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Mathematics, 07.03.2020 00:06 jessejames48
The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free-ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the government correct for this apparent market failure?
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Paula makes stained-glass windows and sells them to boutique stores. if her costs total $12,000 per year plus $4 per window for the frame. how many windows must she produce to earn a profit of at least $48,000 in one year if she sells the windows for $28 each? 1. define a variable for the situation. 2. write an inequality that represents her profit. note: revenue is money coming in. cost is money going out. profit is the difference between the revenue and the cost. in other words: revenue - costs profit 3.using words, describe how many windows she must sell to have a profit of at least $48,000.
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