Mathematics, 04.08.2021 08:30, GreenHerbz206
Marginal analysis: Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits. Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker.
(1) Assume that the demand and supply functions for handguns are given by the following equations:
quantity demanded = 50 – P
quantity supplied = 4P
where P means price. Suppose the government is interested in raising the incomes of handgun makers and thinks it can do this by setting a legal minimum for the price of guns at 12.
Compare the quantity of handguns bought and sold, as well as the total expenditure by households on handguns, before and after the government policy.
Answers: 3
Mathematics, 22.06.2019 00:30, Jazzy4real
Jaxon has s packs of 8 crazy straws. he divided the crazy straws into 2 equal bags. now, he has 224 crazy straws in each bag. how many packs of crazy straws did jaxon start with?
Answers: 1
Mathematics, 22.06.2019 00:50, latraviacox12
Adolphin is swimming with her friend. the dolphin jumps to a height of 4.54.54, point, 5 meters above the surface of the water as her friend swims 9.89.89, point, 8 meters directly below her. what is the position of the dolphin's friend relative to the surface of the water? meters
Answers: 2
Marginal analysis: Marginal analysis is an examination of the additional benefits of an activity com...
Mathematics, 01.12.2020 01:00
Mathematics, 01.12.2020 01:00