The marginal cost of increasing phone production from 50 to 55 phones if there are 5 workers in the company is 3 handbags.
<h3>What is marginal cost?</h3>
The marginal cost is the increase in price that results from a unit increase in output quantity. It is the output-relative derivative of the total cost function, to put it formally. Marginal costs are important because economic decisions are made at the margin.
The term "marginal cost" refers to the total expenses incurred in manufacturing an additional good. As a result, it can be assessed by changes in the expenditures related to each additional unit. Total Expense Change / Unit Production Change equals Marginal Cost.
Output of handbags falls from 35 to 20 as phone production rises from 50 to 55.
Marginal cost of increasing phones
= (35-20)/(55-50)
= 15/5
= 3 handbags
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Answer:
The answer is below
Explanation:
Getting or establishing credit is simply a way of having a credit history. Hence to establish credit, there are ways to go about it, some of which are:
1. Get a co-signer or co-applicant
2. Ensure you have a secured credit card
3. Apply for a credit-builder loan or a secured loan
4. Get savings and checking accounts with banks.
5. Have good credits habits and be consistent
6. Assess your credit scores and reports.
The answer in the space provided is railroad because this is the mode of transportation that benefits or more suitable when carrying the smallest percent of all the intercity freight and it is because they uses train in which it is in need or railroads.
Answer:
B. Biases
Explanation:
A bias occurs when an individual makes an ill informed decision. This usually results from previous experience or deeply held beliefs about a situation. The individual diverges from rational choice and are rather influenced by emotions and invested opinions.
When a person says capitalists focus more on money and do not care for their workers, this is a subjective statement that is not based on facts. In capitalism it is not all employers that focus on only making money. Employer-employee relations are important for efficient production. So this statement is made on the basis of the speaker's bias.
Answer:
only one more year
Explanation:
Your income for the current year (year₀) = $75,000
Next year's income (year₁) = $75,000 x 1.2 = $90,000
Year 3's income (year₂)= $90,000 x 1.2 = $108,000
You will only be able to contribute to a ROTH account during the next year (year₁), since your income for year₂ will be higher than $95,000.