Answer:c
Step-by-step explanation:
Profit maximization happens with marginal revenue is equal to marginal cost, so if Grant's assumption was right before selling the extra unit, when he actually sells the extra unit, this will increase his revenue
That's why the answer is c
Marginal revenue will exceed marginal cost
Answer:
$23.50
Step-by-step explanation:
multiply 12 by 1.75 then add 2.50 to it to get the cost of taxi fee of 12 miles
I think this answers all the parts
Hope this helped :)
Answer:
y=2x+5
Step-by-step explanation:
To find a linear equation you must find the slope and y intercept to create an equation in y=mx+b form (slope-intercept form)
So slope is = y2-y1 / x2-x1 [2 and 1 are subscripts] so 11-7/3-1 so m=4/2 = 2
Slope = 2, now find b
So using y = mx + b, substitute what you know so 7 = 2(1) + b so b=7-2 = 5
Put it all together y = 2x + 5
Answer:
12.5%
Step-by-step explanation:
There are two types of spinners here and the outcome of them is independent. That means
P(odd number,C) = P(odd number) * P(C)
There are two odd numbers out of four numbers in the first spinner. The chance of odd number will be:
P(odd) = 2/(2+2)= 1/2= 50%
There are four letters and the desired outcome is C. The chance for C will be:
P(C)= 1/4= 25%
Then the chance will be:
P(odd number,C) = P(odd number) * P(C)
P(odd number,C) =50% * 25% = 12.5%
