Answer:
Step-by-step explanation:
Answer:
Proper Subsets = 1023
Step-by-step explanation:
Given
Required
Determine the proper subsets
Proper Subset (P) is calculated using;
Where
In this case;
So:
Hence;
<em>Proper Subsets = 1023</em>
Answer:
The minimum number of hours the plumer can work is 1 hour and 15 minutes and the maximum number of hours is 6.
Step-by-step explanation:
Answer:
b. average total cost = total cost/quantity of output
Step-by-step explanation:
The marginal cost is the additional cost of producing one more unit of output and it can be calculated by taking the change in total cost and dividing it by the change in quantity, its formula is:
- <em>Marginal cost = change in total cost/ change in quantity</em>
The average total cost (sometimes referred to simply as average cost) is total cost divided by the quantity of output, its formula is:
- <u><em>Average total cost = total cost / quantity of output</em></u>
The total cost is obtained adding together the fixed costs and the variable costs, its formula is:
- <em>Total cost = fixed cost + variable cost</em>
The average variable cost is obtained when variable cost is divided by quantity of output, its formula is:
- <em>Average variable = variable cost / quantity of output</em>
I hope you find this information useful and interesting! Good luck!
