Answer:
D. decreases initially and then is horizontal.
Explanation:
A horizontal long run average cost curve reflects increase in cost proportionate to output, so the firm's long run average cost curve will fall initially and then become horizontal.
Answer:
true
Explanation:
What are the ancient Hebrews laws of God called?
The Law of Moses (Hebrew: תֹּורַת מֹשֶׁה Torat Moshe), also called the Mosaic Law, primarily refers to the Torah or the first five books of the Hebrew Bible. Traditionally believed to have been written by Moses
Answer:
A) define the goals. (part of define the problem)
Explanation:
The 5 stages of the Six Sigma process (DMAIC) are:
- <u>D</u>efine the problem: involves defining the problem statement ⇒ the reasons for creating or improving the process ⇒ define the goals of the process ⇒ establish a timeline ⇒ determine the scope of the project ⇒ choose the team that will be in charge of carrying out the project.
- <u>M</u>easure or quantify the problem.
- <u>A</u>nalyze and identify the cause of the problem.
- <u>I</u>mprove by solving the root cause of the problem and verify the improvement.
- <u>C</u>ontrol the improvements and pursue perfection.
Answer:
$5,000= ending inventory
Explanation:
Giving the following information:
Gross margin is normally 40% of sales.
Sales= $25,000
beginning inventory= $2,500
purchases= $17,500
First, we need to determine the cost of goods sold:
COGS= 25,000*0.6= 15,000
Now, using the following formula, we can calculate the ending inventory:
COGS= beginning inventory + cost of goods purchased - ending inventory
15,000= 2,500 + 17,500 - ending inventory
5,000= ending inventory
A free market is a type of economy which allows the manufacturers and consumers to interact resulting to the relationship between the supply and demand market. This is different from the command market in which the government controls solely. One of the countries with strong free market economy are B. US, UK, HK and Singapore.
