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Alika [10]
3 years ago
5

Define the marginal cost and marginal benefit and describe the role they play in making a

Business
1 answer:
olga2289 [7]3 years ago
6 0

Answer:

See below

Explanation:

Marginal cost is the expense associated with the production of an extra unit. It is the cost incurred by a business should it produce one more unit.

Marginal benefit is the gain resulting from the sale of one more output. It is the revenue earned from the sale of an extra unit of output.

Marginal benefit is compared to marginal cost to determine if producing and selling an extra unit is profitable or not. If the marginal benefit is greater than marginal cost, selling an extra unit is profitable. In making economic decisions, production should continue as long as the marginal benefit is greater or equal to marginal cost. It must stop when marginal cost is more than marginal benefit.

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What is the current price for a $8,500 bond that has a price quote of 89? What is the current price of the bond?
Paha777 [63]

Answer:

Current Price of bond= Number of Bonds *price quoted...........Equation 1

Number of Bonds = Total Nominal value/100........Equation 2

So this means that the formula for the computation of market value of all bonds held is same to the computation of total Market value of shares held.

Market Value of bonds held= Total Nominal value/100 * price quoted...EQ3

Putting values in the equation 3

Market Value of bonds held= $8500/100*$89 per bond= $7565

Equation 3 was derived to enable you understand why we divide Total nominal value with 100 (par value). We do this to compute "Number of bonds held."

3 0
3 years ago
Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in
Aleks04 [339]
You didn't give us any options in your question.
4 0
3 years ago
Read 2 more answers
When you were born, your dear old Aunt Minnie promised to deposit $1,000 into a savings account, bearing a 5% effective annual r
seraphim [82]

Answer: $34,502.85

Explanation:

The constant deposits are considered annuities.

The value at the end of 22 years is the future value of the annuity.

Future value of annuity = Annuity * ( (1 + rate)^number of years - 1 ) / rate

= 1,000 * ( ( 1 + 5%) ²² - 1) / 5%

= $38,505.21

Then subtract the future values of the deposits that your grandmother missed.

For the fifth birthday, the future value term will be 22 - 5 = 17 years

For the eleventh, the future value term will be 22 - 11 = 11 years

The amount in the account is:

= 38,505.21 - (1,000 * 1.05¹⁷) + (1,000 * 1.05¹¹)

= $34,502.85

5 0
3 years ago
A. Why is the healthcare industry perceived as being less proactive than other industries in the area of computerized informatio
Mrrafil [7]

Answer:

Explanation:

(A) (i) The healthcare industry is perceived that way because most of the training & advancement programs for health practitioners do not shed light on information technology.

(ii) This perception can be changed, by introducing the idea and practice of computerized information systems.

(B) The three concepts are related, such that

- E-health has to do with the offering of health care via electronic means.

- E-commerce is the electronic provision for traders (buyers, sellers, investors, etc) which extends the market place from land to electronic devices.

- Electronic Data Interchange (EDI) is a kind of e-commerce tool or infrastructure which enables the availability and spread of information.

(C) What is driving the increased use of computerized care protocols in healthcare?

The driver of this is the increase in the use of internet technology. Businesses (health or non-health related) have grown through this medium and healthcare givers have had to resort to this.

(D) Key public infrastructure are the social amenities which are considered crucial to the lives of citizens.

This is receiving much attention in the healthcare industry because primary healthcare is a key public infrastructure! Others include stable electricity, pipe borne water, good roads, security, etc. These infrastructure improve the living standard of people.

8 0
4 years ago
The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: Depreciation on
ELEN [110]

Answer:

80,000

Explanation:

Cost data of the month of May was taken from Terrence manufacturing company

The manufacturing cost incurred during the month can be calculated as follows

= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment

= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000

= 80,000

Hence the manufacturing cost incurred during the month is 80,000

5 0
4 years ago
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