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3 years ago

The marginal benefit curve is:

Business

1 answer:

Semmy [17]3 years ago

7 0

Answer:

D. downsloping because successive units of a specific product yield less and less extra benefit.

Explanation:

This has to do with diminishing marginal productivity which causes that marginal costs to increase.

In true, close to 0 production, marginal costs decrease and marginal benefit curve increases. But because of diminishing marginal productivity, it (marginal costs curve) soons reaches a min and start increasing, which causes the marginal benefit curve to decrease

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Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

NemiM [27]

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

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3 years ago

Marty's, a clothing company, has a number of outlets that are owned and managed by private individuals. These outlets are allowe

Leya [2.2K]

Franchise Fee is the anwser

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3 years ago

Read 2 more answers

At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages.

Tom [10]

Answer:

quantity demanded equals quantity supplied

Explanation:

The market equilibrium is the price at which the quantity demanded and the quantity supplied cross each other. The intersection could be made by supply and demand curves.

Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.

When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium

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3 years ago

Sibila, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is considering

Ahat [919]

Answer:

c. It will increase.

Explanation:

Break even point is the level of activity at which a firm neither makes a profit nor a loss.

Break - even units = Fixed Costs ÷ Contribution per unit

therefore,

Existing break-even point in units :

Break - even units = $16,000 ÷ ($40 - $18) = 727.27 or 728 units

New break-even point in units :

Break - even units = $21,000 ÷ ($40 - $16) = 875 units

Conclusion :

The results show that break-even point in units will increase from 728 units to 875 units as a result of the changes

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3 years ago

Free ponts im only doing this bc i hate my life and put se.xy anime grils on ur answer

Alex787 [66]

Answer:

I need these points really bad thx so much!!!!

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3 years ago