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sashaice [31]
4 years ago
10

Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. div

iding the change in total cost by the change in output. C. dividing the total cost by the change in output. D. multiplying the change in total cost by the change in output.
Business
2 answers:
Kobotan [32]4 years ago
5 0

Answer:

Dividing the change in total cost by change in output.

Explanation:

Marginal cost of production can be defined as the change that occurs in total production cost that arises from the production of one additional unit of the product.

Marginal cost of production can also be described as the change in the opportunity cost that occurs when one additional unit of the product is produced.

Marginal cost production is an essential factor that should be put into consideration by an organization when measuring the different prices of products that is allocated to the consumers.

Marginal cost is calculated as:

Change in costs/ Change in quantity

Alina [70]4 years ago
4 0

Answer:

B) dividing the change in total cost by the change in output

Explanation:

Marginal cost(MC) is the cost incurred as a result of producing additional units of goods and services. It is calculated by dividing a change in total cost by a change in output.

That is,

Marginal cost(MC)= change in total cost(TC)/ change in output

Total cost(TC): This is the addition of fixed and variable cost in production.

Total cost(TC)= fixed cost (FC)+variable cost (VC)

Fixed cost (FC) are cost that doesn't change during the production process such as buildings, machineries and furniture.

Variable cost (VC) are cost that changes or are used up during production process such as raw materials.

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Cindy is a popular actress and has won countless acting awards in her 15 years in the industry. People always ask her what her s
PSYCHO15rus [73]

Answer:

The correct answer is letter "B": personal ethics.

Explanation:

Personal ethics refers to the moral principle people consider inherent in themselves that drive their behavior. These principles extend to every aspect of their lives and are mainly noticeable in the professional field. Respect, honesty, integrity, and fairness are some examples of personal ethics.

8 0
3 years ago
The problem with adopting a fair-return pricing policy for a natural monopoly is that Multiple Choice economic profits will be p
ASHA 777 [7]

Answer:

it is not allocatively efficient

Explanation:

Monopoly is a market condition where one seller has all the market share. This leads to an inefficient market structure, an increase in the prices of goods and services and abnormal profits. A problem with adopting a fair return polity for a natural monopoly is that it is not allocatively efficient. In a monopoly, goods and services are not produced to help the economy or people.

7 0
3 years ago
Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a
Jlenok [28]

Answer:

C. Decrease by $7,000

Explanation:

Calculation to determine what company's overall operating income would Decrease by

Using this formula

Overall operating income =(Product X units*Contribution margin )-Fixed overhead eliminated

Let plug in the formula

Overall operating income=(5,000 units*$5)-$18,000

Overall operating income=$25,000-$18,000

Overall operating income=$7,000 Decrease

Therefore As a result of discontinuing Product X, the company's overall operating income would:Decrease by $7,000

5 0
3 years ago
A method managers use to evaluate the resources at their disposal and manage or alter them to achieve competitive advantage is r
Sedbober [7]

Answer:

Resource View

Explanation:

A resource view or resource-based view is a strategic tool, hence its use by managers. It is bascially employed by management for the assessment of an organisation's strategic resources or assets in order to enhance the efficient and effective use of all available resources to maximize competitive advantage.

Some refer to the Resource Based View (RBV) as a managerial framework specifically employed to strategically maximize resource use for sustained advantage over competitors.

3 0
3 years ago
Explain how the Federal Reserve Board can increase or decrease the money supply using each of the following tools: reserve requi
Alex17521 [72]

Answer:

Reserve requirements – Reserve requirement increases to decrease the money supply or vice versa.

Open-market activities – the Fed sell the securities to reduce money supply or purchase it to increase the money supply.

Discount rates – Decrease the discount rate to increase the money supply or vice versa.

Explanation:

The Federal Reserve increases or decreases the money supply by using various tools. So in the case of the reserve requirement, the bank increases the percentage of reserve requirement if the Fed wants to decrease the money supply and to increase the money supply it reduces the reserve requirements. In the case of open market operations, the Fed sells securities and bonds in the market in order to reduce the supply of money or to decrease the supply of money it buys the securities from the market.

In the case of a discount rate, the Fed reduces the discount rate to increase the money supply because reducing the discount rate will induce the banks to give more loans. But to decrease the money supply, the Fed increases the discount rate because an increase in the discount rate reduces the ability of banks to give loans.

6 0
3 years ago
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