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.
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Answer:
Computer roles in education in modern society
Storage of information.
Quick data processing.
Audio-visual aids in teaching.
Better presentation of information.
Access to the Internet.
Quick communication between students, teachers and parents.
Explanation:
Computers make people's lives easier and more comfortable:
they provide opportunities for staying in touch to billions of people who are in different parts of the world.
People can drive computerized cars and work for employers from other countries without even seeing them.
The impact is An increase in sales revenue received by the firm.
Even though it's true that The elasticity of the demand indeed influence the price of the product on some level, Increase in worker's productivity will tend to always result increasing sales revenue regardless the type of demand a product has.
The answer would be minimum wage aka what McDonald’s pays you
Answer:
You Should invest
Explanation:
Let the IRR be x.
Now , Present Value of Cash Outflows=Present Value of Cash Inflows
103,000 =130,000/(1.0x)
Or x= 26.214%
Hence the IRR of this investment opportunity is 26.2% (approx)
Cost of Capital = 12%
The IRR rule says that one must accept. This is because the IRR is greater than the cost of capital.
Hence the correct answer is : should invest