Answer:
AVC curve will be below the AC curve
Explanation:
As we know,
![AC = AFC + AVC](https://tex.z-dn.net/?f=AC%20%3D%20AFC%20%2B%20AVC)
This means that Average cost is the sum of average fixed cost and Average variable cost. Thus it can be shown that <em>AC curve will be above the AVC curve</em><em>. </em>
Also we know that MC curve is upward sloping.
Thus, the <em>MC curve will cut the AVC curve first and it will be to the right of the point where the MC curve cuts the AC curve</em>.
So the curve must look like,
The answer to this question is "International Business". This would be the classification when the ABC manufacturers conduct commercial transactions across the national boundaries. The international business includes all private and public commercial transactions between two or more regions which these regions are covered by the same political territories. The commercial transactions could include any form of investments, logistic, sales, and others.
Answer:
Decrease in equilibrium quantity
Increase in equilibrium price.
Explanation:
Because the demand is downward sloping, an increase in price will lead to decrease in quantity demanded and vice-versa.
Here, there is a decrease in supply with no change to demand, this will lead to scarcity of the product and very soon scarcity will drive the price of the product high and because the demand is downward sloping, quantity demanded will drop
So the situation in the question above will lead to a decrease in equilibrium quantity and an increase in equilibrium price.
Answer:
The correct answer is $27 U'.
Explanation:
The activity variance for supplies cost in March is calculated below:
Activity variance = Planning Budget - Flexible budget
Activity variance = (1,710 + (9 x 611)) — (1,710 + (8 x 614))
Activity variance = $7,209 — $7,236
Activity variance = $27U
The flexible budget is higher than the planning budget.
Thus, the variance is unfavorable (U).
Hence, the correct answer is $27 U'.