Answer:
A
Explanation:because its true
False
Answer:
The correct answer is included in the pic below.
Explanation:
I hope this helps! :D
Answer:
The answer is: An organization matches the amount deposited.
Explanation:
Individual Development Accounts (IDAs) are used by low income savers for predefined purposes such as buying a house or starting a small business. The greatest advantage of IDAs is that another organization (e.g. foundations, government, corporations) agrees to deposit money in the account that match the amount deposited by the saver.
b. Its marginal cost is $5.50, and its average variable cost is $5.50.
c. Its marginal cost is $6.00, and its average total cost is $5.50.
d. Its marginal cost is $6.00, and its average fixed cost is $5.50.
e. Its marginal cost is $6.00, and its average variable cost is $5.50.
Answer:
E. Its marginal cost is $6.00, and its average variable cost is $5.50.
Explanation:
Given that
Output = 100 unit
Total revenue = $600
Fixed cost = $50
Marginal revenue = change in total revenue/change in output
= 600/100
= $6.00
But in a perfectly competitive firm, the profit maximizing choice occurs where Marginal revenue = marginal cost.
Hence, Marginal cost = $6.00
Since fixed cost = 50,
Variable cost = 600 - 50
= 550
Average variable cost = variable cost/output
= 550/100
= $5.50
Answer:
e. Its marginal cost is $6.00, and its average variable cost is $5.50
Explanation:
To calculate the variable costs;
We use this method
Variable costs = change in total revenue - fixed costs
And the average variable cost as = variable cost/output
We are given the values as ;
Total revenue = $600
Fixed cost = $50
Output = 100 units
Calculations
Now marginal revenue will be;
Marginal revenue = change in total revenue/change in output
Marginal revenue = 600/100
Marginal revenue = $6.00
Marginal revenue = marginal costs
Therefore, Marginal cost = $6.00
Now variable cost will be
Variable cost = 600 - 50
Variable cost = $550
Average variable cost = $550/100
= $5.50
b. natural resources
c. entrepreneurship
d. knowledge