The decision to build the park or not would be based solely
on the cost – benefit relationship of this project. Since there is no other
factor considered in this problem, you only need to see if the benefit of
constructing the park would exceed its cost. In this problem, the cost to
construct the park is $20,000 while the marginal benefit would be $24,000
($8,000 x 3 families that can benefit from this project). Therefore, you can
say that the benefit has exceeded its cost. As a conclusion, the neighborhood
park should be built because it benefits the families living in that area more
than its cost.
If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)
<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>
- Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
- This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
- The company closes if the price falls below the average variable cost.
Marginal revenue is the change in total revenue when one more unit of a commodity is sold.
MR= change in TR/change in quantity sold
Average revenue refers to revenue per unit of output.
AR=TR/Q
Relationship between AR and MR:
If AR is constant, MR is equal to AR.
Both are indicated by the same horizontal straight line(a situation of perfect competition)
To learn more about marginal revenue, refer to
brainly.com/question/13444663
#SPJ4
Answer: C.grown with pesticides and chemical fertilizers
Explanation: We must choose this answer because pesticides and chemical fertilizers are guilty of most allergies and diseases worldwide. The best action you can do is choose 100% natural and organic items certificate on the label, so we make sure that they will be suitable for our consumption without any consequence.
Answer:
1. $9.07
2. $25.5
Explanation:
(a) Total Cost:
= 260,000 × 60% (Wages and Salaries) + 60,000 × 50% (Other Overhead)
= $186,000
Cost of Wages and Salaries and Other Overheads Charged to Each Bouquet:
= Total Cost ÷ Total Bouquets
= $186,000 ÷ 20,500
= $9.07
(b) Total Cost:
= 260,000 × 30% (Wages and Salaries) + 60,000 × 40% (Other Overhead)
= $102,000
Cost of Wages and Salaries and Other Overheads Charged to Each Delivery:
= Total Cost ÷ Total Delivery
= $102,000 ÷ 4,000
= $25.5
Answer:
most
little
risk taking
regardless of
Explanation:
The FDIC insures the deposits of depositors.
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
Because banks knows that the deposit of customers are insured, it increases their risk taking. this is known as adverse selection