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BigorU [14]
2 years ago
8

If the LRATC curve is falling, then Group of answer choices economies of scale are present. constant returns to scale are presen

t. diseconomies of scale are present.
Business
1 answer:
Natali [406]2 years ago
6 0

If the LRATC curve is falling, economies of scale are present.

<h3>What is LRATC?</h3>
  • A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
  • The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
  • Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
  • Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
  • If the LRATC curve is falling, economies of scale are present.

To learn more about LRTAC refer to:

brainly.com/question/14316066

#SPJ4

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4 years ago
The costs of direct materials are classified as: Conversion cost Manufacturing cost Prime cost A) Yes Yes Yes B) No No No C) Yes
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Answer:

D) No Yes Yes

Explanation:

As we know that

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And, the manufacturing cost records the  

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And, the prime cost includes the direct material cost and the direct labor cost that is directly related to the production process of the product.

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3 years ago
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Answer:

D.

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Answer:

The correct answer is A: All of the answer are correct

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3 years ago
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