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2 years ago

What is a marginal cost?

Business

1 answer:

lianna [129]2 years ago

3 0

The cost added by producing one additional unit of a product or service

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Alexxandr [17]

Answer:

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Explanation:

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3 years ago

What is one explanation for why this labor supply curve is upward sloping? the opportunity cost of leisure decreases as wages de

san4es73 [151]

I believe the correct answer is the first option. The labor supply curve is upward sloping because the opportunity cost of leisure decreases as wages decrease and the opposite of such is true as well. As one work one hour more, one will have less time for other activities. As the work rate increases in value, then the opportunity cost increases as well.

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3 years ago

Read 2 more answers

Do the following functions exhibit increasing, constant, or decreasing returns to scale? What happens to the marginal product of

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3 years ago

The cash records of Oriole Company show the following. For July: 1. The June 30 bank reconciliation indicated that deposits in t

inysia [295]

Explanation:

a. Deposit in Transit at July 31 = Deposit in Transit, June 30 + Deposit as per Cash Book – Deposits as per Bank Book

= $690 + $17,970 - $15,770

= $2,890

b. Outstanding Checks at July 31 = Outstanding Checks at June 30 + Checks issued as per Cash Book – Checks cleared as per Bank Book

= $930 + $19,160 - $16,800

= $3,290

c. Deposits in Transit at August 31 = Deposits as per Bank Statement – Deposits as pr Books + Deposits in Transit, September 30

= $26,750 - $26,340 + $2,810

= $3,220

d. Outstanding Checks at August 31 = Checks cleared by Bank – Cash Disbursements as per Books + Outstanding Checks, September 30

= $24,370 - $23,030 + $2,440

= $3,780

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3 years ago

FDR altered the direction of the nation's economic direction. What were the causes of the Depression? Discuss the cornerstone po

Dima020 [189]

Answer:

The causes of the Great Depression were many and varied, but the impact was visible across the country. By the time that FDR was inaugurated president on March 4, 1933, the banking system had collapsed, nearly 25% of the labor force was unemployed, and prices and productivity had fallen to 1/3 of their 1929 levels.

Later, a second New Deal was to evolve; it included union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. ... In the long run, New Deal programs set a precedent for the federal government to play a key role in the economic and social affairs of the nation.

Explanation:

The Great Recession—sometimes referred to as the 2008 Recession—in the United States and Western Europe has been linked to the so-called “subprime mortgage crisis.” Subprime mortgages are home loans granted to borrowers with poor credit histories. Their home loans are considered high-risk loans.

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3 years ago

What is a marginal cost?​

What is a marginal cost?