Answer:
Marginal cost is greater than its average cost.
Explanation:
Given that,
Cost of producing 500 graphing calculators = $35,000
Cost of producing 501 graphing calculators =$35,080
Therefore,
The marginal cost = Cost of 501 graphing calculator - Cost of 500 graphing calculator
= $35,080 - $35,000
= $80
Average cost:
= $35,000 ÷ 500
= $70
Therefore, the marginal cost is greater than its average cost.
In the long run, the most important source of increase in a nation's standard of living is high rate of economic growth.
<h3>What is economic growth?</h3>
This refers to continuous increase in the total amount of goods and services produced within a country.
The long run is a period in which all factors of productions are variable hence high rate of economic growth is essential towards a nation's standard of living.
Learn more about economic growth here: brainly.com/question/1690575
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Answer:
A master limited partnership
Explanation:
A master limited partnership are a business venture that exists in the form of a publicly traded limited partnership in the sense that they combine the tax benefits of a private partnership (profits are taxed only when investors receive distributions) with the liquidity of a publicly-traded company.
MLP are traded publicly on the exchange market.
Hence the best answer that explains the question is Master Limited Partnership (MLP)
Answer:
eq. quantity and eq. price decrease
Explanation:
If income rises, because hotdogs are inferior goods, the demand for them will decrease and if at the same time minimum wage increases, then costs of production will increase, and total supply will decrease. The change in demand is a shift to the left of the demand curve, and the change in supply is also a shift to the left of the supply curve.The figure attached shows this two changes, the result is a decrease in the equilibrium quantity and price of hotdogs.
Answer:
$300
Explanation:
Gina fox have started her own company where she shirts are imprinted for special occasions
The cost of using equipments for the short production is $350
The materials used in one shirt costs $8
The selling price is $15
Therefore if Gina sells 20 shirts then, her total revenue can be calculated as follows
= Selling price × number of shirts that was sold
= $15 × 20
= $300
Hence Gina's total revenue is $300
