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
Fantom [35]
3 years ago
15

Your opportunity cost of cutting hair at your barbershop is $20 per hour. Electricity costs $6 per hour, and your weekly rent is

$250. You normally stay open nine hours per day. What is the marginal cost of staying open for one more hour?
A) $276
B) $26
C) $250
D) $37
Business
1 answer:
Brilliant_brown [7]3 years ago
3 0

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

You might be interested in
Bolton Tire Manufacturing and the union came to an impasse during negotiation of the collective bargaining agreement. Specifical
Maslowich

Answer:

The correct answer is the option A: the employees have engaged in an unfair labor practice strike.

Explanation:

To begin with, due to the fact that the union was already establishing the area for the negotiation and they might have planeed obviously to keep trying to increase the situation in their favour then the action taken by the employees was a bit hurry and was obvious that was not thought very well with calm minds and therefore that they engaged in an unfair labor practice strike because they had to be patience and wait for the union to improve the situation for them, because their are the representatives and if the company sees that the workers do not obey to the representatives then the union will lose negotiation power and the situation will get worse for them.

4 0
3 years ago
Does the richest person in the world face the problem of​ scarcity?
Morgarella [4.7K]

Answer:Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.

Explanation:

Economists say our "want " exceeds our "have" nomatter what the state of economy we find ourselves in but what we want always exceed what we have.

We may accumulate the greatest riches of this world but still we may even desire and want to buy another planet hypothetically speaking.

We are always craving for more than what we have no matter how large or huge what we have is but still our hearts yearns for more than that.

The more wealth we accumulate the more our desires increase because we keep wanting the next thing that is better than what we already have.

4 0
3 years ago
Quality assurance in the dental office is a way of ensuring that everything possible is being done to produce high-quality diagn
garri49 [273]

Quality assurance in the dental office is a way of ensuring that everything possible is being done to produce high-quality diagnostic images and includes quality control administration procedures and control tests.

<h3>What is quality assurance?</h3>

These are the activities that ensure thorough checks are carried out in a system so that the requirements and objectives for a product or service will be accomplished.

In other words, it is the method which prevents or protect the mistakes and the defects in the products which are manufactured and avoid the problem when the product or service is delivered to the customer.

Learn more about quality assurance here: brainly.com/question/13876752

#SPJ1

5 0
1 year ago
____ attributes are those that require some trial or consumption before evaluation
iris [78.8K]
<span>Experience attributes are those that require some trial or consumption before evaluation.</span>
8 0
3 years ago
Cane Company manufactures two products called Alpha and Beta that sell for $130 and $90, respectively. Each product uses only on
lyudmila [28]

Answer:

Explanation:

a. Raw material needed to make one unit

Alpha = 25/5 = 5 Pound

beta = 10/5 = 2 Pound

b.  Contribution margin per pound

                                                                         Alpha Beta

Selling price                                                   130 90

Direct material                                            25 10

Direct labor                                                    22 21

Variable manufacturing overhead              17 7

Variable selling expenses                              14 10

Contribution margin per unit                     52 42

pound per unit                                               5 2

Contribution pound per pound                   10.4 21

c. product mix

Pound Unit

Beta 62000*2 = 124000 62000

Alpha 38000 38000/5 = 7600

Total 162000  

d.  Maximum contribution margin = (62000*42+7600*52) = $2999200

e.  Highest price = 10.4+5 = 15.40 per pound

7 0
3 years ago
Other questions:
  • What does trip planning help reduce
    8·2 answers
  • Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any
    12·1 answer
  • explain how plants and algae use sunlight how is this process important to other living in an ecosystem
    13·2 answers
  • Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
    13·1 answer
  • On October 1, 2018, Renfro Company purchased to hold to maturity, 4,000, $1,000, 9% bonds for $3,960,000 which includes $60,000
    7·1 answer
  • The editorial team at egghead textbook publishing was having trouble thinking of an exciting new approach to teaching history. c
    7·1 answer
  • Which is NOT a reason companies integrate horizontally?
    13·1 answer
  • Bavarian Bar and Grill opened for business in November 2021. During its first two months of operation, the restaurant sold gift
    14·1 answer
  • Sheffield Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 83,000 with terms 2/10 n/3
    13·1 answer
  • Which describes a small group of firms that control a particular market for goods,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!