Answer: Option (e) is correct.
Explanation:
Correct Option: both a and c
Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.
Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.
Answer:
we wouldn't have loans to buy a house or a car. We wouldn't have paper money to buy the things we need. We wouldn't have cash machines to roll out paper money on demand from our account
Explanation:
Total variable cost at 7100=7100(590730/7000)=599169fixed cost=372750total cost=599169+372750=971919
The periodic rate for this card is 12 month period.
<u>Explanation:</u>
APR is short for Annual Percentage Rate, which is the intrigue you're charged over a year time span. For example, a card with 24% APR costs 2% every month on balances that you convey from month to month.
Whatever rate is charged on the credit card is for a period of twelve months which is a period for a year. The interest rate is the cost for using the amount of credit which has been offered by the bank to the owner of the credit card.