<span>Incremental cost: This is the cost which is added or incurred by producing an additional unit product or providing extra service.
Answer: The incremental manufacturing cost/unit incurred to sell extra units to the customers is 0. This is because 200 extra units were already produced and was supposed to be remain unsold as out of 20000 units only 19800 units were expected to be sold.. But the customer unexpectedly came and demanded 200 units which otherwise would have been unsold.</span>
If the institution prices classes at the price required to achieve equilibrium at 10 a.m., there will be a surplus at 8 a.m.
<h3>What is the demand?</h3>
The demand is defined as the quantity of commodity that a customer of a product wants it at each possible prices during a given period of time. This relation of demand with the price is an inverse relation.
In this scenario, the demand for seats at 10 a.m. classes at the College of the Canyons is greater than the demand for seats at 8 a.m. classes.
There will be a surplus at 8 a.m. if the college prices classes at the price required to attain equilibrium at 10 a.m.
Therefore, demand is opposite to the supply.
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Credit union - provides credit only to the organization’s members
Payday lender - offers short-term credit at very high interest rates
Consumer finance company - typically provides credit for purchasing items on an installment basis
Bank - provides credit for a wide variety of purposes and periods of time.
Additional living expenses would not be covered by renter's insurance
The interest rate will also increase and firms will want to borrow less for new plants and gear and households will want to borrow less for homebuilding. And in addtion to that interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
