The judicial branch can over rule or deem a law or veto, unconstitutional.
Answer:
$24 is the marginal cost of producing the third unit of output.
Explanation:
We know that the average variable cost of producing 3 units is 32, if we multiply 32 by 3 we get the total variable cost of producing 3 units. So 96 is the total variable cost of producing 3 units. Now we know that the marginal cost of producing the firs unit is 40 and the second unit is 32 so we can subtract (32+40) from 96 to find the marginal cost of the third unit.
96-(32+40)=24
Answer:
In the first instance money serves as <u>Unit of account</u>
In the second instance money serves as <u>Medium of Exchange</u>
Explanation:
<em>Money as Unit of Account:</em> Money is a standard unit of account which means that money is common standard for measuring relative worth of goods and services.
In the first instance the super Slurpee is measured against the money and it is decided that amount of $1.39 is equal to the worth of super Slurpee.
<em>Money as Medium of Exchange:</em> Money acts as medium of exchange for the transactions to occur.
In the second instance, after the worth of super Slurpee has been decided in terms of money, $1.39 are exchanged for the super Slurpee.
Answer:
C) the market price falls below $170 per unit.
Explanation:
If this firm is a price taker, it means that it is operating in a perfect competition market. In such markets, since the entry and exit barriers are very low or nonexistent, if the equilibrium price falls below the variable cost, the firms should halt production in the short run until the equilibrium price rises again. The firm should resume production only after the equilibrium price exceeds the variable costs.
This situation is only applicable on the short run. On the long run the firm should only produce if the equilibrium price is greater or equal to its marginal cost.
Answer:
$264.00
Explanation:
Calculation to determine What will you enter on the NET DEPOSIT line
First step is to calculate the Total deposit checks
Total deposit checks = $72.50 +$65.25
Total deposit checks= $137.75
Second step is to add up the amount she has in the account.
6 ones = $11
4 fives = $20
4 tens = $40
4 twenties = $80
6 nickels = $0.30
12 dimes = $1.20
15 quarters = $4.00
Total 156.5
Now let calculate What will you enter on the NET DEPOSIT line
NET DEPOSIT line=($137.75+156.5)
NET DEPOSIT line=$294.25
NET DEPOSIT line=$294.00
Therefore What will you enter on the NET DEPOSIT line is $294.00