Answer:
The answer is avg cost curve
Explanation:
The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level determined by the lowest point on the avg cost curve
Answer:
It is those who have a reasonable understanding of business and economic activities.
Explanation:
Financial information are produced for the information of the users in order to enhance their decision making ability.
In order to enhance understandability of the users, financial information should include all the necessary disclosures and be presented in a clear terms such that those who have a reasonable understanding of business and economic activities with little or no assistance f from a financial experts, can read and understand.
Cost drivers refer to the activities that cause changes in activity costs, it is any factor that make the cost of an activity to change, either increasing or decreasing. Cost driver is a concept that is used in Activity Based Costing and it is based on the belief that activities result in costs. In the question given above, the correct option is D. This is because, the number of pounds of product shipped will determine the cost to be paid for shipping.