Answer:
total cost of producing 100 units is $4700
Explanation:
given,
Fixed cost = $200
Total cost = $4,000
The total cost of n units = total cost of (n-1) units +marginal cost of nth unit
The total cost of 100 units= total cost of 99 units+marginal cost of 100th unit
The total cost of 100 units = $4000 + $700
=4000+700
=$4700
the total cost of producing 100 units is $4700
Comparing the life of a company president or ceo with a dishwasher or taxi driver shows us glaring examples of social inequality.
<h3>What exactly is socioeconomic inequality?</h3>
Social inequality is defined as a scenario in which certain citizens of a country, a region, a section of the world, or both, are disparately or disadvantaged from others who are unfairly privileged. Logically speaking, it is the polar opposite of social equality.
Modern civilizations struggle with social inequality, which is a result of the uneven development of different parts of the world and the imposition of particular ideologies or human value judgments on some people over others. In fact, social inequality is the root of discrimination, which is the practice of treating individuals who are weaker than others in terms of their morals, social standing, or economic standing differently.
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Based on the given scenario above, I can say that Jerry's career change is an example of RIGHT LIVELIHOOD. Despite knowing that the career he chose has lower salary and requires more time to work, he still finds it more fulfilling because it is what he wants. In the Buddhist teaching, right livelihood refers to how persons should make a living in a way that it will be more beneficial to them and is ethically positive. Hope this helps.
Answer: Future Value FV = 169,500
Explanation:
The information given to us are;
Present value PV = 113000
Interest R = 10% = 0.01
number of years T = 5
Future value FV = ?
So using the formula
FV = PV * [1 + (R * T)],
We input our value
FV = 113000 * [ 1 + ( 0.1 * 5) ]
FV = 113000 * [ 1 + 0.5]
FV = 113000 * 1.5
FV = 169500
Answer:
B) To maximize profit, firms should produce at a level of output where price equals average variable cost
Explanation:
Firms maximize their profit by equating Marginal revenue with The Marginal cost. So, since for perfectly competitive firms, the price equals the Marginal revenue, for these firms profit is maximized by equating Price with Marginal cost not the average variable cost.
