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
Ivan
3 years ago
10

Suppose the cost of 5 pencils is $1.50. The cost of 6 pencils is $1.75. The marginal cost of the sixth pencil is

Business
1 answer:
nataly862011 [7]3 years ago
4 0

Answer:

$0.25

Explanation:

The marginal cost of the sixth pencil is given by the difference in total cost of purchasing 6 pencils from the cost of purchasing 5 pencils. That is, the change in cost caused by the addition of the sixth unit of output:

MC = \$1.75-\$1.50 = \$0.25

The marginal cost of the sixth pencil is $0.25

You might be interested in
Dip N’ Dunk Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the
Leviafan [203]

Answer:

The correct answer for option (a)  0.98 and 1.04 and for option (b) is Boulder Location.

Explanation:

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

A). We can calculate the present value index by using following formula:

Present value index = Total present value of net cash flow ÷ Amount to be invested  

Present value index Ft. Collins = 607,600 ÷ 620,000  = 0.98

Present value index Boulder = $624,000 ÷ $600,000  = 1.04

Fort Collins has 0.98 present value index and boulder has 1.04 present value index.

B). Boulder location should be chosen according to the analysis. Because boulder has the 1.04  present value index which is greater than 1 while fort Collins has value less than 1.

4 0
2 years ago
As workers demand higher wages to produce automobiles, how will this influence the automobile market?
Natali [406]
<span>Market supply would decrease because costs of production would be higher</span>
8 0
2 years ago
use the cost index method to estimate the current construction cost for a building equivalent to one constructed in 1980 at a co
oksano4ka [1.4K]

Answer:

To determine the current equivalent cost of a construction built in 1980 whose cost was $ 2.7 million, we must establish the relationship between the price index for that year, comparing it with that of the current year.

Taking into account that the average cost index for 1980 was 1941, and that said value is currently 3620, we can note that there was a significant increase in costs. Since 3620/1941 = 1.86, to determine the current cost of construction we must multiply its cost by 1.86.

So, since 2.7 x 1.86 = 5.022, we can establish that the equivalent cost at current prices of said building would have been $ 5,022,000.

6 0
3 years ago
A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to
nasty-shy [4]

Answer:

Correct Answer:

a. Manufacture the product at home and let foreign sales agents handle marketing.

Explanation:

For the small Canadian company, manufacturing the product at home (Canada) would afford them the opportunity to protect their new medical product from piracy. Also, they would be able to receive tax incentives from their government as well file for patent of their new innovation.

<em>The foreign agent would strictly be focused on the marketing of the finished product without having access to the detailed information of the product.</em>

8 0
2 years ago
A in the expected future exchange rate ______ the demand for u.s. dollars. in the u.s. demand for imports _______ the demand for
KIM [24]

A in the expected future exchange rate increases the demand for u.s. dollars. in the u.s. demand for imports does not change the demand for u.s. dollars.

In economics, demand is the number of goods that consumers are willing to purchase at various prices in a particular location and during a particular period of time. [1] The relationship between price and quantity demanded is also called the demand curve. Demand for a particular item is a function of perceived need, price, perceived quality, convenience, available alternatives, disposable income, buyer preferences, and many other options.

Demand refers to the consumer's willingness to buy and pay for goods and services without hesitation. Simply put, demand is the number of items that customers are willing to purchase at various prices over a period of time.

Learn more about demand here

brainly.com/question/1288364

#SPJ4

8 0
1 year ago
Other questions:
  • The space on freeway is fixed at any instant of time. A supply curve that shows this is
    14·1 answer
  • What refers to the quantity of goods and services that consumers are willing to buy at a given price? refers to the quantity of
    13·2 answers
  • You want to buy a $300,000 home. You have $30,000 as a down payment. Therefore, buying the house will require you to take out a
    8·1 answer
  • A project with an initial investment of $449,300 will generate equal annual cash flows over its 10-year life. The project has a
    10·1 answer
  • The three C's used in the subjective approach to determining a credit score
    15·1 answer
  • Indifference curves that are higher than others necessarily imply that for every given quantity of one good A. more of the other
    9·1 answer
  • The dean of the Western College of Business must plan the school’s course offerings for the fall semester. Student demands make
    13·1 answer
  • ________ is based on research that estimates how much of a product will sell over a given period of time.
    11·1 answer
  • What is the first step in the management decision making process
    12·1 answer
  • Which of the following BEST describes business strategy? a strategy that assists first-line managers in making day-to-day decisi
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!