Answer:
The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators
Explanation:
Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator
This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct
Answer:
A. and B. Because to tell my mom how my day. And To talk to my roommate to get to know them better
Explanation:
Answer:
$95
Explanation:
average variable cost per unit = $65
average fixed cost per unit = $300,000 / 10,000 = $30
average total cost per unit = $95
Fixed costs do not vary if the production output changes, while variable costs move in the same direction as the production output, e.g. if output increases, variable costs increase as well.
Answer:
This choice confirms Georg Simmel's theory that says that <u>DEPERSONALIZED EXCHANGE</u> is part of a historical evolution of the economy that has many advantages.
Explanation:
Simmel was a German sociologist that studied social theories about living in large cities and how it changes their social interaction. In Simmel's view, social relationships have been altered by money and what money represents in modern economies. According to him, individuals will choose money over personal relationships and other needs.
In this case, Samara prefers cash instead of other goods that could satisfy her needs, since she knows she can use money to exchange for other goods or services.
