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kupik [55]
3 years ago
8

Ben was considering spending his gift card on books, music downloads, or movie tickets. He chose the movie tickets. Any values g

iven up from not choosing the books and music downloads are called _____ .
a. incentives
b. opportunity costs
c. trade-offs
Business
1 answer:
Bess [88]3 years ago
6 0

Answer:

b

Explanation:

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Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will ca
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The answer is: A) Decrease in the demand for printers and a decrease in the quantity supplied of printers.

Explanation:

Since computers and printers are complimentary products, the increase in the price of computers will decrease the quantity demanded of computers and printers. Since the quantity demanded for printers will decrease, the quantity supplied should also decrease.

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How may the following products be brought as convenience goods, especially
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4 0
2 years ago
When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marg
Elena-2011 [213]

The question is incomplete. The complete question is :

A manufacturer of mountain bikes has the following marginal cost function:

                                           $C'(q)=\frac{700}{0.7q+8}$

where q is the quantity of bicycles produced.

When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook.

a) If the fixed cost in producing the bicycles is $2800, find the total cost to produce 30 bicycles?

b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bikes?

Solution :

Given :

$C'(q)=\frac{700}{0.7q+8}$

a). Fixed cost, FC = $ 2800

Total cost to produce 30 bicycles is :

 $C = 2800 + \int_0^{30} C'(q) \ dq$

      $ = 2800 + \int_0^{30} \frac{700}{0.7q+8} \ dq$

     $= 2800+700\left[\frac{\ln (0.7q+8)}{0.7}\right]^{30}_0$

     $=2800+1000[\ln ((0.7 \times 30)+8)- \ln 8 ]$

     $= 2800 +1000 [\ln 29 - \ln 8]$

    = 2800 + 1287.85

    = $ 4087.85

b). Total selling price = $ (200 x 30)

                                   = $ 6000

    Profit  =  6000 - 4087.85

                = $ 1912.15

     

3 0
3 years ago
If the price of gasoline increases significantly, then we’d expect the price for hybrid and electric cars to.
NikAS [45]
Yes because everybody will want so and so car so the price will rise
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2 years ago
Often, products enter the Blank______ stage of the product life cycle not due to any error in strategy but because of environmen
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Often, products enter decline the  stage of the product life cycle not due to any error in strategy but because of environmental changes.

<h3>What is product life cycle?</h3>

A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.

<h3>What is the decline stage?</h3>

The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.

The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.

Learn more about Decline Stage of Product on:

brainly.com/question/6960017

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4 0
2 years ago
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