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Allushta [10]
3 years ago
9

You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You plan to drive it 200 miles

. What is the marginal cost of driving the car beyond the first 150 free miles?
Business
1 answer:
kari74 [83]3 years ago
5 0

Answer:

marginal cost is 15 cents

Explanation:

given data

car rent = $29.95

distance d1 = 150 miles

cost = 15 cents per miles

distance d2 = 200 miles

to find out

marginal cost

solution

first we find here cost for driving d2

cost for 150 to 200 miles  = 15 × 50

cost for 150 to 200 miles  = 750 cents = $7.5

so

cost for driving d2  = $7.5 + $29.95

cost for driving d2 = $37.45

so

marginal cost will be

marginal cost = change in cost / chance in distance

marginal cost = 37.45 - 39.95   /   ( 200-150)

marginal cost = 7.5 / 50  = 0.15

marginal cost is 15 cents

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Answer: Gemma took a <em>values inventory </em>in her career explorations class. This indicated to Gemma that money and status may mean a lot to her, but she also finds it healthy to maintain a work-life balance. The correct answer is B.

Explanation:

A values inventory is commonly given in school to help a student with their career goals. They are usually given a personality inventory, an aptitude assessment, and an interest inventory.

The values inventory worksheet has two separate sets of questions about life values and work values. On this worksheet, the student must choose from the columns of "must have, would like, and least important."

A few of the life values a student has to choose from are listed below.

1.) Being Healthy as can be.

2.) Having a happy family life

3.) Having a high status and prestige

4.) Having material possessions in life.

A few of the work values a student has to choose from are listed below.

1.) Being a leader at work.

2.) Working as a team member.

3.) Having experiences that are creative.

4.) Having job security.

8 0
3 years ago
National Chemical Company manufactures a chemical compound that is sold for $55 per gallon. A new variant of the chemical has be
shepuryov [24]

Answer:

National Chemical Company

New Variant of a Chemical Compound:

The effect on total profit if National produces the new compound variant is that total profit increases by $33,200

Explanation:

a) Data:

Selling price of old chemical = $55

Selling price of fined chemical = $78

Initial demand for the new compound = 8,300 gallons

Refining costs for the new compound = $157,700

b) Calculations:

Profit from new fined chemical = $23 ($78 - 55)

Differential Sales revenue =  $190,900 ($23 x 8,300)

Differential processing costs $157,700

Effect on total profit =              $33,200

c) Refining a chemical always add some value to the chemical.  The additional value added is the differential sales revenue that National generates minus the additional processing costs involved to get the chemical refined.

8 0
2 years ago
f covered interest arbitrage opportunities do not exist, Group of answer choices interest rate parity holds. interest rate parit
kodGreya [7K]

Answer: interest rate parity holds

Explanation:

Covered interest arbitrage is a trading strategy that is used by an investor when the person whereby takes advantage of the differences in interest rate between two nations and invest in the currency that brings higher value.

If covered interest arbitrage opportunities do not exist, it simply means that interest rate parity holds.

7 0
3 years ago
Which one of the following budgeting methodologies would be most appropriate for a firm facing a significant level of uncertaint
cricket20 [7]

Answer:

D. Flexible budgeting is the correct answer.

Explanation:

Flexible budgeting is the budget plan that changes as per the company's requirement.

The advantages Flexible budgeting are:

  • It assists the management of the organization to decide about the business situation and production level.
  • It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.
8 0
3 years ago
Thomas collects dimes and quarters in his change jar. if he has 4 more dimes than quarters, and the total amount of money in the
Gelneren [198K]

There are 75.29 quarters and 79.29 dimes in the jar.

Given,

In his change jar, Thomas collects dimes and quarters.

So if he has 4 more dimes than quarters, and the total amount of money in the jar is $26.30

Thus,

Let, x be the number of dimes.

And y be the number of quarters.

If Thomas has 4 more dimes than quarters,

y = x + 7

On the other hand, the total amount of money in the jar is $26.30.

0.24x + 0.10y = 26.30

Substitute the value of y in the given equation 2

0.24x + 0.10y = 26.30

0.24x + 0.10 (x+7) = 26.30

0.24x + 0.10x + 0.7 = 26.30

0.34x = 26.30 - 0.7

0.34x = 25.6

x = 25.6 / 0.34

x = 75.29

Substitute the value of x in the given equation 1

y = x + 4

y = 75.29 + 4

y = 79.29

Hence, there are 75.29 quarters and 79.29 dimes in the jar.

To learn more about quarters here:

brainly.com/question/14198492

#SPJ4

6 0
1 year ago
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