1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amid [387]
3 years ago
14

For​ example, if the total cost of producing three units of output is ​$2,498 and the total cost of producing four units of outp

ut is ​$3,087​, then the marginal cost of the fourth unit is
Business
1 answer:
topjm [15]3 years ago
3 0

Answer:The marginal cost of fourth unit is $589

Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;

Marginal cost=Total cost at 4 units - total cost at (4-1) units

 =total cost of  the  4 units - total cost of the  three units

              =3,087 -2,498

             =$589

Also using the formulae;

Marginal cost = Change in cost / change in quantity

= 3,087 -2,498/4-3 =589/1= $589

The marginal cost of fourth unit is $589

You might be interested in
Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t
ddd [48]

Answer:

Mandy Capital                                                Debit: 100,000

Brittney Capital                                               Credit: 100,000

Explanation:

The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.

5 0
3 years ago
n the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States? the Glass-Steagall Act t
Misha Larkins [42]
In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further. 
3 0
3 years ago
Mike and Ike, the fruit-flavored chewy candies, needed a major facelift. The brand had a small but loyal core of "munchers." A r
elena55 [62]

Answer:

D. Product and Promotion

Explanation:

Product strategies are strategies to outlines the direction of a product, how it will get there and how it will succeed. They are strategies used in improving products.

By changing the product packaging, the company modified its product strategy.

Promotion strategies are strategies used in promoting or stimulating demand for a company's goods and services. They are designed in a way to mostly inform and persuade the public about purchasing their products and services. By developing a contest geared towards 12 to 17 year olds, the company modified its promotion strategies.

8 0
4 years ago
Read 2 more answers
Which of the following topics would not appear in a company policy handbook?
icang [17]
A. online job sites 
because most company handbooks have performance reviews, medical ad family leave and standards of conduct. 
8 0
3 years ago
Read 2 more answers
The volume of international trade is governed by factors including the level of domestic economic activity (for example, prosper
Marat540 [252]

Answer:

True

Explanation:

International trade is trade across national boundaries and it includes the import and export of goods and services. An economic prosperity is synonymous with rising incomes and it would increase the propensity to import; that is, people in the domestic economy now have more incomes to spend on imports. Alternatively, a recession would lead to a fall in incomes and imports, and also a fall in investment which conseqeuntly reduces exports volumes.

Trade restrictions (protectionism) such as tariffs, quotas, competitive devaluation, administrative complexities, export subsidy hinder free trade and they could reduce the volume of imports into a country. This is because trade restrictions would make imports to be more expensive; the aim might be that the government is trying to correct a current account deficit. However, the effectiveness of trade restrictions in  reducing import volumes and influening export is dependent on the price elasiticty of demand for imports and exports, the quality of a country's good or service, and how the country's rate of inflation compares with that of other countries.

4 0
3 years ago
Other questions:
  • 3. What is the difference between a desire-based message and a fear-based message?
    9·1 answer
  • Your estimate of the market risk premium is 9​%. The​ risk-free rate of return is 3.7​% and General Motors has a beta of 1.7. Ac
    10·1 answer
  • According to the eNotes, when a potential customer sees the line, but never joins the line because they think it looks too long
    13·1 answer
  • What is the discount yield, bond equivalent yield, and effective annual return on a $2 million commercial paper issue that curre
    6·1 answer
  • Port Orleans Shipping markets different services to the tourism, defense, and trade segments. The firm designs separate offers f
    12·1 answer
  • Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or pr
    9·1 answer
  • Meaning of jobbers in business studies<br>​
    7·1 answer
  • Sommer, Inc., is considering a project that will result in initial after tax cash savings of $2.3mil at the end of the first yea
    10·1 answer
  • The elements in a defamation case are: a. defamatory statement; falsity; communication; and injury. b. a contract; knowledge of
    14·1 answer
  • which number is potentially the largest? a. the number of shares certified. b. the number of shares authorized. c. the number of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!