Marginal cost is A. a legally determined minimum price that sellers may charge. B. the cost of producing output. C. the additional benefit from consuming one more unit. D. the difference between the lowest price a firm would be willing to accept and the price it actually receives. E. the additional cost of producing one more unit. Why is the supply curve referred to as a marginal cost curve? A. It shows the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept. B. It shows the willingness of consumers to purchase a product at different prices. C. It shows the price producers actually receive in the market. D. It shows the difference between the lowest price a firm would be willing to accept and the marginal cost of production. E. It shows the willingness of firms to supply a product at different prices.

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

How do communism and socialism differ in terms of the role that government plays in the economy ?

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?