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Vesnalui [34]
2 years ago
10

Calvin is a college student who has identified the need his fellow students have for transportation to and from a nearby store.

He owns a van that can carry four people in addition to himself; he pays $50 insurance costs per month. He has calculated that his cost of transporting his fellow students will be $2.50 per student per round-trip ride, assuming he has a full van. Given this information, which statement is correct, assuming Calvin has a full van?
Business
1 answer:
xeze [42]2 years ago
4 0

Answer:

Calvin's marginal cost is constant at $2.50; Calvin's average variable cost is constant at $2.50.

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The correct answer is: substitution effect.

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2 years ago
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A mistake known as double counting in accounting occurs when a transaction is counted more than once for any reason. But when an attempt is made to quantify the new value produced by Gross Output or the value of all investments, it also alludes to a conceptual issue in social accounting practice.

A mistake known as double counting in accounting occurs when a transaction is counted more than once for any reason. But when an attempt is made to quantify the new value produced by Gross Output or the value of all investments, it also alludes to a conceptual issue in social accounting practice.

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brainly.com/question/1098565

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1 year ago
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