Answer:
$20
Explanation:
Given that,
Total fixed cost = $4,200
Number of workers employs = 30
Wages = $160 per worker
Average product of labor = 2
Marginal product of last labor hired = 8
Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.
Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:
= Wages per worker ÷ Marginal product of last labor hired
= $160 ÷ 8
= $20
Answer:
D. Lily because her final cost, including finance charges, is less than Veronique’s.
Explanation:
just took the pre test
Answer:
b. place
Explanation:
Place utility refers to the availability of the product in a place or manner that is favorable to the customer. By providing different payment options like debit, credit card as well as cash payment, Albertsons has provided time utility.
Answer: C. Low risk, low return
Explanation:
The answer for this question is: <span>Only full text, peer reviewed, contains images
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