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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

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Technology influences the inner workings of a free-market
Genrish500 [490]
True hope this is correct

5 0
3 years ago
You are to receive an annuity of $1,000 per year for 10 years. You will receive the first payment two years from today. At a dis
Neporo4naja [7]

Answer:

present value of annuity is $61445.66

Explanation:

given data

annuity P = $1,000 per year

time t  = 10 year

rate r = 10% = 0.01

to find out

present value of annuity

solution

we will apply here present value formula that is

present value = P ( 1 - ( 1 + r )^-t ) / r  ..........................1

put here all value for r, t  and P in equation 1

present value = P ( 1 - ( 1 + r )^-t ) / r

present value = 1000 ( 1 - ( 1 + 0.1 )^-10 ) / 0.01

present value = 61445.66

so present value of annuity is $61445.66

8 0
3 years ago
in may 2021, sandra's office was burglarized, and she determined that approximately $21,000 of equipment was taken. in september
victus00 [196]

The replacement period ends on December 31,2023 based on the information given about the insurance.

<h3>How to explain the information?</h3>

It should be noted that the replacement period is the period beginning and ending the reimbursement of an equipment.

It should be noted that the replacement will begin on the date when the equipment was stolen. In this case, it will then end two years after the close of the first tax year where the part of gain is realized.

Therefore, the replacement period ends on December 31,2023

Learn more about insurance on:

brainly.com/question/25855858

#SPJ1

Options

A) September 30, 2023

B) December 31, 2023

C) December 31, 2022

D) December 31, 2021

5 0
2 years ago
Find out what the company policy is om communication​
Alenkinab [10]

The company policy is on communication​ is an internal communication policy is a record that summarizes an organization's approach to its internal communication with its employees. The internal policy highlights and recognizes what information can be transferred and communicated.

<h3>What are the kinds of workplace communication policies?</h3>

There are four prominent kinds of workplace communication: verbal, body, phone and written. During any point in the workday, you are always encountered with at least one

<h3>Why are communication policies necessary?</h3>

A communication policy can, therefore, be an agency for supporting the periodic planning, development and use of the communication system, and its help and possibilities, and for providing that they function efficiently in enhancing national growth.

To learn more about internal communication, refer

brainly.com/question/5657333

#SPJ9

4 0
2 years ago
Haidy consumes Pepsi exclusively. She claims that there is a clear taste difference and that competing brands of cola leave an u
timama [110]

Answer:

Consumers are always willing to pay more for brand name

Explanation:

This is absolutely incorrect as there is no connection between how people pay for product and the brand. It is called a blind critics.

The preference of customer will always differ everytime and the good brands are likely to get more customers because their quality and satisfactory rate are always at Top level.

The competitors can only get into the market and get its shares if their quality and satisfactory rate of their product is also good as their rivals product.

3 0
3 years ago
Read 2 more answers
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