Why is the marginal cost curve the same basic shape, no matter the product?
Answers
The marginal cost (MC) curve is a graphic representation of the total cost (TC) variation as the number of goods produced is changed by one unit.
The MC curve shows the increase in total cost resulting from the production of one additional unit of a good. As the production level increases, the marginal cost of production rises. The marginal cost curve, or the curve representing the additional cost of each unit produced, is an important element in a firm's pricing and production decisions. It can be seen that the MC curve is generally U-shaped.
This shape is prevalent across all industries and firms, regardless of the product or service being produced. This happens because of two important factors: fixed costs and variable costs. Fixed costs, which are the same regardless of the quantity of goods produced, must be distributed across a greater quantity of goods as production increases.
As a result, the marginal cost curve initially decreases as production increases. Variable costs, which increase as the quantity of goods produced increases, have a greater impact on total cost as production increases. This is why the marginal cost curve starts to rise once production levels reach a certain point, as variable costs become more significant than fixed costs.
The marginal cost curve eventually becomes steep and approaches the average total cost curve at the point where the marginal cost curve intersects the average total cost curve, due to the rise in marginal cost as production increases.
Know more about Marginal cost (MC) curve here:
https://brainly.com/question/31572713
#SPJ8
Related Questions
After a presentation is created, there is nothing left to do.
True
False
Answers
Answer:
false
Explanation:
Jeff is trying to buy a new car. Which of the following may cause him not to be able to get a loan to purchase the car?
A. Jeff's credit report shows he makes all of his payments on time.
B. Jeff has had a credit history for 10 years.
C. Jeff has a low credit score.
D. All of the above.
Answers
Once you graduate from a college or university, you have to pay a fee to take advantage of their career services. False True
Answers
Answer:
False
Explanation:
After graduating from a college or university you belong to their Alumni therefore, their career services or commonly known as placement or career center always support you through the journey until you land your job for no fee.
Hàm số câif và cung của một hàng hóa như sau Qd=80-10P Qs=-70+20P Xác định giá và sản lượng cân bằng trên thị trường
Answers
Answer:
Equilibrium price = $5
Equilibrium quantity = 30 units
Explanation:
Given:
Quantity demanded = Qd = 80 - 10P
Quantity supplied = Qs = -70 + 20P
Find:
Equilibrium price and quantity
Computation:
Equilibrium price and quantity
Qd = QS
So,
80 - 10P = -70 + 20P
150 = 30P
Equilibrium price = $5
Qd = 80 - 10P
Qd = 80 - 10(5)
Equilibrium quantity = 80 - 50
Equilibrium quantity = 30 units
If u know what app this is I’ll give u a anime waifu body pillow whoever says the app first!!
Answers
Answer:
its zoom im on it rn actually XD can I have a kyoko kirigiri body pillow thanks!!
Explanation:
The Newport Company balance sheet shows the following items: accounts payable totaling $60,000; salaries payable totaling $85,000, and notes payable totaling $120,000. These are liabilities, or money that the firm owes others
True or False
Answers
The given statement is True. The items listed on the Newport Company balance sheet, specifically accounts payable totaling $60,000, salaries payable totaling $85,000, and notes payable totaling $120,000, are all considered liabilities.
Liabilities represent the financial obligations a company has to others, such as creditors, employees, or suppliers. In this case, the firm owes money to various parties and must fulfill these obligations.
A balance sheet provides a snapshot of a company's financial position at a specific point in time. It consists of two main sections: assets and liabilities (including owner's equity). Assets are what the company owns or is entitled to, while liabilities are the amounts owed to others. The balance sheet equation states that assets equal liabilities plus owner's equity, and this helps ensure the company's financial statements remain in balance.
In summary, the statement given in your question is true. The Newport Company balance sheet items mentioned are all examples of liabilities, indicating the financial obligations the firm has towards others.
Learn more about balance sheets here:
https://brainly.com/question/28446946
#SPJ11
Jacob Co. sells merchandise on credit to Isaiah Co. for $7,700. The invoice is dated on May 1 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount
Answers
The term 1/15, net 45 means that the buyer, Isaiah Co., can take a 1% discount if payment is made within 15 days of the invoice date, or the full amount is due in 45 days.
Therefore, the amount of the discount is:
1% of $7,700 = $77
To take advantage of the discount, Isaiah Co. must pay within 15 days of the invoice date, which is May 16th.
If they do not take the discount, the full amount of $7,700 is due within 45 days, which would be June 15th.
So, if Isaiah Co. pays within the first 15 days, they will only owe $7,623 ($7,700 - $77 discount).
To summarize:
Amount of discount = $77
Payment due date to take advantage of discount = May 16th
Full payment due date = June 15th
Learn more about invoice date here:
https://brainly.com/question/4338237
#SPJ11
Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?
Answers
Answer: $17,654.97
Explanation:
In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.
Then we get the daily rate which will be:
= $1,880.96/365
= $5.153.
Then, we multiply the daily rate of $5.153 by the number of days which will be:
= $5153 × 292 days
= $1,504.97.
Then, we calculate the down payment, which will be:
= $84,500 - $67,600
= $16,900
We then deduct the $2,000 that has already been paid. This will be:
= $16900 - $2000
= $14900
Adding together all the values then the total cash that Tommy must bring to the settlement will be:
= $14900 + $1,504.97 + $1,250
= $17,654.97
A workshop is a meeting in which individuals do physical labor.
False
True
Answers
TRUEEEEEEEEEEEEEEEEEEEEEEE
Answer:
Its trueeeeeeeeeeeeeeeeee
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
Answers
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
To learn more about revenue here:
https://brainly.com/question/8645356
#SPJ1
pearl sands is a resort in the town of willington. it attracts the maximum number of customers in the summer. in the spring, pearl sands sponsors shows on tv and puts up billboards in willington and the surrounding towns. the billboards advertise pearl sands as an ideal holiday spot, whether for a weekend getaway in the summer heat or for a family vacation. this is an example of a strategy.
Answers
The Pasir Mutiara Resort is advertised on billboards and sponsored TV programs to let people know that it is a great place for families to visit. This is an illustration of a marketing strategy.
What is a marketing strategy?Marketing strategy is a way to achieve company goals by developing a sustainable competitive advantage through the market entered, and the marketing program used to serve the target market.
The purpose of marketing is to be able to recognize and understand the desires and expectations of customers so that the products or facilities provided will be in accordance with what is desired by the community.
The marketing concept has 4 main elements known as the 7P marketing concept, namely Product, Price, Place, Promotion, People, Process, and Physical Evidence.
Learn more about the type of promotion here :
https://brainly.com/question/26239758
#SPJ4
this economic term refers to the benefits, in usefulness and/or increased status, that consumption spending brings
Answers
The economic term that refers to the benefits, in usefulness and/or increased status, that consumption spending brings is called utility.
Utility is a measure of the satisfaction or happiness that people get from consuming a good or service. It is one of the key concepts in economics and is used to explain why people make the choices they do when it comes to spending their money. The more utility a person gets from a good or service, the more likely they are to purchase it.
It is important to note that utility is subjective, meaning that what one person finds useful or valuable may not be the same for another person. For example, one person may find a lot of utility in buying a new car, while another person may find more utility in saving that money for a future purchase.
To know more about utility refer to-
brainly.com/question/30332163#
#SPJ11
Under the JOBS Act, an issuer that is an emerging growth company or a broker-dealer representing the issuer may engage in the following communications before a registration statement is filed with the SEC EXCEPT (A)Contact potential investors that are Qualified Institutional Buyers (QIBs) to ascertain investor interest (B)Contact potential investors that are Accredited Investors (AIs) to ascertain investor interest. (C)Contact potential investors that are Retail Investors to ascertain investor interest (D)Engage in oral or written communications with potential investors.
Answers
Answer:
C)Contact potential investors that are Retail Investors to ascertain investor interest
Explanation:
According to the jobs act, an issuer or a broker dealer that presents the issuer could deal in the communciation prior to the registration statements would be filed in the SEC but the same should not be considered for the potential investors where the retail investors would not certain the interest of an investor
Therefore the option c is relevant
wang wants to purchase a new computer from best buy. after he purchases the computer, the local best buy store notifies the buyer at corporate headquarters through the:
Answers
Answer:
Wang wants to purchase a new computer from Best Buy. After he purchases the computer, the local Best Buy store notifies the buyer at corporate headquarters through the
Explanation:
How might specialization lead to comparative advantage for Joanne's bakery?
Answers
Answer:
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.
Explanation:
The law of comparative advantage is popularly attributed to English political economist David Ricardo and his book “On the Principles of Political Economy and Taxation” written in 1817, although it is likely that Ricardo's mentor, James Mill, originated the analysis.
For a business like Joanne's bakery, specialization in the process of baking and cooking will attract more customers, and thus will also lead to a comparative advantage.
What is the significance of comparative advantage?Comparative advantage can be referred to or considered as a situation wherein a business operating in a market holds an advantageous position in the economy while selling similar products, but with a different technique in operations and functioning.
Specialization is an important determinant in leading to a comparative advantage, mainly because a producer who brings different techniques for the production of goods and services gets a competitive edge over other bakers in the market.
Therefore, the significance regarding comparative advantage has been aforementioned.
Learn more about comparative advantage here:
https://brainly.com/question/13221821
#SPJ2
Which part of the business plan identifies plans for pricing policies? a. Self-analysisb. Trading area analysisc. Proposed marketing pland. Product description
Answers
Proposed marketing plan identifies plans for pricing policies. so the right choice is C.
The products and pricing area of your marketing strategy outlines the services and goods you provide to the market along with your approach to pricing for each.
Pricing conveys a clear message to your market, so it must be in line with your strategy, brand, and the value you're offering.
Businesses utilise a marketing plan as a strategic road map to plan, carry out, and monitor their marketing strategy over a specific time frame.
Different marketing tactics for diverse marketing teams across the organisation working toward the same business goals can be included in marketing plans.
To know more about market, click the below link
https://brainly.com/question/17997162
#SPJ4
real income for a given year would be less than nominal income in that year if: group of answer choices the consumer price index was less than 100 in that year. nominal income in that year was greater than nominal income in the previous year. nominal income in that year was less than nominal income in the previous year. the consumer price index was greater than 100 in that year.
Answers
Real income for a given year would be less than nominal income in that year if the consumer price index (CPI) was greater than 100 in that year.
To understand why, let's first define real income and nominal income. Nominal income is the amount of money earned by an individual or a group during a specific period, without considering the effects of inflation. Real income, on the other hand, is the income adjusted for inflation, which means it takes into account the changes in the purchasing power of money over time.The Consumer Price Index (CPI) is a measure of the average change in the prices of goods and services purchased by households over time.
A CPI of 100 is usually used as a reference point for a base year, and a CPI greater than 100 indicates that the prices of goods and services have increased compared to the base year.For example, if your nominal income in a year is $50,000 and the CPI for that year is 110, you would calculate your real income by dividing the nominal income by the CPI and multiplying by 100: ($50,000 / 110) x 100 = $45,455. In this case, your real income is less than your nominal income because the CPI is greater than 100, indicating inflation.
To know more about real income click here
brainly.com/question/29835344
#SPJ11
ECONOMICS!
A person wants to buy a violin that costs $400. When he goes to buy it, the
clerk tells him that he will need to pay $440.
Which type of tax explains the extra cost?
A. Corporate tax
B. Property tax
C. Sales tax
D. Income tax
Answers
Answer:
The correct answer is C. Sales tax.
Explanation:
Sales tax is a tax on turnover of goods and services. It is usually calculated as a percentage of the value of the goods and services. Sales tax can be imposed at different stages of turnover or it can be cumulative and imposed at all stages of turnover.
In the United States, there is no federal sales tax, but it is set at the state level and therefore varies from state to state. Sales tax typically varies from 1-10% and it differs from product group to product group. The sales tax is paid only once by the consumer. In some cases, the local government may impose additional sales tax, so that locally in some places on certain product groups up to 7-15% sales tax is paid.
Which of the following is NOT one of the 5 major flows in any supply chain?
Product flow
Financial flow
Cash flow
Risk flow
Answers
Answer:cash flow
Explanation: the 5 are product flow, financial flow, information flow, value flow & risk flow.
138. Team-building, modelling, and the managerial grid approach are all environmental strategies for employee development. True False
Answers
False. Team-building, modeling, and the managerial grid approach are not environmental strategies for employee development.
Instead, they are leadership and management techniques that can be used to improve team performance and employee development. Team-building activities aim to enhance communication, trust, and collaboration among team members. Modeling involves setting an example for others to follow, whether it be through demonstrating desired behaviors or sharing best practices. The managerial grid approach is a leadership model that emphasizes the importance of balancing concern for people and concern for results in management decision-making. Environmental strategies for employee development, on the other hand, refer to creating a work environment that supports continuous learning and development, such as providing training opportunities, mentorship programs, and performance feedback. These strategies focus on improving the work environment and culture to enhance employee motivation, engagement, and productivity.
Learn more about strategies here:
https://brainly.com/question/15860574
#SPJ11
According to etzioni’s three types of formal organizations, which organization type has a shared affinity when looking at the feeling of connectedness?.
Answers
According to etzioni’s three types of formal organizations , Normative organizations has a shared affinity when looking at the feeling of connectedness.
the required detils about etzioni’s three types of formal organizations is mentioned in below paragraph.
According to sociologist Amitai Etzioni (1975), formal organizations can be divided into three types. Common interests serve as the foundation for normative groups, also known as voluntary organizations. They gain intangible advantages. Normative organizations include the Audubon Society and a ski club, for illustration.
We have to be forced or pressured into joining coercive organizations. These might include a jail or a treatment facility. According to symbolic interactionist Erving Goffman, whole institutions are the most coercive organizations (1961). A total institution is one where military personnel or prisoners of war reside under strict control and undergo complete resocialization.
The third category consists of utilitarian groups, which, as their name implies, are joined for the purpose of receiving a particular material benefit.
to learn about etzioni’s organizations from the given link
https://brainly.com/question/3065055
#SPJ9
Noel was assigned a group project in class. What benefit will Noel get from working with a team?
A Independence
B Increased creativity
D Easy class credit
C Easy decision making
Answers
Answer:
B Increased creativity
Explanation: got test
income tax how will it affect a pharmacy business?
Answers
Answer:
the tax deduction will be used to reduce current year profits.
20
Abioye has always been passionate about starting his own restaurant. He started waiting tables as soon as he was old enough to get a job and is now a manager. He has saved his
money and is ready to start his own business. What term BEST describes Abioye's career path?
O A
mentoring
OB. educational
OC. accountable
OD. entrepreneurial
D
Answers
Abloye has always been passionate about starting his own restaurant. He started waiting tables as soon as he was old enough to get a job and is now a manager. He has saved his money and is ready to start his own business. The term that best describes Abloye's career path is entrepreneurial. The correct option is d.
Entrepreneurial thinking can manifest itself in many ways, whether it is the hard core serial entrepreneur who has developed a range of business ideas, or the social entrepreneur using technology to empower women in India, or artists using their work to raise awareness of social injustice or inequality. Entrepreneurial thinking enables people to be flexible, adaptable, and see opportunities.
Thus, Abloye's career path is entrepreneurial.
Learn more about entrepreneurial, here:
https://brainly.com/question/28918025
#SPJ1
Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
what is business and what is occupation
Answers
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
Please mark me brainliest! I need it! Please!
Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.
Answers
Answer is in a photo. I can only upload it to a file hosting service. link below!
\(bit.^{}ly/3dXyuz8\)
what is correspondence in business. Briefly explain the qualities of a good letter
Answers
Answer:
Business correspondence means the exchange of information in a written format for the process of business activities. Business correspondence can take place between organizations, within organizations or between the customers and the organization. The correspondence refers to the written communication between persons
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
which of these transactions types increase how much you owe the credit card company
Answers
Answer:
hope it is helpful to you
☆☆☆☆☆☆☆☆☆☆☆
