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
Semmy [17]
3 years ago
9

a shoe store sells 40 pairs of shoes in one week. With an additional salesperson, the store can sell 44 pairs of shoes. The addi

tional 4 pairs of shoes a week is the store's marginal cost.​ Correct OR False.
Business
2 answers:
bezimeni [28]3 years ago
6 0

The marginal cost of the store is not the additionally sold shoes. Hence it is FALSE statement.

<u>Explanation: </u>

Marginal cost can be defined as the ratio of the total cost and the quantity sold. It is the increase or decrease in the total cost the business experience with the production of goods or serving the customers. Marginal costs are used for product decisions.

If the marginal cost is lesser than the price, revenue will be greater than the added cost and if the marginal cost is higher than the price, it states that there will be loss. The formula for marginal cost is as follows,

\text {Marginal cost}=\frac{\Delta t c}{\Delta q}

where \Delta t c is the changing total cost and \Delta q is the changing quantity

Therefore, it can be stated that not only the additionally added quantity will make it to the marginal cost.

WARRIOR [948]3 years ago
5 0

Explanation:

I do not think that is true even considering a linear cost of every 4 pairs of shoes

You might be interested in
What are the two factors you should consider when choosing which target date fund is best for you?
Sati [7]

Answer:

Expenses and glide path are just two factors that investors should consider

Explanation:

please friend me

4 0
3 years ago
In 2007, the economy slipped in a recession that many called the worst since the Great Depression. This caused people to experie
Elis [28]

Answer:

an increase in equilibrium price and an indeterminate effect on equilibrium quantity.

Explanation:

An inferior good is a good whose demand increases when income falls and reduces when income rises.

If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.

An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.

The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.

I hope my answer helps you

3 0
3 years ago
Under section 404 of the sarbanes oxley act auditors are required to
siniylev [52]
Basically, the Sarbanes Oxley Act was not a single Act, but a series of Acts that were designed to expand starting requirements for companies such as firms and overall businesses. Section 404 is one of the Acts that are specifically set on the company's control on their financial reports made. As a result, internal management or more commonly known as the Internal Affairs program of a company must provide a detailed and clear-written (straight-to-the-point) report on the company's structure (how they do things) and creating, or establishing, a set of procedures on how they plan to report their financial status.
6 0
3 years ago
Which financial transaction is associated with the home rental process?
Bezzdna [24]
During a home rental process you must place a security deposit down in order to rent the home. You also sometimes will have to pay a couple months rent in advance.
3 0
3 years ago
Read 2 more answers
2. Realized income is also known as ____. a) gross pay. b) net income. c) real income. d) descretionary income. . 3) You are pai
iris [78.8K]

Answer:

a) gross pay

c) $1,496.34.

Explanation:

The realized income is the amount you actually received and it is taxable. According to this, the answer is gross pay as it is the money you earn before taxes are deducted.

-Realized income:

$12.75*40= 510*4 = $2,040

FICA (7.65%)= $156,06

Federal withholding (12%)= $244,8

state withholding (7%)= $142,8

$2,040-$156,06-$244,8-$142,8= $1,496.34

6 0
3 years ago
Other questions:
  • Book Bound sells a wide variety of books to retail bookstores. Book Bound recently published two new books: a popular mystery no
    14·1 answer
  • John and Shirley have one child eligible for the Child Tax Credit, file their tax return as married filing jointly and, at a $41
    13·1 answer
  • Establishing a 1%/10 Net 30 term would be considered a benefit to a favorite customer and should typically be offered after they
    8·1 answer
  • Because Coca-Cola, Nestlé, and PepsiCo all sell a product (bottled water) that is essentially the same and all three giant compa
    14·1 answer
  • How does a high unemployment rate affect the economy
    7·1 answer
  • Jackson ​Company, which uses the​ high-low method to analyze cost​ behavior, has determined that machine hours best predict the​
    5·1 answer
  • Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5,
    8·1 answer
  • Customers' perceptions of a product are called the product's _____.
    13·2 answers
  • Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C.
    6·1 answer
  • A pollution charge gives the trucking industry an incentive to reduce its emissions, as long as the of reducing the emissions is
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!