A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $219 profit on each sale, but suffers a loss of $11 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?.

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

The movement of an economy from one condition to another and back again

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.