All categories

3 years ago

Marginal cost is defined as:________.

Business

1 answer:

Aleks [24]3 years ago

6 0

Answer:

b. the change in total costs from producing one more unit of output.

Explanation:

The marginal cost is the cost that incurred for generating one more additional unit of output

It could be computed as shown below:

Marginal cost = Change in total cost ÷ change in quantity

Therefore as per the above explanation, the option b is correct

And, the same is to be considered

Thus, all the other options are incorrect

You might be interested in

How much would you have to deposit today if you wanted to have $54,000 in five years? Annual interest rate is 8%. (PV of $1. FV

mestny [16]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A) How much would you have to deposit today if you wanted to have $54,000 in five years? The annual interest rate is 8%.

We need to use the following formula:

PV= FV/(1+i)^n

PV= 54,000/(1.08^5)= $36,751.49

B) Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 7% on your investments, how much would you have to deposit today to have $14,500 when you graduate?

PV= 14,500/1.07^2= $12,664.86

C) Calculate the future value of an investment of $643 for eleven years earning an interest of 8%.

FV= PV*(1+i)^n

FV= 643*1.08^11= $1,499.24

D) Would you rather have $643 now or $1,000 eleven years from now?

It depends on the interest rate. We will assume 8%.

PV= 1000/1.08^11= 428.88

It is better to have $643 today.

5 0

3 years ago

Describe China’s strategy in Africa.

Lemur [1.5K]

Answer:

The strategy for China seems to be to use the resources that Africa has in its hands from the small groups that control parts of the continent in order to fund themselves as well as help increase revenue for the countries that allow them to do so.

Explanation:

8 0

3 years ago

Which one of the following is an example of systematic risk? Multiple Choice Investors panic causing security prices around the

Rus_ich [418]

Answer:

Multiple Choice Investors panic causing security prices around the globe to fall precipitously

3 0

3 years ago

A firm negotiates a(n) _________ with its bank. This arrangement gives the firm access to a specified amount of unsecured short-

Vesna [10]

Answer:

<u>Line of credit </u>

Explanation:

A line of credit refers to a mechanism of availing short term credit from banks whereby a borrower is provided with a preset limit till which funds can be availed anytime.

As the borrower repays the money borrowed, the line of credit gets restored to the previous level provided it is an open line of credit.

Line of credit specifies the maximum limit till which money can be borrowed. The rate of interest and repayment time period are decided by the lender which is usually a bank.

Borrower is usually supposed to pay interest upon the money actually borrowed and not the full limit of the line of credit.

7 0

3 years ago

Another term for a checking account is a time deposit.<br> True<br> Or False

lys-0071 [83]

Answer:

False because you only go and check your account you don't deposit anything only if you want

7 0

2 years ago

Read 2 more answers