Which organization pursues standards for internet of things (iot) devices and is widely recognized as the authority for creating
1 answer:
You might be interested in
Answer:
d. All of the above are correct
Explanation:
a. is correct bescause if we calculate the average cost for the first houses we find this:
this agrees with the statement of option a.
b. The marginal cost is the variation in the total cost if an additional unit is produced.
The TC of producing 30 houses is 7,500,000 and the TC for 31 houses is 7,760,000
Now we just find the variation of producing that additional house by substracting the two costs
Cm= 7,760,000 - 7,500,000 = 260,000
c.
The marginal benefit is 275,000, the marginal cost is 260,000
The profit is then:
275,000 - 260,000 = 15,000
There is a profit of $15,000 product of building the 31st house
The three statements are correct so the answer is d.