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tekilochka [14]
3 years ago
12

The relationship between average and marginal variables can be stated as follows: if the marginal is greater than the average, a

. the average is decreasing. b. the average is increasing. c. the marginal is increasing. d. the marginal is decreasing. e. the total is decreasing.
Business
1 answer:
Lena [83]3 years ago
7 0

Answer:

B. The average is increasing.

Explanation:

Average variables: It is the average change in the input units of production. It is calculated by dividing total amount of changes by total number of unit changed.

Marginal variables: It is change of one unit of input, which cause changes in total units of production. As the marginal variable changes, the average variable also changes as there is changes in total unit of productions.

Hence,  if the marginal is greater than the average, the average is increasing.

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The Allowance for Bad Debts has a credit balance of $ 7 comma 500 before the adjusting entry for bad debts expense. After analyz
Olenka [21]

Answer:

The amount of bad debt exp is 7000

Explanation:

Allowance for bad debt exp has a credit balance of 7500 before adjusting entry

Now the management wants to estimate the uncollectible accounts at 14500

So we have to increase the balance of the allowance account from 7500 to 14500

Like 14500-7500=7000

So we need to record the entry by 7000 to increase the amount of the allowance to 14500

The entry

Bad debt exp Dr. 7000

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3 years ago
What is the economic term used for sustained increase in the price of goods and services
Shkiper50 [21]

Answer:

Inflation

Explanation:

Inflation refers to a situation of a general increase in the prices of goods and services in the economy. As prices of goods and services rise, the cost of living goes up. Inflation results in the purchasing power of currency to diminish.    

Economist uses the consumer prices index to determine the rate of inflation. Inflation means a basket of goods and services will cost more today than it did in the prior period. Rapid economic growth that results in too much money in circulation causes inflation.

3 0
3 years ago
Kodak possesses the leading imaging technology. This technology has allowed the company to differentiate its products from those
pav-90 [236]

Answer:

The correct option is C

Explanation:

Distinctive competency is the competency which is unique or differentiate to the business firm or organization. It is a competency superior in aspect rather than the competencies of other firms, that enables the production of the unique value proposition in the business function.

So, Kodak posses the technology of leading imaging and this technology allow the company to differentiate its products from rivals. Therefore, this technology of Kodak is distinctive competency.

7 0
3 years ago
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Nata [24]

Answer:

merge law and equity

Explanation:

In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.

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In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.

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7 0
3 years ago
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