Answer:
The correct answer is D. the firm has achieved the lowest possible average cost of production.
Explanation:
The minimum efficient scale is called the value of production for which the average long-term cost is minimal and also coincides with the marginal cost.
On the minimum efficient scale it is said that we are in the smallest possible production in which a long-term competitive company would be interested in producing. Below that value, the company would go into losses and should close.
The curve of long-term average costs is obtained from the envelope of the infinite possible curves of short-term average costs for different plant sizes, that is, for different levels of capital. From this envelope, a U-shaped average cost curve is obtained, at which minimum, precisely, the minimum efficient scale is found.
Differential pricing means charging different prices to different buyers for the same quality and quantity of product. For example, many movie theaters offer discounted tickets for seniors
<h3>What is
pricing?</h3>
Pricing is the process by which a company determines the price at which it will sell its products and services, and it may be part of the company's marketing strategy.
Pricing criteria represent customer or deal characteristics. Price administrators define the pricing criteria that will be used to determine their company's pricing strategy. When you define the pricing segments and pricing strategies, you use the values for the pricing criteria.
It is possible to barter. Buyers must decide whether the utility gained from the exchange is worth the loss of purchasing power. In an open market economy, price represents the value of a good/service among potential purchasers and ensures competition among sellers.
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The dollar-weighted annual yield for this nine-month period is -2.7%.
<u>Solution:</u>
The investment of deposit on April 1 (Feb, March = 2 months)
The investment of deposit on May 1 (Feb, March, April = 3 months)
Therefore, Dollar-weighted annual yield for this nine-month period,
On plugging-in the values,
In percentage notation,
Answer:
It will be better to produce all the units of Plain we can sell, then use any remaining machine hours to produce Fancy. This is because Plain, generated more contribution per hour than Fancy.
Explanation:
We have to calculate the Contribution Margin per machine hours
This means check which product makes a better use of the scarse resourse
It will be better to produce all the units of Plain we can sell, then use any remaining machine hours to produce Fancy
