Answer:
D- All of the above
Explanation:
Edg. 2021, took the test and got 100 percent
Answer:
b. $28,000 and $12,000 respectively
Explanation:
The marginal cost and marginal revenue refers to the additional cost or revenue that is generated for adding an additional unit or increasing the ouput by one unit,
In thi case, moving to Large reservoir from Medium reservoir
Marginal cost: 72,000 - 44,000 = 28,000
<em>It cost 28,000 to move to a large reservoir</em>
Marginal revenue :64,000 - 52,000 = 12,000
<em>It generates additional benefit for 12,000</em>
Answer:
A price ceiling is a bar on the legal maximum price a commodity can be sold for while a price floor is the least legal price a commodity can go for.
The price ceiling is always greater than the price floor in this case it is not so, hence the price floor is not binding to the price ceiling.
the statements below is analyzed under price ceiling and price floor according to whether it is binding or nonbinding.
Explanation:
1. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
Statement one is neither a price ceiling nor a price floor and it is nonbinding
2. The government has instituted a legal minimum price of $1.80 each for donuts.
Statement two is a price floor and it is binding.
3. The government prohibits donut shops from selling donuts for more than $1.10 each.
Statement three is a price ceiling and it is binding.
When weighing your employment options, these are very important to consider:
- Employee Benefits
- Pay period
- Taxes taxable income.
Thus, all of these are very important to consider before accepting the job offer.
