Answer:
$532,000
Explanation:
The opportunity cost is the cost of the best option rejected.
In this case the option rejected was the investment project that would have returned a total fo 532,000
Therefore, the model 240 should produce a higher profit than 532,000 to reject his project.
The 310 model would have unused capacity as it has more capacity than model 240 but the company will not need to produce as much. So it is discarted from the calculation as it has inefficiency
Answer:
True
Explanation:
Since marginal cost is above the average total cost so average total cost is rising.
This is ab example of a price floor. It is price that set by the government as a minimum price that would be imposed on a product. This value should be higher than that of the equilibrium price to be effective. It is used in order to prevent the prices to be too low.
As far as i remember, those three things are :
- Focus on doing one thing at a time. We tend to do many things all together that make us lost our focus
- Taking small steps in order to change
- SAving up for the benefit of our future
hope this helps
Answer and Explanation:
Before settling on a choice about lessening the inflation rate in a nation, one must realize that expansion causes an expansion in costs in all sections of economy. Additionally, the swelling rate is significant. Higher inflation rate implies there is much more cash available and the other way around. Joblessness rate in the nation is significant too. Higher joblessness rate implies lower pay rates and the other way around. As per organic market law it implies that there are
A great deal of potential workers available and low interest for them. Hence, they will be offered lower pay rates. From given definitions we can deduct what is the connection among expansion and joblessness rate and will the decline of inflation rate result with positive or negative impact on the joblessness. It is imperative to realize that higher joblessness rate accompanies low expansion rate. For lower joblessness rate, higher swelling rate must be endured.
