Answer:
$1.60, $0.50
Explanation:
At a quantity of 130, marginal benefit equals $1.60 and marginal cost equals
$0.50.
marginal cost means incremental cost or cost in production of every additional unit it is measured by change in total cost divided by change in number of quantity.
likewise, marginal benefit amount consumer pay on buying additional unit. it is calculated by multiplying quantity with price of that unit.
Answer:
$200,000
Explanation:
Accounting profit = Total revenue - Explicit cost
Total revenue = 4000 × $300 = $1,200,000
$1.2 million - $1 million = $200,000
I hope my answer helps you
Answer: Parasite, predator
Explanation:
Managing businesses isn't an easy task despite it might be going well. On managing business, certain agreement has to be reached such as who finances , manages, and how interests are shared, when all these are well spelled out there would be no room for the other party to feel cheated while the other feels same way too. Betty and her brother feel cheated about each other's input regarding their business because they probably didn't spell out how the business operations would be run, they'll need to sort this out so they don't see each other so again.
Answer:
rises; demanded falls
Explanation:
The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.
The aggregate demand curve is negatively sloped.
Please check the attached image for a graph of the aggregate demand curve.
I hope my answer helps you
Answer:
60 pizzas
40 pizzas
Explanation:
Marginal product measures the change in output as a result of a change in input by one unit
Marginal product = change in output / change in input
Marginal product for the 4th worker
Change in output = 360 - 300 = 60 pizzas
Change in input = 4 - 3 = 1 worker
Marginal product = 60 / 1 = 60
Marginal product for the 5th worker
Change in output = 400 - 360 = 40 pizzas
Change in input = 5 - 4 = 1
Marginal product = 40 / 1 = 40
It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.
The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
