Answer:
$100
Explanation:
Total cost if he installs seven systems = $300
Total cost if he installs eight systems = $400
Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.
Marginal cost of installing 8th system:
= Total cost of installing 8 systems - Total cost of installing 7 systems
= $400 - $300
= $100
The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.
Hence,
William will install eight systems per day only if the eight customer is willing to pay at least $100.
Answer:
a. True
Explanation:
The foreign exchange market is a market for converting the currency of one country into that of another country.
For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
Answer:
Predetermined manufacturing overhead rate= $35.65 per machine hour
Explanation:
Giving the following information:
Estimated the machine-hours= 45,900
The estimated variable manufacturing overhead was $7.53 per machine-hour.
The estimated total fixed manufacturing overhead was $1,290,708.
<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (1,290,708/45,900) + 7.53
Predetermined manufacturing overhead rate= $35.65 per machine hour
Answer:
Option (b) is correct.
Explanation:
There are three types of price discrimination:
(i) First degree price discrimination or Perfect price discrimination
(ii) Second degree price discrimination
(iii) Third degree price discrimination
Perfect price discrimination refers to a situation in which the selling price of the product is equal to the price that a consumer willingness to pay for the product. This is a situation in which there is no consumer surplus.
Consumer surplus = Actual price paid by the consumer - Willingness to pay for the product
Answer: World systems theory
Explanation:
It is a multidisciplinary, macro-scale approach to world history and social change which emphasizes the world-system as the primary unit of social analysis.
