The marginal cost is how much it costs to produce one item more. It cost 0$ to produce 0 bikes but if you make one, then it costs 80$. Hence the marginal cost for the first bike is 80$. For the fourth bike, we have that the 3 bikes cost 110$ and the 4 bikes cost 130$. Hence it costs 20$ dollars to produce one more bike (from 3rd to 4th) and hence the marginal cost is 20$. Similarly for the 6th bike, we compare the cost of producing 5 bikes to the cost of producing 6 bikes and we get that the marginal cost is 50$. Applying the same methodology, the marginal cost for the 7th bike is 60$.
<span>Eric Foner believed that freedom is an effective theme
to focus on in the study of American history because of what happened in the
past during the American civil war the nation faced many controversial issues
such as slavery. Because one of the problems of this American period was
slavery. Furthermore, over three million African-Americans were slaves in the
South and this means that they worked for other people but had no freedom and
received no money for their work.</span>
a. A 90-year-old would not likely be able to achieve an IQ of 100 using Stern's formula.
<u>Answer:</u>
<em>Companies passed on production and transportation costs to consumers</em>
<u>Explanation:</u>
An increase in oil prices will add to a higher inflation level. This is on the grounds that transport costs will rise prompting more increased prices for many products. <em>This will be cost-push inflation which is very unique to inflation brought about by rising aggregate excess/demand growth. </em>
Consumers will see a decline in unrestricted income. They bear a higher cost of transportation, yet don't have the compensation of income rise. <em>Higher oil costs can prompt slower economic development – especially an issue if consumer spending is less.</em>
Answer:
California, Hawaii, New Mexico and Texas
