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Fynjy0 [20]
3 years ago
11

Marginal cost is equal to A. change in total variable cost divided by change in output. B. change in total cost divided by chang

e in output. C. total variable cost divided by quantity of output. D. Both A and B are correct.
Business
2 answers:
Ipatiy [6.2K]3 years ago
5 0

Answer:

D

Explanation:

If the cost function C is continuous and differentiable, the marginal cost  MC is the first derivative of the cost function with respect to the output quantity Q:

MC(Q)= dC/ dQ.

The marginal cost can be a function of quantity if the cost function is non-linear. If the cost function is not differentiable, the marginal cost can be expressed as follows:

MC=^C/^Q

where ^  denotes an incremental change of one unit.

vfiekz [6]3 years ago
5 0

Answer:

Option "B" is correct.

Explanation:

It is the change in total cost, not total variable cost over the output. Thank you.

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"Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but
nirvana33 [79]

Answer:

The right thing for Reginald to do Is to merge law and equity to resolve the situation.

Explanation:

It means Reginald should call the ten striking clerks to the table and hear out their grievances and do something about their grievances if the fault is from him(Reginald) so that they can get back to work, but if they fail to come to a compromise, the law can be apply.

3 0
3 years ago
Suzanna was recently promoted to manager and is ready to start her first project with her new team. In order to develop trust an
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After being recently promoted as a project manager for a new project with a new team, Suzanna must develop trust and establish the work rules by the way of interacting personally with her new team members.

<h3>Who is a project manager?</h3>

A person who is engaged or involved in planning, allocating and finishing a project for an organization, which is a part of the organizational goals, such a person is known as a project manager.

Hence, the significance of a project manager is aforementioned.

Learn more about a project manager here:

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5 0
2 years ago
John Gardner is the city planner in a medium-sized southeastern city. The city is considering a proposal to award an exclusive c
borishaifa [10]

Answer:

<u>Monopoly</u>

P =      $20.00

Q = 10,000

<u>Socically Efficient:</u>

P = $16.80

Q = 14,000

The monopoly generates a deadthweight loss to maximize their gain.

In the socially efficient situation, there is no deadthweight loss threfore this makes the economy as a whole better.

Explanation:

Price = 28 - 0.0008Q

Marginal Cost  = 0.0012Q

Revenue: P x Q = (28 - 0.0008Q) x Q = 28Q - 0.0008Q²

Marginal Revenue:

R' = R(q) / dq = 28 -0.0016Q

We want to produce and sale until marginal revenue matches marginal cost:

28 -0.0016Q = 0.0012Q

28 = 0.0028Q

Q = 28 / 0.0028 = 10,000

P = 28 - 0.0008 (10,000) =

P = 28 - 8 = 20.00

The social efficiency will be that Price equals Marginal Cost.

28 - 0.008Q = 0.0012Q

28 = 0.0020Q

28 / 0.0020 = Q = 14,000

P = 28 - 0.0008(14,000) = 28 - 11.2 = 16,8

7 0
3 years ago
Suppose a small economy produces only two goods: books and shirts. The opportunity cost of 1 book is constant at 3 shirts. For e
Anastaziya [24]

Answer:

Books Shirts

4 0

3 3

2 6

1 9

0 12

Explanation: At combination E, the economy is producing 0 books and 12 shirts. Since the opportunity cost of 1 book is 3 shirts, moving from point E to point D (gaining 1 book) requires this economy to produce 3 fewer shirts. Thus, the number of shirts in combination D must be 12 shirts−3 shirts=9 shirts. The rest of the combinations can be calculated in a similar fashion, with the answers summarized in the following table.

A 4 3−3=0

B 3 6−3=3

C 2 9−3=6

D 1 12−3=9

E 0 12

8 0
2 years ago
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