Let C(n) denote the cost of producing n items. The rate of change dC dn is known as the marginal cost. Explain the meaning of the marginal cost in practical terms. The marginal cost dC dn is the additional cost expected if n additional items are produced. The marginal cost dC dn is the additional cost expected if 1 additional item is produced. The marginal cost dC dn is the difference between the expected cost and the actual cost. The marginal cost dC dn is the total cost expected if n additional items are produced. The marginal cost dC dn is the total cost expected if 1 additional item is produced.

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

Emerson has an associate degree. based on the bar chart below,how will his employment opportunities change from 2008 to 2018