Answer:
Hence, the firm's total variable cost of producing three units of output is $48 unit.
Thus, the correct option is d. $48 unit.
Explanation:
The computation of total variable cost is shown below:
= marginal cost of the First unit of output + marginal cost of the second unit of output + marginal cost of the third unit of output
= $20 + $16 + $12
= $48
The variable cost include all type of cost which is change when the production level changes. In the given question, the output level changes with the unit which reflects the variable cost. So, the cost would be added in the computation part.
Hence, the firm's total variable cost of producing three units of output is $48 unit.
Thus, the correct option is d. $48 unit.
Answer:
XDD aint it like "can't hold it back anymore" XDD i think it is from frozen
Explanation:
^-^ have a nice day
Suppose GetThere Airlines increases their ticket price to $200+10n = 10(20+n)$ dollars. Then the number of tickets they sell is $40,000-1000n = 1000(40-n)$ .<span> Therefore, their total revenue is
</span>
$$10(20+n)\cdot 1000(40-n) = 10000(20+n)(40-n) = 10000(800+20n-n^2).$$
This is maximized when $n=-\left(\frac{20}{2\cdot(-1)}\right)=10$ .<span> Therefore, they should charge </span><span>$200+10\cdot 10 = \boxed{300}$</span><span> dollars per ticket.</span>
Answer: (a) $295 million
(b) $326 million
Explanation:
Given that,
Sales = $900 million during 2016
Cash = $871 million
Cost of goods sold = $280 million
Expenses for the year totaled = $325 million
Paid for Inventory = $375 million
Paid for everything else = $285 million
Beginning cash = $115 million
(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled
= $900 - $280 - $325
= $295 million
(b) Carter's cash balance at the end of 2016:
= Cash + Beginning cash - Paid for Inventory - Paid for everything else
= $871 + $115 - $375 - $285
= $326 million
Answer:
A) True
Explanation:
Monumental can discharge the contract by frustration. In order for a contract to be discharged by frustration, four conditions have to occur:
- An unforeseeable event must occur: In this case the zoning changes were unforeseeable.
-
No party is at fault: the zoning board made the changes to the zoning of the land.
- Performance is impossible: there is no reason why an office building should be built in a residential only area.
- The result is radically different than expected: neither Monumental or Champion Builders expected a zoning change to occur.
