How is the law of increasing costs similar to the concept of decision making at the margin?

This graph shows the marginal cost of producing each

Margarita [4]

Answer:

D) Bike 4

Explanation:

Marginal cost is the additional expense associated with the production of an extra unit. Calculating marginal costs will involve isolating the expense of the last unit from the previous productions.

The graph has already isolated the cost of the extra unit from the previous output.

From the graph, Bike 4 has a marginal cost of 4.

6 0

2 years ago

Read 2 more answers

Can we talk about the political and economic state of the world right now

JulsSmile [24]

In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.

<h3>What is the current state of the world economy?</h3>

The economy of different nations are said to be growing wile some are expressing some financial crises.

Note that studies has shown that Global growth will rise to about 3.4 percent for 2021.

Therefore, In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.

Learn more about political state from

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#SPJ1

8 0

1 year ago

Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was plac

daser333 [38]

Answer:

Option (b) is correct.

Explanation:

Given that,

Beginning work in process inventory balance = $32,000

Direct materials was placed into production = $54,500

Direct labor = $63,400

Actual manufacturing overhead = $86,500

Jobs costing completed during the year = $225,000

Ending work in process inventory balance:

= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year

= $32,000 + $54,500 + $63,400 + $86,500 - $225,000

= $11,400

8 0

2 years ago

From guided notes reading of 7 skills to make mill$ :

Mkey [24]

Answer:

From guided notes reading of 7 skills to make mill$ :

This book focuses on __soft_______ skills or behavioral ___competencies________.

Explanation:

Brooks Harper's "7 Skills to make mill$" is a motivational book which urges students to perform at their best during their school days so that they can be prepared for the work life. In a very unique manner, Brooks hampered on the importance of the seven skills, which he described with the acronym DOLLARS. These include Diligence (hard work pays), Organization (Be your CEO, developing your GPA as your Goal, Plan, and Action and not just Grade Point Average), and Leadership (by making a difference). Others include Learning (replacing ignorance with education), Accountability (Your name = Your Brand; enhance or diminish it), Relationship (a warning to mind your company), and lastly Speaking (the articulation of ideas to others). These are the keys to success in life, which must be developed during school days.

7 0

2 years ago

Monica received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 10%. Her to

erica [24]

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Amount = $70,000

Invested at rate = 11%

Tax free investment = 10%

Total income from investments = $7,500

So , we can calculate the invested at 11% by using following formula:

Let the amount invested at 11% = X

So,

= 11% × X + (70,000 - X) × 10% = $7,500

= 0.11 × X + (70,000 - X) × 0.1 = $7,500

= 0.11X + 7,000 - 0.1X = $7,500

= 0.11X -0.1X = $7,500 - $7,000

= 0.01X = $500

X = $500 / 0.01

= $50,000

Hence, the amount invested at 11% is $50,000.

5 0

3 years ago