What is marginal cost? How is it measured?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Marginal cost is the opportunity cost of producing one more unit of a good ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Suppose that a firm's only variable input is labor. When 50 workers are used, the average product of labor is 50, and the marginal product of the 50th worker is 75. The wage rate is $80, and the...
-
Suppose that each firm in a competitive industry has the following costs: Total cost:................TC 5 50 1 q2 Marginal cost: ...........MC = q where q is an individual firm's quantity produced....
-
What is marginal cost? Why is the supply curve referred to as a marginal cost curve?
-
When the government allows private firms to extract minerals offshore or on public lands, two common means of sharing in the profits are bonus bidding and production royalties. The former awards the...
-
"Frontier medicine" is a term used to describe medical therapies (e.g., energy healing, therapeutic prayer, spiritual healing) for which there is no plausible explanation. The Lancet (July 16, 2005)...
-
John Johnson is the majority stockholder in Johnsons Landscape Company, owning 52% of the companys stock. John asked his accountant to prepare a capital investment analysis for the purchase of new...
-
The composite aluminum 2014-T6 bar is made from two segments having diameters of \(7.5 \mathrm{~mm}\) and \(15 \mathrm{~mm}\). Determine the maximum axial stress developed in the bar if the...
-
On January 1, 2016, Concord Corp. signs a contract to lease manufacturing equipment from Stone Inc. Concord agree to make lease payments of $47,500 per year. Additional information pertaining to the...
-
You are the newly hired Director of Human Resources for a city. Describe your approach to the City Manager in your first week of work ?
-
for the system shown below, design the complete oc protection using the idmt relays. thus, decide the ct ratios, the plug settings and the tms at all locations. 115 A 1500 A 6000 A 80 A 1000 A 77 A...
-
Why does the PPF bow outward and what does that imply about the relationship between opportunity cost and the quantity produced?
-
What is marginal benefit? How is it measured?
-
In April 2004, Ann Aldrich wrote her will on an E-Z Legal Form. In Article III, entitled Bequests, Aldrich handwrote instructions stating that all of her listed possessions were to go to her sister...
-
Discuss the role of the government sponsored-enterprises (GSEs) in the funding and issuance of mortgage loans.
-
Permission granted to buy conventional mortgages, which were not government guaranteed, opened doors to the formation of new types of mortgage companies that expanded into __________ subprime loans.
-
The 80/20 loan is a mortgage loan whereby the borrower takes out a loan for 80 percent of the purchase price and a second loan for 20 percent of the purchase price, leaving the borrower with no...
-
Before the passage of the Secondary Mortgage Market Enhancement Act of 1984, there were regulations that prohibited __________ investors from investing in mortgage-backed securities that were not...
-
Tranching is a process of carving up or separating a pool of mortgages into different classes of securities that absorb different __________ losses.
-
In 2016, the average ratio of teachers to students in public elementary and secondary schools was approximately 1 to 16. If a public school had 896 students, how many teachers would be at the school...
-
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
-
If a rent ceiling is set at $300 a month, what is the quantity of housing rented, the shortage of housing, and the maximum price that someone is willing to pay for the last unit of housing available?...
-
a. Explain the effect of the increase in the rent ceiling on the quantity of rent-stabilized apartments. b. Why is rent stabilization a source of conflict between renters and owners of apartments?...
-
In the market for corn with a price support, explain why the corn price has risen and ended up being too high to trigger payouts.
-
In the context of solid-liquid extraction, how do particle size distribution, porosity, and surface area of the solid matrix impact extraction kinetics and overall efficiency? Provide examples of...
-
Discuss the challenges and opportunities associated with the extraction of bioactive compounds from natural sources using environmentally benign solvents and green extraction techniques, such as...
-
The driver of a car traveling at 31.9 m/s applies the brakes and undergoes a constant deceleration of 1.12 m/s 2 . How many revolutions does each tire make before the car comes to a stop, assuming...
Study smarter with the SolutionInn App