Answer:
D) Bike 4
Explanation:
Marginal cost is the additional expense associated with the production of an extra unit. Calculating marginal costs will involve isolating the expense of the last unit from the previous productions.
The graph has already isolated the cost of the extra unit from the previous output.
From the graph, Bike 4 has a marginal cost of 4.
Vernon produces and sells only 6,100 bikes each year. Due to the low volume of activity, Vernon is unable to obtain the economies of scale that larger
<h3>What is
bikes?</h3>
A bicycle, also known as a pedal cycle, bike, or cycle, is a single-track, human-powered or motor-powered assisted vehicle with two wheels attached to a frame, one behind the other. A cyclist or bicyclist is someone who rides a bicycle. Bicycles were first introduced in Europe in the nineteenth century.
Infants under the age of 12 months should not be carried on a bicycle and should not sit in a rear bike seat. Infants should not be carried on a bike in backpacks or front carriers. It is not advised to leave babies in slumped positions for extended periods of time.
To know more about bikes follow the link:
brainly.com/question/18927762
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Answer:
$94,000
Explanation:
A local hardware store has explicit cost of $2 million per year
The implicit costs are $44,000 per year
The store earned an economic profit of $50,000 last year
Therefore, the store's accounting profit can be calculated as follows
Accounting profit = Implicit costs + economic profit
= $44,000 + $50,000
= $94,000
Hence the store's accounting profit is $94,000
The concept by which pay is distributed based on work produced rather than hours worked was called piece work. <span>Piece </span>work<span>, or output </span>work<span> as it is sometimes </span>called<span>, is </span>the concept<span> that workers are </span>paid<span> for </span>work produced rather than<span> the number of </span>hours worked<span>. Hope this answers the question. Have a nice day.</span>
