The marginal cost is how much it costs to produce one item more. It cost 0$ to produce 0 bikes but if you make one, then it costs 80$. Hence the marginal cost for the first bike is 80$. For the fourth bike, we have that the 3 bikes cost 110$ and the 4 bikes cost 130$. Hence it costs 20$ dollars to produce one more bike (from 3rd to 4th) and hence the marginal cost is 20$. Similarly for the 6th bike, we compare the cost of producing 5 bikes to the cost of producing 6 bikes and we get that the marginal cost is 50$. Applying the same methodology, the marginal cost for the 7th bike is 60$.
Effective communications and critical thinking are examples of ______.A. mission statements
B. values
C. integrity
D. student outcomes
The post world war II record shows that recessionary gaps may be long-lasting because <u>deflation</u> tends not to occur.
Deflation is when customer and asset prices lower over time, and shopping power will increase. Essentially, you may buy greater goods or offerings the day after today with the identical amount of cash you've got nowadays. this is the replicate picture of inflation, that is the gradual growth in costs across the economy.
Deflation is when the charges of products and offerings decrease throughout the complete economic system, increasing the shopping power of clients. it is the opposite of inflation and may be taken into consideration as terrible for a state as it can signal a downturn in an economic system, leading to a recession or despair.
A recessionary gap, or contractionary gap, happens when a rustic's actual GDP is decreased than its GDP at complete employment. Recessionary gaps near when actual wages go back to equilibrium, and the number of exertions demanded equals the amount supplied
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The answer is Alaska and Hawaii. I hope this helped.
