After reviewing the household budget, you estimate the following auto costs
Ownership cost per mile $ .30
Operating cost per mile .15
Total cost per mile .45
The marginal cost of driving your car another mile is therefore
A)
$ .30.
B)
.15.
C)
.45.
D)
.90.
C
You might also like to view...
A person with a decisive style would be characterized by a direct, no-nonsense approach to people and situations.
Answer the following statement true (T) or false (F)
While break-even analysis analyzes the costs of sales, it fails to take into consideration consumers' ________ to price.
Fill in the blank(s) with the appropriate word(s).
True objections come in two types:
A. physiological and psychological. B. external and internal. C. situational and personal. D. practical and impractical. E. major and minor.
Analysts deciding between investments must consider the comparative risks. Which of the following factors affect the risk of business firms?
a. Economy-wide factors, such as increased inflation or interest rates, unemployment, and recessions. b. Industry-wide factors, such as increased competition, lack of availability of raw materials, changes in technology, and increased government regulatory actions, such as anti-trust or clean environment policies. c. Firm-specific factors, such as labor strikes, loss of facilities due to fire or other casualty, and poor health of key managerial personnel. d. The amount of liquid resources available to the firm to run smoothly and effectively. e. all of the above