Answer:
$10
Explanation:
Quantity Total revenue - total cost Profit / loss
0 0 - 90 (90)
1 200 - 170 30
2 360 - 200 160
3 480 - 290 190
4 600 - 340 260
5 700 - 400 300
<u>6 810 - 500 310</u>
7 910 - 620 290
Since the profits are maximized when 6 units are sold, the marginal revenue for the 6th unit = selling price 6th unit - selling price 5th unit = $810 - $700 = $110
The marginal cost for the 6th unit = cost 6th unit - cost 5th unit = $500 - $400 = $100
The difference between marginal revenue and marginal cost for the 6th unit = $110 - $100 = $10
Compound interest: FV = PV / (1+I)^N
Simple interest: FV = PV + (PV x I x N)
a. True
b. False
a. True
Explanation:
Compound interest
FV = PV / (1+I)^N
Simple interest
FV = PV + (PV x I x N)
All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest.
a. True
All other factors being equal, both the simple interest and the compound interest methods will not generate the amount of earned interest by the end of the first year.
b. False
After the end of the second year and all other factors remaining equal, a future value based on compound interest will exceed a future value based on simple interest.
a. True
Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an "economic recession".
<h3>What is economic recession?</h3>
The National Bureau of Economic Research (NBER) describes a recession as "a large fall in economic activity distributed across the economy, lasting more than a few months."
Some characteristics of economic recession are-
- Recessions are marked drops in economic activity that can endure for several months or even years.
- When a country's economy faces negative gross domestic product (GDP), growing unemployment, declining retail sales, and contraction income and manufacturing metrics over an extended period of time, experts declare a recession.
- Recessions are regarded as an inevitable component of the economic cycle, or the predictable rhythm of expansion and recession in a country's economy.
- The organisation bases its decision on a variety of variables, such as GDP, real income, employment, industrial production, and consumer spending.
To know more about economic recession, here
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A place by which an average viewer is likely to be exposed
to an avant-garde cinema or at least its influence is in commercials. Commercials
are defined as something that is being showed or viewed in radio advertisement or
television by which it emphasizes a message that can be done through acting or
any sort of activity that promotes something.
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Institutionalized discrimination refers to the discrimination that is typically coded into the operating procedures, policies, or objectives of such institutions.
Explanation:
The Institutionalized discrimination exists in institutions from the government such as religion, education and marriage.
The racial wealth gap between blacks and whites, assets and education are the issues. There are four types of discrimination they are direct discrimination, indirect discrimination, Labour discrimination and Employment discrimination.
The discrimination is used in schools and indirect discrimination in harassment and victimisation. The wage gap is the difference between the payment of men and women working.