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
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

You might be interested in
Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trad
Sladkaya [172]
Given the chart, France, Italy and Greece all have very similar hours with similar averages for each activity. Therefore, no country has an absolute advantage in all of the activities. 
7 0
3 years ago
Read 2 more answers
Which of the following scenarios best exemplifies a platform business?Devin purchases electronic parts from a variety of vendors
PolarNik [594]

The example of a platform business is Myra’s test kitchen.

A platform business is one that facilitates exchanges between two or more groups. In this example, Myra is facilitating the exchanges between local growers and local chefs. In all of the other examples the business is selling their goods or services, which is not a platform business.

7 0
3 years ago
Monetary policy Select one: a. cannot be implemented quickly and most of its impact on aggregate demand occurs months after poli
Rama09 [41]

Answer:

c. can be implemented quickly, but most of its impact on aggregate demand occurs months after policy is implemented.

Explanation:

A monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).

Typically, a monetary policy can be implemented quickly by the central bank of a particular country, but most of its impact on aggregate demand occurs months after policy is implemented.

8 0
2 years ago
The article emphasizes that organizations must invest substantially in __________, which consists of the activities managers per
kolezko [41]

Answer:

Human resource management

Explanation:

Human resource management is an efficient way to deal with all the resources effectively. Moreover, it helps organisations to achieve a competitive advantage by retaining an effective workforce. The article emphasised on spending money on human resource management by highlighting some important aspects such as planning, developing and attracting customers. Moreover, it also helps employee’s to achieve maximum performance.

3 0
3 years ago
Any Burger King restaurant is an example of a _____________.
lianna [129]
The answer is D It is a franchise
8 0
3 years ago
Other questions:
  • Monty Company expects to have a cash balance of $58,410 on January 1,
    15·1 answer
  • Like every individual business must have
    15·1 answer
  • ¿Que es un mapa estratégico?
    14·1 answer
  • The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale
    15·1 answer
  • Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accou
    11·1 answer
  • Where can a Master Admin Accountant User view the apps connected to a client’s QuickBooks Online account from within QuickBooks
    15·1 answer
  • Refer to "Terrorism Preparedness" in your assigned readings. According to the article, identify what local, county, and state as
    14·1 answer
  • A company plans on selling 500 units. The selling price per unit is $10. There are 60 units in beginning inventory, and the comp
    8·1 answer
  • Question 2 Which of the following are wholesale and which are retail? (a)Large-scale deposits made by firms at negotiated rates
    12·1 answer
  • During 2011, Gum Co. introduced a new product carrying a two- year warranty against defects.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!