If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0.50q2, and mc3 = 2q3 and faces a market price of $10, the total quantity supplied by all three firms is 35.
Marginal cost is the cost to supply one additional unit of manufacturing. it's far an important idea in cost accounting as marginal price facilitates deciding the most efficient degree of manufacturing for a manufacturing manner. It's far calculated via figuring out what fees are incurred if best one additional unit is manufactured.
In economics, the marginal cost is the exchange within the general value that arises whilst the amount produced is incremented, the fee of manufacturing extra quantity.
Marginal cost is the added price to provide an extra desirable. as instance, say that to make 100 automobile tires, it costs $100. To make one greater tire could value $80. this is then the marginal fee: how lots it expenses to create one additional unit of a great or service. The charges of manufacturing determine the marginal value.
Learn more about marginal cost here brainly.com/question/17230008
#SPJ4
Answer:
A. True
Explanation:
The two most common settings for legitimate non-competition agreements are the sale of a business and an employment relationship. When a non-compete agreement is ancillary to the sale of a business, it is enforceable if reasonable in time, geographic area, and scope of activity.
Answer:
The industrial revolution affected the whole global economy, social relations, and culture.
The industrial revolution changed how goods were manufactured, and it all started with the European accumulation of capital and the invention of the steam engine.
The two major sources of energy were coal and oil that were used to power steam engines that moved machinery using water steam. That led to work specialization and urbanization (people moving into large urban areas).
The industrial revolution first started in northwestern Europe, but it then spread to the US, Russia and Japan. The global economy developed new patterns of global trade and production between nations that produced resources and those that processed them and produced goods.
Exporting economies grew around the world because of the need for exporting both raw materials and food supplies from resource producing nations, and the need for exporting finished goods form industrialized nations.
Answer:
Effect on income= $68,580 increase
Explanation:
<u>Because it is a special order, and there is unused capacity, we will not take into account the fixed costs. Only the variable ones.</u>
<u>First, we need to calculate the unitary cost:</u>
Unitary cost= 46.1 + 8.8 + 1.8 + 1.3
Unitary cost= $58
<u>Now, the effect on the income of accepting the offer:</u>
Effect on income= 2,700*(83.4 - 58)
Effect on income= $68,580 increase
It is his work enviornment, i know this is correct because its on my online school :) hope this helps