Answer:
Marginal cost, average variable cost, and average total cost will increase. Average fixed cost will not change.
Explanation:
Marginal Cost is the change in total cost as a result of producing one extra unit of output.
Variable cost is cost that varies with output level. Average variable cost = variable cost / quantity produced
Fixed cost is cost that doesn't vary with the level of output produced. Average fixed cost = Fixed cost / quantity produced.
Total cost is the sum of fixed and variable cost. average total cost is total cost / quantity produced.
If the price of supplies increase, the cost of production increases and average total cost, average variable cost and marginal cost would increase.
Fixed cost would remain the same.
I hope my answer helps you
Country ABC shows that it has ABSOLUTE ADVANTAGE over Country XYZ.
The absolute advantages is proven when Country ABC was able to produce a unit of good 1 with fewer resources than Country XYZ.
Absolute advantage is different from comparative advantage.
Comparative advantage deals with opportunity cost. If a country is able to produce goods at lower opportunity cost than its trading country, then, it has comparative advantage.
Answer:
a) 7.627144987
b) 5.605222315
c) 20.04031392
d) 10.17644951
Explanation:
We need to solve for years starting from the future value of a lump sum formula:
We use logarithmics properties and solve:
a)
log(1655/800)/log1.1 = n
7.627144987
b)
log(4250/2491)/log1.08 = n
5.605222315
c)
log(392620/33905)/log1.13 = n
20.04031392
d)
log(214844/33600)/log1.20 = n
10.17644951
Answer:
1. karl benz
Explanation:
because his name ends with Benz
