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Homework answers / question archive / 1 Explain impacts of an event on Afterpay?\
1 Explain impacts of an event on Afterpay?\.
2 Then - determine the output level that maximizes your profit - and explain why. (It has to do with "the fundamental rule of profit maximization"!) Total Revenue Total Cost Marginal Cost Marginal Revenue Price Quantity $5.00 2 21 $10.00 $ 4.00 $ 3.00 $5.00 $5.00 $20.00 $10.00 $ 4.00 $5.00 $5.00 6 $30.00 $18.00 $ 6.00 $5.00 $5.00 8 $40.00 $30,00 $10.00 $5.00 $5.00 $50.00 10 $50.00
3
1. What's the difference between a nation and a state? 2. Is the United States truly one nation or is it a country composed of many nationalities or nations? Explain your answer and give an example.
1
After pay have two important meanings,
Afterpay Limited is an financial technology company of Australia which is working in many countries like US, UK, and so on.
It is not related with the loans like banks. The criteria for getting money from Afterpay company is that a person needs to be 18+ years of age.
The current scenario (COVID-19) has its impact on almost every country of the world. The impact can be seen on financial companies, banks and other sectors as well. The world is heading towards the recession with the falling levels of output, rising unemployment and high rates of inflation. The Afterpay company is also affected due to this COVID-19. The company is not in a position to provide financial help to the applicants.
2
Marginal cost is the change in total cost when output rises while marginal revenue is change in total revenue when output rises.
| Price | Quantity | Total Revenue | Total Cost | Marginal Cost | Marginal Revenue | Profit |
| 5 | 2 | 10 | 4 | - | - | 6 |
| 5 | 4 | 20 | 10 | 6 | 10 | 10 |
| 5 | 6 | 30 | 18 | 8 | 10 | 12 |
| 5 | 8 | 40 | 30 | 12 | 10 | 10 |
| 5 | 10 | 50 | 50 | 20 | 10 | 0 |
Fundamental rule of profit maximization occurs when marginal revenue = marginal cost or they are close to each other and marginal cost is rising. Profit = Total Revenue - Total cost which occurs when output level is 6.
3
1.A state is a territory with its own institutions, while a nation is a large group of people with a certain territory and they are connected by their own history , culture , language etc. A state is composed of four elements, population , territory ,government and sovereignty. Absence of any one of these elements , state can not be really state. But a nation is a group of large number of people who have a strong sense of unity and common consciousness and culture. To form a nation , it does not need sovereignty. In economics, a nation is an economic unit which encompasses all activity related to production, consumption and trade of good and services in an area and state is an economic unit, its role is to make a positive legislative environment and policy framework that enable the state to explore a their potential while maintaining higher standard of activities and operation to achieve the welfare of people. 2.United States is a country consists of 50 nations with its own five major self governing territories and various possessions. It is composed of many states with self ruling and sovereign and there is some common heritage and a national language. Towards a nation we need same race,blood descent and mysteries and mystifications of biological characteristics. Towards a country or state, it need political and civic loyalty and the indivisibility of law , obedience.force and government. From all these ,we can understand that US is a country composed of many nationalities.
