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Arte-miy333 [17]
3 years ago
6

Hammond Lumber has just changed from prefabricating 8 gazebos to 10 gazebos (units). Their total costs changed from $9,500 to $1

1,000. What is the marginal cost for Hammond Lumber?
Business
1 answer:
AfilCa [17]3 years ago
3 0

Answer:

MC = 750

Explanation:

Below is the given values:

Initial quantity = 8

Final quantity = 10

Initial total cost = $9500

Final total cost = $11000

Marginal cost = Change in total cost / Change in quantity

Change in total cost = 11000 - 9500 = 1500

Change in quantity = 10 - 8 = 2

Marginal cost = Change in total cost / Change in quantity

MC = 1500 / 2

MC = 750

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7 0
2 years ago
A one-month European call option on a non-dividend-paying stock is currently selling for $1. The stock price is $47, the strike
REY [17]

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The price of the put-option on the same stock with the same strike price is $3.75.

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So, p = 50 x e^(-0.06 x 1/12) + 1 - 47 = $3.75 .

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