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Lelu [443]
3 years ago
13

What you give up for taking some action is called the . is falling when marginal cost is below it and rising when marginal cost

is above it. a cost that does not depend on the quantity produced is a(n) . in the ice-cream industry in the short run, includes the cost of cream and sugar but not the cost of the factory. profits equal total revenue minus . the cost of producing an extra unit of output is the?
Business
1 answer:
Nezavi [6.7K]3 years ago
4 0
<span>What you give up for taking some action is called the opportunity cost.

Average total cost is falling when marginal cost is below it and rising when marginal cost is above it.

A cost that does not depend on the quantity produced is a fixed cost.

In the ice-cream industry in the short run, variable cost includes the cost of cream and sugar but not the cost of the factory.

Profits equal total revenue minus total cost.

The cost of producing an extra unit of output is the marginal cost.</span>
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Answer: 0.11

Explanation:

There are 20 AAA batteries in a box and 7 are defective. If two batteries are selected without replacement, the probability of selecting a defective battery will be 7/20.

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Then, the probability of selecting a defective battery followed by another defective battery will be:

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And, for the Forman's Capital account, the $60,000 should be recorded because we have to deduct the $20,000 building mortgage from the market value of the building so that the accurate value can be come.

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