Answer:
B) $26
Explanation:
Marginal Cost Formula:
Marginal Cost = Change in total cost / Change in quantity
Marginal Cost = (2070-1888) / 10-9
Marginal Cost = 182/1
Marginal Cost = $182
Marginal Cost = 182/70 = $26/hour
Working:
9 hours a day
Number of Hours worked during week = 9x7 = 63 hours
Total Cost = ((20+6)x63)+250 = $1,888
10 hours a day
Number of Hours worked during week = 10x7 = 70 hours
Total Cost = ((20+6)x70)+250 = $2,070
Answer:
d.$20 billion at an annual rate
Explanation:
As $5 billion was quarter 1 market value of final goods and services produced,the annual rate will be $5*4=$20 billion annually
Based on the economic data given, and the fact that the government is running a deficit, the equilibrium GDP will be 336.67.
If government spending is cut to balance the budget, the new level of GDP will be 321.67.
The effect of balancing the budget will be a decrease in GDP and a slower recovery from the recesssion.
<h3>What is the equilibrium GDP?</h3>
This is given by the variable "Y" so we can find the equilibrium GDP by solving for it:
C = 50 + .7(Y – T)
Y = C + I + G - XN
C = Y - I - G + XN
Solving gives:
Y - I - G + XN = 50 + .7(Y – T)
Y - 40 - 35 + 10 = 50 + 0.7Y - 14
Y - 0.7Y = 50 + 40 + 35 - 10 - 14
0.3Y = 101
Y = 101/0.3
= 336.67
<h3>What is the new GDP if government spending is cut?</h3>
Government spending will have to be cut to a size that would make it equal to taxes so government spending becomes 20.
New GDP becomes:
= C + I + G - XN
= ( 50 + .7(Y – T)) + 40 + 20 - 10
= 271.67 + 40 + 20 - 10
= 321.67
Find out more on GDP at brainly.com/question/1384502.
Out of the administrative professional roles listed, the one who can expect the highest salary is B. Senior executive assistant.
The senior executive assisant has a higher job title over a data-entry specialist, receptionist, and human resource assistant. When trying to figure out which would get paid the most, time on the job is usually a factor on pay. The title with senior in it, states that person has done the job for awhile and is expected to do and know more than someone at an entry level position.
Answer: Cycle Billing
Explanation:
Cycle billing refers to a billing practice where the individual customer is billed on a certain schedule based on the day you started paying or the day the contract kicked in. For instance, your cellular network provider billing you on the same day every month.
This ensures that not all customers are billed on the same day which will reduce the workload at the practice which already has a busy schedule. Rather with customers being billed on different days, the workload decreases.
Also it will then be known for certain which dates one can expect payments as well as when statements will be handled.
