Answer:
$65
Explanation:
The inverse demand function is as follows:
P = 120 - Q
TR = 120Q - Q²
MR = 120 - 2Q
The marginal cost is constant at $10.
The profit maximizing point is where MR = MC
MR = MC
102 - 2Q = 10
Q = 55
P = 120 - Q = $65
check additional details in the attached files
Answer:
a. Average total cost minus average fixed cost.
Explanation:
- Total cost of production (TC) can be expressed as the sum of two elements: total fixed cost (F) -those cost that do not vary with output level - and total variable cost (V) - which are those cost that vary with the level of production.
- Average total cost (ATC) is simply the division of total cost by the output produced (Q):
. - Average variable cost (AVC) is the division of variable cost by the output produced:
. - Then, average variable cost can be obtained by :
- dividing the total variable cost by output (option c) or
- subtracting to average total cost the fixed average cost (
), (option a).
Answer:
in my best defence, the answer is 22
Explanation:
Based on the purchase details by the company, the correct journal entry to record the purchase on July 5 is c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
<h3>Why is this the correct journal entry?</h3>
On July 5, the amount that was purchased was still $1,800. Nothing had been returned yet. The amount that will be debited to Merchandising as an asset will therefore be $1,800.
The Accounts Payable account will be credited the same amount to reflect that the company owes money for the purchase.
In conclusion, option C is correct.
Find out more on recording purchasing it brainly.com/question/25556036.
Answer:
$64,000
Explanation:
The Cost price of the item Acquired is measured at fair value. When the Fair Value of Both the Asset Acquired and Asset given up can be determined reliably, the fair value of the asset given up will be used. Unless, the fair value of the asset acquired is more evident, that value may be used.
<u>Measurement of New Heating System :</u>
Cash $60,600
Add Trade In Value $3,400
Total $64,000
