User Account

All Pages

Production of the third unit of output

Assignment Help Business Economics
Reference no: EM132193903

Answer the next question on the basis of the following date.

Output: 0 - 1 - 2 - 3 - 4 - 5 - 6

Total Cost (in $): 24 - 33 - 41 - 48 - 54 - 61 - 69

The marginal cost associated with the production of the third unit of output is

a. $12

b. $8

c. $7

d. $6

Reference no: EM132193903

Questions Cloud

Higher rate of return : Equities (shares) are riskier than government bonds, and therefore they have a higher rate of return.
New money supply and assume the bank does : Include the $50 as part of the new money supply and assume the bank does not hold excess reserves.
Short-run aggregate supply curve : Explain whether the following government policies affect the aggregate demand curve or the short-run aggregate supply curve, and how.
Discuss the issue of the wedding cake decision : Discuss the opposing sides of the argument over whether or not the baker should have been compelled to bake the cake for the couple in questions.
Production of the third unit of output : The marginal cost associated with the production of the third unit of output is
What is net benefit maximizing level of output : a. What is net benefit maximizing level of output? b. What is the total benefit function? c. What is the maximum net benefit?
What are your feelings on protectionist trade policies : What are your feelings on protectionist trade policies? When are they appropriate, if ever?
How social heuristics could be used to an advantage : Discuss how social heuristics could be used to an advantage, both ethically and unethically, in making a case to rebuild new orleans after hurricane katrina.
Future of responsibility to protect : What do the cases of Libya an Syria suggest for the future of responsibility to protect? Please provide a historical example of this.

Reviews

Write a Review

Business Economics Questions & Answers

  The eu is the biggest common market worldwide

The EU is the biggest common market worldwide. Please name the most important facts that describe the size and importance of this market.

  Decrease in supply has no effect on the price of good

Explain what is wrong with the following statement. "A decrease in supply will lead to an increase in the price, which decreases demand, thus lowering price. Thus, a decrease in supply has no effect on the price of a good."

  What is the rate of return for machine

The salvage value of the machine will be $20,000. What is the rate of return for this machine?

  What are benefits for travel and tourism

What are benefits for travel and tourism? Do they impact society negatively or positive?

  Discuss whether perfect competition is more efficient

Discuss whether perfect competition is more efficient than regular unregulated monopoly, regulated monopoly, and natural monopoly? Justify your answer using real world examples.

  Percentage increase in production workers

In what industry will a given percentage increase in production workers result in the largest percentage increase in output.

  Political risk has been defined as the likelihood

Political risk has been defined as the likelihood that a society will undergo political change that negatively affects local business activity. Which of the following is not an example of political risk? the foreign government has forced the transfer..

  Major conflict between the us army also native americans

the last major conflict between the US army also Native Americans took place at

  Real gdp means that the production possibility curve

An increase in Real GDP means that the Production Possibility Curve must move outward. There is no cost to the macroeconomy of current consumption. Increased Capacity Utilization means that the PPF is moving outward. Gross Investment being greater th..

  What student need to do in medical school

Should Medical School Be Free? Why medical school charge for too much fee? What student need to do in medical school?

  How does monetary and fiscal policy affect aggregate demand

How does monetary and fiscal policy affect aggregate demand?

  Represents a mandatory government outlay

Which of the following represents a mandatory government outlay?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd