when that happens, mountain ranges are formed. (9) for example, the collision of the plate carrying the indian subcontinent created the himalayan mountains when it collided with the asian plate. 2. which sentence in this passage introduces a new topic that might begin a new paragraph? a. sentence 5 b. sentence 4 c. sentence 7 d. sentence 6
Answers: 1
question
Advanced Placement (AP), 26.06.2019 21:00
The tension between the issues of slavery and immigration led to the destruction of which political party? a) constitutional union b) democratic c) know-nothing d) whigs
Answers: 1
question
Advanced Placement (AP), 27.06.2019 09:30
How would you use a nuclear device to prevent an asteroid from hitting earth? a. use the device to blow up the asteroid b. use the device to blow up part of the asteroid and deflect it c. detonate the device in proximity to the asteroid to deflect it d. use the mass of the device to slingshot the asteroid out of orbit
Answers: 1
question
Advanced Placement (AP), 27.06.2019 10:00
Tamika's mom asked her when her book report is due. tamika remembered it is due next friday. what two parts of the brain were involved in forming this memory? temporal lobe and hippocampus cerebellum and basal ganglia hippocampus and prefrontal cortex temporal lobe and basal ganglia
Answers: 1
You know the right answer?
You and some friends are discussing news that could change the world as we know it, if the world-cha...
Questions
question
Biology, 08.02.2021 19:40
question
Mathematics, 08.02.2021 19:40
question
Mathematics, 08.02.2021 19:40
question
Arts, 08.02.2021 19:40
question
Mathematics, 08.02.2021 19:40
question
Mathematics, 08.02.2021 19:40
Questions on the website: 13722362