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lutik1710 [3]
3 years ago
10

True or false: economies of scale exist when expansion of the scale of production causes total production costs to increase more

than proportionately to output, which causes long-run average costs of production to increase.
Business
1 answer:
strojnjashka [21]3 years ago
5 0
<span>It s true that expansion of the production scale causes an proportional improvement in total production costs and because of this the long run average and production cost decreases. Economies of scale are divided as internal which is result due to expansion of the individual firm and external econ0omies results due to expansion in whole industry.</span>
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If profit is more than $10000 when fixed costs are $5000 and the price when producing 1000 units is $75, then variable cost is?
stira [4]
75/1000= $0.075 per unit or variable
3 0
3 years ago
Mr. Green enters into a contract with Mr. Blue who is a crab fisherman. Mr. Green and Mr. Blue know that Mr. Blue has already ca
kobusy [5.1K]

Answer:

The contract is void since it attempts to contract for services that are illegal

Explanation:

Since there is a contract between the Mr Green and Mr Blue and they already know that the Mr blue has already caught the number of crabs i.e permitted in the season but they agree to exceed the quota

Therefore the status should be void as they want to exceed which is not permitted that results in illegal service contracts

Hence, there is a void contract

4 0
3 years ago
The term _____ can be used to refer to the totality of a firm's organization, includingits organizational structure, control sys
melamori03 [73]

Answer:

B. organization architecture

Explanation:

Organization architecture refers to one of the most comprehensive terms in organizational sciences. It includes a thorough organizational structure with defined roles and processes, taking into consideration the human capital. Also, it describes the existing control mechanisms that ensure that processes are well maintained, as well as the incentives that drive motivation and set organizational goals.

8 0
3 years ago
You have just started your first job and are already planning for retirement. You plan on retiring in 31 years. To support your
Studentka2010 [4]

Answer:

$10,883

Explanation:

n = 31 years

Future value (FV) = 1,980,000 (The amount you need in 31 years for retirement)

i/r = 10% (given)

Present value (PV) = 0 (You have just started your job and have not reserved any amounts for retirement)

PMT (Monthly deposit needed) = ?

By using financial calculator, PMT = $10,883

4 0
3 years ago
A company with a high ratio of fixed costs:
garik1379 [7]

Answer:

The correct answer is: more likely to experience a loss when sales are down than a company with mostly variable costs.

Explanation:

The fixed cost ratio is a simple ratio that divides fixed costs by net sales.

The profit formula is:

Profit = Sales- Total cost =(Price * Q)-(FC + VC*Q)

Where  

FC=Fixed cost

VC= variable cos t

Q=produce quantity

If sales go down,  we have to pay this fixed cost even if we have no sales.  So if this Fixed cost are high ,  is most likely we are going to experience loss

4 0
3 years ago
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