The minimum production cost of company 2 is greater than the minimum production cost of company 1. We arrived at this value by comparing the production cost of both companies.
<h3>What is meant by minimum production cost?</h3>
The overall cost incurred by a company to manufacture a product or provide services is known as the cost of production.
The objective of every company is to keep this cost at minimum, hence the minimum production cost.
<h3>How do find minimum Production Cost?</h3>
Recall that the production function is given as:
f(x) = 0.25x² - 8x + 600
Inserting the values given by the schedule we have
- f(6) = 0.25(6²) - 8(6) + 600 = 561
- f(8) = 0.25(8²) - 8(8) + 600 = 552
- f(10) = 0.25(10²) - 8(10) + 600 = 545
- f(12) = 0.25(12²) - 8(12) + 600 = 540
- f(14) = 0.25(14²) - 8(14) + 600 = 537
For company 2, we are given the various production costs as;
x - g(x)
6 - 862.2
8 - 856.8
10 - 855
12 - 856.8
14 - 862.2
Juxtaposing the above, we can infer that the minimum production cost of company 2 is greater than the minimum production cost of company 1.
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396.
Basically just multiply $2200 By 3% and six years to find your answer. Hope I helped! :D
They mostly changed how the fosil fuels , transprotation ,appliances
The true statement about the Clayton Act is that: C) the Clayton Act allows a plaintiff to collect three times the damages suffered.
<h3>What is the Clayton Act?</h3>
The Clayton Act is an antitrust law of the United States of America which was enacted by the U.S Congress in the year, 1914 and signed into law by President Woodrow Wilson on the 15th of October, 1914, so as to regulate the behavior or activities of massive business entities.
Basically, the true statement about the Clayton Act is that the Clayton Act allows a plaintiff to demand and collect triple the damages suffered.
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Complete Question:
Which of the following is true of the Clayton Act?
A) The Clayton Act permits price fixing.
B) The Clayton Act allows companies to extend their monopoly power.
C) The Clayton Act allows a plaintiff to collect three times the damages suffered.
D) The original Clayton Act contained sanctions for forfeiture of property.
E) The original Clayton Act did not allow individuals to obtain injunctive relief.
