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2 years ago

Average cost can never rise while marginal cost are decline

1 answer:

7 0

The provided statement is false because when the marginal cost is greater than the average cost, then the average cost tends to rise.

<h3>What is the average cost?</h3>

The average cost is the cost per unit of a manufactured product. It is determined by dividing the total cost of production by the number of units produced.

The average cost can rise, fall, or have no effect totally depending on the relation of average cost with marginal cost. If marginal cost is higher than average cost. then average cost tends to rise whereas it falls in the reverse case. There is no change in the average cost if both of them are equal.

Therefore, the average cost rises in the scenario where it exceeds the marginal cost.

Learn more about the average cost in the related link:

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Amy convenes a meeting to rethink the organizational structure to avoid being beat to the market by a competitor again. Based on

Natalija [7]

Amy should reduce hierarchy if she wants to avoid being beaten by competitors.

A reduction of hierarchy will realign the company to achieve its goals faster than operating with a formalized hierarchy. This restructuring or delayering is known as empowerment.

The advantages that Amy will achieve by delayering or reducing hierarchy include:

Simplifying the organization's management structures
Reducing its bureaucracy
Cutting its communication paths
Speeding up decision-making
Pushing responsibility down to lower organizational levels (through empowerment).

Thus, Amy should rethink the organizational structure by reducing the hierarchy, making the decision-making process accessible.

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6 0

3 years ago

The gains from trade are Group of answer choices a. evident in economic models, but seldom observed in the real world. b. eviden

liubo4ka [24]

Answer:

The correct answer is letter "C": a result of more efficient resource allocation than would be observed in the absence of trade.

Explanation:

Trade has allowed societies to exchange their products according to their needs. Thanks to trade those goods are distributed accordingly more <em>efficiently </em>since, in isolation, countries would be specialists of certain types of products only which is unlikely to be enough to cover all the individuals' needs in those societies.

7 0

3 years ago

Although the lines are blurring, the "many-to-many" media transmission function is largely the domain of ___.

elena-s [515]

Answer: digital content transmitted online.

Explanation: This is a new type of communication that allows users to communicate with large audiences online simultaneously. This is done using social media platforms. This is often done in 2 ways: a platform where the audience can watch and react in real time, or a platform where the audience can only watch and listen. During a many - to - many transmission, of the people participating, each individual can post a message and each individual can receive the message. An example of this on social media right now is Instagram live.

6 0

3 years ago

If the capital stock is fixed and something happens to raise the marginal product of capital (MPK) for any given quantity of cap

nadezda [96]

Answer:

D. rise

Explanation:

D. As per the study, marginal product theory suggests that, as the marginal product of capital (MPK) increases even if the capital stock is fixed or unchanged, the real rental will also be changed the same way i.e. it will rise in this given scenario.

5 0

4 years ago

SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the ye

Tanzania [10]

Answer:

c.530,000 grams

Explanation:

Calculation for How much of the raw material should the company purchase during the year

First step is to prepare the Production Budget

PRODUCTION BUDGET

Budgeted unit sales 170,000

Add desired ending finished goods inventory

32,000

Total 202,000

(170,000+32,000)

Less beginning finished goods inventory (22,000)

Required production in units 180,000

(202,000-22,000)

Second step is to prepare Materials Budget

MATERIALS BUDGET

Raw materials required for production 540,000

(180,000*3 grams)

Add desired ending finished goods inventory

42,000

Total raw materials needed 582,000

(540,000+42,000)

Less beginning finished goods inventory (52,000)

Required material purchases 530,000 grams

(582,000-52,000)

Therefore the amount of the raw material that the company should purchase during the year is $530,000 grams

7 0

3 years ago