Total cost: $412.00
Marginal cost: $105.00
Average total cost: $103.00
Average variable cost: $50.00
What is marginal cost?
The marginal cost is the cost of producing one more unit of manufacturing. Since marginal cost aids in determining the level of production that is most efficient for a manufacturing process, it is a crucial topic in cost accounting. It is computed by estimating the costs involved in producing just one more unit.
Say, for illustration, that it costs $100 to produce 100 vehicle tires. It would cost $80 to produce one more tire. The cost to produce one extra unit of a good or service is then known as the marginal cost. The marginal cost is determined by the production expenses.
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A business must not only look at its direct competitors, but also must contend with those firms that offer a product that a consumer might alternatively choose. Porter refers to this as the force of substitutes in the market.
<h3>What factors affect the market?</h3>
Supply and demand in an economy are regulated by government action as well as other causes such as social, demographic, cultural, economic, technical, political, and legal pressures. The supply of a product may be affected by the weather.
<h3>Why does the market operate the way it does?</h3>
The free-market system is driven by self-interest. For their own financial advantage, people manufacture commodities and services. The struggle for consumers' dollars is what is known as competition among producers.
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<span>A.
Making a copy of the application form makes it easier to complete the drafting and editing stages of the writing process.</span>
Answer:
express and bilateral contract
Explanation:
An express contract is a contract in which the parties involved have carefully and explicitly/openly set the terms of the contract.
This contract contains agreements of both parties either verbally or in writing. Express contracts are also called Special contracts.
from the question, Todd's offer to shovel Maria's patio for a fee and her acceptance of the fee for the job is an express contract as it is oral.
A bilateral contract on the other hand is a contract in which both parties involved agree to their part of the contract. In the case of the question, Todd's part is to shovel Maria's patio while Maria's part of the contract is to pay Todd $25 for the job.
I hope this helps.
Answer:
Hi,
The correct answer option is C. $257.70
Explanation:
The question is on percentage reduction
Given initial value of gold reserves=$8590
% reduction during recession=3%
<u>New value after reduction; </u>
Δpercentage= 100%-3%=97%
New value of gold= 97/100 × $8590
=$8332.30
<u>Value lost due to recession;</u>
Initial value of gold- new value of gold
$8590- $8332.30
$257.70
