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asambeis [7]
3 years ago
5

Which of the following statements concerning the long - run average cost​ (LRAC) curve is correct​?A.The LRAC curve is derived f

rom a series of short-run marginal cost curves.B.The LRAC curve represents the least-cost input combination of inputs for producing each level of output.C.As output​ increases, the amount of capital employed by the firm is held constant along the LRAC curve.D.The short-run cost curve at the minimum point of the LRAC curve represents the least-cost plant size for all levels of output.
Business
1 answer:
Tanzania [10]3 years ago
4 0

Answer:

The correct answer is letter "B": The LRAC curve represents the least-cost input combination of inputs for producing each level of output.

Explanation:

Presuming that all factors for production are available, the long-run average cost (<em>LRAC</em>) curve portraits the lowest cost per unit of the company at each output level. The approach also presumes that the company has selected the production optimal factor mix.

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Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
raketka [301]

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

3 0
3 years ago
"The nature and purpose of the public sector result in a unique organizational characteristics". Discuss
alex41 [277]

The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the location, country, or any other further reference, we can say the following.

The nature and purpose of the public sector result in unique organizational characteristics, basically in the formation of bureaucracies that are a form of governmental and administrative organizations with many employees and hierarchies that more that improve management and operations, complicate it and make it slow due to the fact that the number of people working is numerous.

Experts say that this is not the more efficient and effective form of managing governmental offices. On the contrary, it is slow and inefficient.

3 0
4 years ago
XYZ DebenturesIssue Date: 8-1-XXPayment Dates: J 1 &amp; J 1Maturity Date: 7-1-XXSome years after issuance, a customer buys 10 d
SashulF [63]

Answer:

B. 105 days of accrued interest

Explanation:

The purchase on Thursday, October 12th will settle on Monday, October 16th - 2 business days after trade date.  

Accrued interest on corporate bonds is based on a 30days per month/360 day year.

And interest starts accruing from the day of the last interest payment, up to, but not including, settlement.

See below for day calculation

July   30 days

August  30 days

September 30 days

October  15 days (up to but excluding settlement)

Total  105 days

4 0
3 years ago
Expectations of inflation are always greater than actual inflation along the long-run Phillips Curve.
lawyer [7]

Answer:

True.

Explanation:

The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.

8 0
3 years ago
A friend offers you a ticket to a Chicago Cubs baseball game for $40. You know you can sell the ticket to another friend for $50
olganol [36]

Answer:

$50

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If I decide to go to the game, I forgot the opportunity of selling the ticket for $50 which is the next best use of the ticket.

I hope my answer helps you

6 0
3 years ago
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