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3 years ago

The term inferior goods refers to what kind of goods?b

2 answers:

8 0

The term inferior goods refers to goods that consumers demand less of when their incomes increase. The demand of this good would also decrease when the real GDP of the country increases. This would happen when a good would have a substitute that has more cost or price which would have an increase its demand as the people improve their income. An example would be coffee. A coffee from Mcdonald would be inferior to the coffee that is from Starbucks. When a person's income decrease, he would tend to buy coffee daily from McDonald since it is more affordable as compared to Starbucks. However, when his income rises, he would be preferring the one from Starbucks.

Zigmanuir [339]3 years ago

7 0

Answer:

Goods that consumers demand more of when their income increase!!!!!!!

Explanation:

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Is the following example a social group or a task group?

marissa [1.9K]

Answer:

social

Explanation:

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3 years ago

Suppose Firm A has a supply curve of Upper Q Subscript Upper A Baseline equals negative 2 plus p and Firm B has a supply curve o

Sonja [21]

Answer:

The total supply can be found by adding individual supply functions as follows:

Qa+Qb = Q

Q = -2+p+0.5p

Q= -2+1.5p where p = $44 therefore;

Q= -2+1.5(44)

Q= 64

Total supply at p = $15

Q= -2+15(1.5)

Q= 20.5

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3 years ago

What is a Benefit of using good human relations

nadezda [96]

Answer:

One of the benefits of using good human relations is that it will help you with your social skills and you will adjust better to different situations.

Explanation:

You can be good at social situations.

4 0

2 years ago

A client/server network is an example of ________ administration

sladkih [1.3K]

<span>A client/server network is an example of Central administration
In computer network, a central administration refers to something that enabled several computers to be connected under a single medium.
An example of The real life implication of a client/server net work is the system that we use for online multiplayer gaming</span>

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3 years ago

The total cost (in dollars) of manufacturing x auto body frames is C(x)=60,000+400x. (A) Find the average cost per unit if 20

Nesterboy [21]

Answer:

a) Average price per unit = 700

b) average marginal cost = -1.5 dollars/frame

c) For 201 frames are produced = $698.5

Explanation:

Given Data:

C(x) = 60000 + 400x

a) Average cost for 200 units:

Total Cost of 200 units will be:

C(200) = 60000 + 400(200)

C(200) = 140,000

Total Cost of 200 units = 140,000

Average price per unit = Total Cost / number of units

Average price per unit = 140,000/200

Average price per unit = 700

b) Marginal Average Cost:

We know that marginal cost = $C^{'}$ (x)

And the average marginal cost = $\frac{d}{dx}$ $\frac{C(x)}{x}$

So,

= the derivative of ( $\frac{60,000 + 400(x)}{x}$ )

= the derivative of ( $\frac{(60,000)}{x} + 400$ )

= $\frac{-60,000}{x^{2} }$ + 0

So,

average marginal cost = $\frac{-60,000}{x^{2} }$

at x = 200 units

average marginal cost = $\frac{-60,000}{200^{2} }$

average marginal cost = -1.5 dollars/frame

c) Average cost per frame if 201 frames are produced:

We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,

if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.

So,

As we know the average cost from part a = 700 dollars.

Therefore, for 201 item = 700 dollars -1.5 dollars

For 201 frames are produced = $698.5

5 0

3 years ago