<u>In </u><u>microeconomics</u><u>, the term </u><u>monopoly</u><u> is synonymous with decreasing returns of scale.</u>
When there are economies of scale in production?
As output increases, the long-run average total cost decreases. The total variable cost of creating five units of output is indicated by the Y-interval between the two curves in the diagram.
Is price and marginal cost equal?
- In economics, the practice of setting a product's price to cover the additional expense of producing an additional unit of output is known as marginal cost pricing.
- This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.
Simply put, what is microeconomics?
- Microeconomics is the study of how people, households, and businesses make decisions and distribute resources.
- It generally pertains to markets for goods and services and addresses both personal and financial concerns.
Learn more about microeconomics
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Answer:
I think you should add them and than subtract
Answer:
a. $175,000
b. $50,000
Explanation:
a. The computation of the warranty expense is shown below:
= Given percentage × units sold × repair average cost
= 2% × 70,000 units × $125 per unit
= $175,000
b. The computation of the warranty liability is shown below:\
= (Given percentage × Units sold × repair average cost) - (Repaired units × repair average cost)
= (2% × 70,000 units × $125 per unit) - (1,000 units × $125 per unit)
= (2% × $8,750,000) - ($125,000)
= $175,000 - $125,000
= $50,000
Answer:
Correct Answer:
d. none of the above
Explanation:
Payback method is a simple accounting method used to projects incoming cash flows from a given project and identifies the break even point between profit and paying back invested money for a given process.
Answer:A
Explanation: i did the test