microeconomics qeustion.

Economics Economics Questions
1

Mises is making model cars for the next arts and crafts sale. Each car costs him $1.65 to make. If Mises sells the model cars at double the amount he makes them at, how many would he have to sell to make a profit of exactly $50.00?

The first number needs to change in order to ensure that the second number comes out even.

in other words

Mises is making model cars for the next arts and crafts sale. each car costs him X to make. If Mises sells the model cars at double the amount he makes them at, how many would he have to sell to make a profit of exactly $50.00?

finally do any of you think that such questions are really that great for learning anything about economics?

2

$1.65 X 2 = $3.30

$50/$3.30 = 15.151515…

Basic math is helpful, but it is overemphasized. I suggest you read Economics in One Lesson by Austrian economist Henry Hazlitt and The Concise Guide to Economics by Austrian economist Jim Cox.

3

Well, to play lawyer, there is no answer to your question.

Since you asked how many model cars would have to sell to make exactly $50. There is no number that could be sold that makes exactly $50.

Altho - if you charge $2.90 instead of $3.30 - then you could sell 40 model cars to make exactly $50.