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erica [24]
3 years ago
6

While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has

a value meal containing three tacos and a medium drink all for $3. For Jordan, the marginal cost of the third taco would be:________
a. 0.
b. 50 cents.
c. 80 cents.
d. 1.
Business
1 answer:
marysya [2.9K]3 years ago
4 0

Answer:

(B). 50 cents

Explanation:

<u>Marginal cost</u><u> is the cost incurred by producing or purchasing one more unit of an item.</u>

If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).

However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.

Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.

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Mark currently has a balance of $973.70 in an account he has held for 17 years. He opened the account with an initial deposit of
IrinaK [193]

Answer:

Simple interest= $273.7

Explanation:

<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>

<em> Simple interest is calculated as follows:</em>

Simple interest = Principal × Rate × Time

or

Simple interest = Future sum - Principal amount invested

DATA

Future sum- $973.70

Principal amount invested-700

Simple interest = 973.70 - 700=273.7

Simple interest= $273.7

5 0
3 years ago
A firms have no incentive to enter or exit the industry. Select one: a. market price is equal to minimum long.run average cost.
Artyom0805 [142]

Answer: The correct answer is "d. all of the above"

Explanation: In a perfectly-competitive industry a firm have no incentive to enter or exit the industry when:

- market price is equal to minimum long-run average cost.

- each firm earns a normal return.

This happens because in perfect competition companies reach a long-term equilibrium where extraordinary benefits are eliminated.

6 0
3 years ago
The Keynesian view of economics assumes that:
olga nikolaevna [1]

Answer:

The correct answer is

b. wages are sticky.

good luck

7 0
3 years ago
Let S(x) denote "x obeys the speed limit," where the domain is the set of all drivers. Express the negation of the proposition "
Ira Lisetskai [31]

Answer:

Using Quantifiers: ¬∃x¬S(x)≡ ∀xS(x)

English Language: All drivers obey the speed limit

Explanation:

The domain is the set of all drivers i.e. the domain of drivers

Let S(x) be the predicate “x obeys the speed limit.”

The above statement can be written as ∃x¬S(x),

The negation is represented by ¬∃x¬S(x)≡ ∀xS(x)

In English Language, it is ->, all drivers obey the speed limit

8 0
2 years ago
​Andre, Beau, and Caroline share profits and losses of their partnership in a ​:​: ratio respectively. If the net income is ​, c
Brums [2.3K]

Answer: $545,454.55

Explanation:

Caroline's share of the profit would be her sharing ratio over the total ratio time the net income.

= (6 / ( 6 + 2 + 3)) * 1,000,000

= 6/11 * 1,000,000

= $545,454.545

= $545,454.55

7 0
3 years ago
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