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vaieri [72.5K]
2 years ago
7

In order to determine ____________, the firm's total costs must be divided by the quantity of its output. Group of answer choice

s diminishing marginal returns fixed costs variable cost average cost
Business
1 answer:
Deffense [45]2 years ago
4 0

In order to determine average variable cost, the firm's variable costs are divided by the amount of output.

<h3><u>What is average variable expense formula?</u></h3>

The variable cost per unit in economics is the average irregular cost. By dividing the overall variable cost by the output, one may get the average variable cost. In the near term, the businesses utilize the average changing cost to choose when to end their presentation.

<h3><u>How do you calculate variable cost examples?</u></h3>

More specifically, the two primary categories of variable costs—total labor costs and total material costs—combine to form unstable costs. As an alternative, variable costs may be calculated by dividing the cost per unit by the overall quantity produced.

To view more questions on quantity of output, refer to:

brainly.com/question/15392660

#SPJ4

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Historical data show that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual un
Lapatulllka [165]

Answer:

The actual unemployment rate was higher during the recession of 1990−1991, while cyclical unemployment was higher in 2001.

Explanation:

Given data in the question

In the year 1990-1991

The natural rate of unemployment = 5.9%

The rate of the actual unemployment = 7.0%

In the year 2001

The natural rate of unemployment = 4.8%

The actual unemployment rate = 6.0%

As we can see that

The actual unemployment is high in the year 1990-1991 i.e 7.0% as compare to the year 2001 i.e 6.0%

While the cyclical unemployment rate is high in 2001 i.e 1.2% (6.0 - 4.8%) as compare to the year 1990-1191 i.e 1.1% (7.0% - 5.9%)

6 0
3 years ago
Under which conditions is price elasticity of supply relatively elastic or relatively inelastic?
Ulleksa [173]

Answer:

1. Firms are operating in the short run  - relatively inelastic

2. Firms would have a hard time storing their goods  - relatively inelastic

3. Firms have a large amount of excess capacity  - relatively elastic

4. Firms can easily relocate from one location to another - relatively elastic.

Explanation:

The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater.  The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.

6 0
3 years ago
7. The management accountant for Giada's Book Store has prepared the following income statement for the most current year: Cookb
vekshin1

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Travel Book

Sales= $164,000

Cost of goods sold= (67,000)

Contribution margin= 97,000

Order and delivery processing (25,000)

Net income= 72,000

Rent and allocated corporate costs remain constant in both decisions (drop or not). Therefore, they are irrelevant.

<u>Now, if the travel book product line was discontinued, the company's net income would have decreased by $72,000</u>

8 0
3 years ago
Domain name extensions occur _____ the period in the domain name.
anzhelika [568]
Domain extensions occur after the period
6 0
3 years ago
Read 2 more answers
This is a good question to ask during an interview A) How many vacation days do I get? B) What kind of products or services do y
jeka94

Answer:

C) How many hours of training will I need?

3 0
3 years ago
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