The answer to this question is "Fixed Cost." this is because it doesn't change so it's fixed on one price!
Answer:
A) Marginal private cost= 50
B) Total Marginal social cost to society = 70
Explanation:
A) In order to find the marginal private cost we will use the firms production cost formula as it is the private cost that the firm is enduring and is only relevant to the firm's cost and not the society's cost.
In order to find the marginal unit cost of the 10th unit produced will will replace Q in the formula by 10 as it represents quantity.
MC= 10 + 4Q
MC= 10 + 4(10)
MC= 10 +40 = 50
B) In order to find the marginal cost to society we will add the marginal external cost of the 10th unit to its private cost. We already know the marginal private cost is 50 now we need to find the marginal external cost to it to find the total marginal cost.
Marginal external cost = 2Q
Q= 10
Marginal external cost = 2*10 =20
The total Marginal cost to society= 50 + 20= 70
Answer:
C. trade surplus
Explanation:
<em>A trade surplus is a positive balance of tradewhere a country's exports exceed its imports</em>.
Trade Balance = Total Value of Exports - Total Value of Imports if Total Value of Exports is bigger than the Total Value of Imports the trade balance will be positive.
I hope you find this information useful and interesting! Good luck!
Answer:
$7,200
Explanation:
Expense can be defined as the cost incurred by an organisation as it tries to generate revenue in its daily activities.
It is the cost of doing business, and is the sum total of cost incurred for all activities geared at making profit.
So in this instance Clark was visiting work sites for the company, he leased a car for $4,500 and spent $2,700 on fuel. The sum total is $7,200 and this is the amount he will deduct as business expense.
Answer:
B
Explanation:
As long as the joke is good
