Answer:
with the third doubling, the AVC = $9.11 per unit
Explanation:
The average variable cost (AVC) decreases by 10% with each doubling of cumulative output:
<u>Production level in units</u> <u>AVC per unit</u>
1,000 $12.50 per unit
2,000 $11.25 per unit
3,000 $10.13 per unit
4,000 $9.11 per unit
Answer:
The answer is Duress.
Explanation:
Duress is a term in law used to justify a wrong action but excluding murder cases.
For a defendant to successfully prove he or she acted under duress, the following must be satisfied:
1. The defendant is in an immediate danger that could lead to death. For example, if Dreyfus shoots Eton by refusing, he can shoot Eton to death.
2. There is a believe that the defendant will be will be hurt
3. There is no option to avoid the harm or being hurt other than to succumb to doing the illegal action.
Answer:
The lump sum invested was $2,730.30.
Explanation:
Giving the following information:
Invested one lump sum 17 years ago at 4.25 percent interest. Today, the proceeds totaled $5,539.92.
We need to calculate the original amount that this person invested 17 years ago. We will use the following formula:
PV= FV/(1+i)^n
PV= 5,539.92/ (1.0425)^17
PV= $2,730.30
Answer:The income elasticity of demand for steak in Cape Charles is ___6.0%____. In this​ instance, steak in Cape Charles is __A luxury good_____
Explanation:
The formula for calculating income elasticity is given as
Percentage Change in demand divided by the Percentage change in income
.
Income Elasticity = 12%/-2%= 6%
Luxury goods have an income elasticity of demand greater +1 what we can conclude from this is that buying streak from Cape Charles is not an essential economic activity because a fall in income resulted to a proportionate decrease in quantity demanded.
In this instance, steak in Cape Charles is a Luxury good _____
It would be D!
when you’re working in a group, you’d want everyone to participate, put commitment into the work, and do their parts as individuals in the group.
