Answer: The correct answer is <u>$150.</u>
Explanation:
We know that the marginal cost of hiring a third worker is $ 40. And that the average total cost when 3 workers are hired is $ 50. The average total cost formula is:
Average total cost = (total cost) ÷ (number of workers)
Then we solve the equation in 3 steps:
1) $ 50 = X ÷ 3
2) $ 50 × 3 = X
3) $ 150 = X
We can diagram the workers cost chart
Number of workers - Marginal cost - Total cost
1 - $60 - $60
2 - $50 - $110
3 - $40 - $150
<span>Jacques Necker was a financial analyst and adviser who was very keen in economics of the time. He would advise King Louis XVI in financial matters. Knowing this, in my letter explaining my economic reform program (written as Necker), I would ask King Louis XVI to stop spending so much money on non-essential goods and services. I would ask the King to stop placing tariffs on trade in order to free up money to create economic fluidity.</span>
If this is a true or false question then the answer is true.
Answer: a. 10%
Explanation:
The total number of days the property was used:
= 7 + 63
= 70 days
He used the property for personal use for 7 days out of that:
= 7/70
= 10%
That 10% cannot be deducted as rental expenses because he used these for personal use.
Answer:
Given that,
Operator bought a futures contract = 5,000 kilograms of rice at $1.50 per kilogram
Initial margin = $4,000
Maintenance margin = $2,000
(a)
(i) Balance of Margin = Initial margin - maintenance margin
= $4,000 - $2,000
= $2,000 (loss)
(ii) Change in price = 
= $0.40
(b) Price per kilogram = Current price - Change in Price
= $1.50 - $0.40
= $1.10
So, change price per kg is $1.10
(c) Balance of Margin = Initial margin - maintenance margin
= $4,000 + $2,000
= $6,000 (loss)
Change in price =
= $0.40
(d) Price per kg = Current price - change in price
= $1.50 + $0.40
= $1.90
