Please explain why the marginal cost decreases first and then increases in your own words. Please provide a numerical example to demonstrate the relationship beten the marginal product of labour and marginal cost in short run.

You see an advertisement for a used car. The owner has not set a price but asks for people to make him an offer. You inspect the car and believe that the true value is equally likely to be anywhere in the range of $1,000 to $9,000 (so your calculation of the average of this value is $5,000). The current owner knows the exact true value, and he will for sure accept your offer if it is higher than the true value (but not if it is lower than that value). If your offer is accepted and you get the car, then you will find out the true value. But you know in advance that your amazing car repair skills can increase the value of the car by 25% of whatever its true value is. What is your expected profit if you offer $5,000? Round your answer to the nearest dollar (e.g. 500). If you expect to make a loss, add a minus sign (e.g. -500, please do not include space between minus sign and the number if the answer is negative). Note:- Do not provide handwritten solution. Maintain accuracy and quality…

The average monthly balance in Derek's bank account is $750. Derek spends the same amount of money each day during the month and at the end of the month his account balance is $0. Derek's monthly starting balance is Group of answer choices $750. $1500. $1,000. $16.67.

Where does Mark Dean call home?