Answer: The price of the tied good is $20.
Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.
In this case, the total willingness to pay of Carnivore is $20+$7=$27
While, that of Leafygreens is $8+$12=$20
Thus, the producer will sell the combined good at $20 as it this price both the consumers will buy the tied good. If the producer sells it at $27, then only the Carnivore will buy the good but Leafygreens will not.
Thus, with zero marginal cost of serving additional consumer it is better for the producer to sell at $20.
Answer:
Total Cost = $300
Average Total Cost = $30
correct option is a.) Total cost is $300
Explanation:
given data
produces output = 10 units
Marginal Cost = $30
Average Variable Cost = $25
Average Fixed Cost = $5
solution
first we get here total cost that is
Total Cost = Total Variable Cost + Total Fixed Cost .................................1
so here Total Variable Cost = Average Variable Cost × Output
Total Variable Cost = $25 × 10
Total Variable Cost = $250
and total fix cost is = Average Fixed Cost × Output
total fix cost = $5 × 10 =
total fix cost = $50
so Total Cost is here
Total Cost = $250 + $50
Total Cost = $300
A) is correct
and
Average Total Cost will be
Average Total Cost =
...................2
Average Total Cost =
= $30
Average Total Cost = $30
Answer:
Personal finance skills help you to understand how much you earn, what are your monthly expenses, and help you budget within that income.
Explanation: