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Effectus [21]
3 years ago
12

All of the following statements are true about marginal cost except I. marginal cost increases as production expands. II. when m

arginal cost is below average cost, average cost is falling. III. when marginal cost is above average cost, average cost is constant. IV. when marginal cost meets the average total cost, the average total cost is at its minimum point.
Business
1 answer:
rewona [7]3 years ago
6 0

Answer:

III. when marginal cost is above average cost, average cost is constant.

Explanation:

Marginal Cost (MC) is the addition to total cost , when an additional variable factor is employed. MC = TCn - TCn-1

Average Total Cost AC is the Total (Fixed &Variable Cost) per unit variable factor employed. AC = TC / Q

MC AC relationship : <u>MC > AC - AC rise</u> ; MC < AC - AC fall ; MC = AC - AC minimum. '3rd' is opposite to the 1st underlined MC AC relationship.

2nd & 4th are other right components of MC AC relationship.  MC < AC - AC fall ; MC = AC - AC minimum (MC cuts AC at its minimum)

1st is also correct as when more variable factors are employed - total cost first increases at a decreasing rate (MC falls) & then it increases at an increasing rate (MC rises).  MC curve cuts AC curve at its minimum (MC = AC - AC minimum)

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No I think that in order to be a management you have to be a leader. If your a manager then your leading your employees if your not a leader you can’t properly do the manager job.
8 0
3 years ago
According to Nikki, the design and development manager at Holden Outerwear, it is difficult for the company to push its vendors
Dmitry_Shevchenko [17]

Answer: b. do not want to develop products that may not get used.

Explanation:

According to the case study, Manager Nikki Brush tells of how they introduce new ways of doing things by being able to encourage and push their vendors in a way that they are not used to. She does admit though that it is getting harder to do so because the vendors are seeing their costs rise and don't want to make goods that people might not want to use because they are new and untested.

The Case in question is attached.

3 0
3 years ago
What amount would a person with actual cash value (ACV) coverage receive for three-year-old furniture destroyed by a fire? The f
Lorico [155]

Answer:

The actual cash value a person would receive for a $4,500 destroyed furniture would be:

$3,000

Explanation:

Actual cash value is a method to calculate the value of an insured good. Its formula goes like this: Original value minus the original value divided by the years covered multiplied by two. In our case this would be 4,500-[4,500 / 6 x 2] giving us as result the following operation 4,500- 1500 = 3,000.

5 0
3 years ago
The consumer price index measures the cost of the _____ of a family of ____ living in a typical U.S. city. consumption; two prod
beks73 [17]

The consumer price index measures the cost of the consumption of a family of living in a typical U.S.

<h3>What is the consumer price index?</h3>

This term is a measure of the average of the weighted measurement of consumption that a family uses. It measures the average of the prices that are spent in consumption.

What is measured basically using this is the cost of goods and services consumed by the family.

Read more on consumption here: brainly.com/question/24741444

4 0
3 years ago
Which of the following items is not included in either M1 or M2?
Vitek1552 [10]

Answer:

Item that are neither include in M1 nor in M2 is currency held by banks

Explanation:

Central bank of united united states decided the flow of cash through the country. There are two type of money supply i.e. M1 and M2.

The M1 type money supply consist money that are more in liquid state like cash deposits etc while on the other side M2 type of supply consist of money that are less in liquid state. This type of supply consist of M1 money with market funds and deposits certificate etc.

Therefore item that are neither include in M1 nor in M2 is currency held by banks.

4 0
3 years ago
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