1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bixtya [17]
4 years ago
5

In the short run, the marginal cost of the first unit of output is $40, the average variable cost of producing three units of ou

tput is $32, and the marginal cost of producing the second unit of output is $32. What is the marginal cost of producing the third unit of output?
Business
1 answer:
ludmilkaskok [199]4 years ago
7 0

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

You might be interested in
In the context of the competitive environment of a business, the best measure of value is the:
VARVARA [1.3K]

Answer:

C. size of the gap between product benefits and price

Explanation:

I will use a scenario to explain this. Let's say that there is 2 machines. Machine A and Machine B.

- The cost of Machine A is $10,000. You can make around 2000 units of goods with it.

- The cost of Machine B is $50,000. You can make around 5000 unites of goods with it.

From the sample above, we can say that machine B is definitely better than machine A in terms of performance. BUT, machine A held more value compared to machine B.

To produce 1 units of goods, you need to sacrifice around $5 with machine A. If you use machine B, you need to sacrifice around $10 for a single good

3 0
3 years ago
In class, we noted that the Gap, Inc. operates several brands in order to make it easy for people to express their personal styl
ad-work [718]

Answer:

The answer is: Multi-segment marketing

Explanation:

Multi-segment marketing (or differentiated marketing) happens when a company tries to increase their market share by offering their products to different marketing segments. They try to reach as many market segments they can, using different promotional strategies for every segment. Nowadays, only big companies can afford this type of marketing strategy.

7 0
3 years ago
What not true about lockout tagout
Art [367]
It’s not true that Lockout/Tagout is to be used only in extreme cases of potential electrical hazard.

Hope this helps answer your question.
~Brooke❤️
6 0
3 years ago
The head of an advertising agency predicts that the client's sales will double within six months after the new advertising campa
finlep [7]

Answer:

It is a prediction made from the results of some data that have been taken as the basis of an investigation.

Explanation:

A hypothesis is a conjecture or assumption made from a sample of data that serves as the basis for initiating an investigation, and its results yield what can be expected upon execution.

6 0
3 years ago
If inspections and licenses are required, then the role of government being represented is a ______.
mestny [16]

Answer:

"Supervisory body" is the right approach.

Explanation:

  • A case investigator who usually reviews lawsuits regarding businesses and governments is considered a Supervisory body.
  • It would be the independent central parliamentary entity responsible for the supervision of law enforcement records audit, the passenger details unit as well as the Federal or state authorities service Inspectorate.
7 0
3 years ago
Other questions:
  • An advantage of the single-step income statement over the multiple-step form is:______. a. its use in computing ratios. b. the a
    6·1 answer
  • Jie consumes three heads of broccoli and six bowls of rice each week. the price of a head of broccoli is $2 and the price of ric
    8·1 answer
  • What factors determine the interest rate that will be charged for money borrowed
    15·1 answer
  • According to the law of demand, assuming Ceteris Paribus,
    10·2 answers
  • When total revenue is less than variable costs, a firm in a competitive market will?
    15·1 answer
  • If, when the price of a product rises from $2 to $3, the quantity demanded of the product decreases from 600 to 400, the price e
    7·1 answer
  • In one hour, the United States can produce 25 tons of steel or 250 automobiles. In one hour, Japan can produce 30 tons of steel
    6·1 answer
  • Issuing ________ increases a firm's debt and may adversely affect the financial community's perception of the firm.
    13·1 answer
  • Jerry Rice and Grain Stores has $4,030,000 in yearly sales. The firm earns 2.2 percent on each dollar of sales and turns over it
    15·1 answer
  • Which of the following characteristics of the Federal Reserve System BEST illustrates its decentralized structure?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!