Answer:
C. the portion of its marginal cost curve that lies above its average variable cost curve.
Explanation:
It follows the short-run supply curve of the firm is portion of its marginal cost curve which is above the average variable cost curve.
The Adams Manufacturing has allocated its total overhead costs by a sum of $17,200, which is over-applied.
<h3>What are overhead costs?</h3>
The expenses or costs, which are incurred by a business, which are completely unrelated to the production or manufacturing of the firm's goods or services, are known as overhead costs. They are indirect costs.
The computation of the overhead costs will be as follows,
Hence, option E holds true regarding the overhead costs.
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Answer:
The answer is A. Mutual mistake
Explanation:
A contract is an agreement ( whether written or verbal ) between two parties that is legally binding.
A mutual mistake occur in a contract when both parties to a contract are mistaken about a material fact. It is a situation where the parties to a contract have identical misconception about a material fact in the contract.
In the explanation given in the contract between Randolf and the Art gallery manager, it is obvious that the art painting that is to be bought and sold was not well clarified by both parties, and the art manager acted based on an invalid assumption.
Hence the correct answer to this question is A. Mutual mistake
The difference between consultative leadership and participative leadership in decision making is that in consultative leadership employees do not have decision-making power they can only share their opinions but in participative leadership, everyone works together for decision making.
A leader who shares decision-making with organization participants. 3 subtypes of participative leaders consist of consultative, consensus, and democratic. Consultative leaders confer with subordinates earlier than you make a decision; but, they maintain the authority to make very last selections.
Consultative leadership fashion is set growing the capacity to persuade people in place of enforcing their authority on them, enticing the subordinates or employees efficiently in the decision making. Such leaders ask humans for their minds & permit them to technique the problem and locate a nice feasible solution. The consultative chief uses the talents, thoughts, and enjoyment of others, however, the final choice is made by using a leader. Such a leader has interacted with his time or more important tasks, gives proper popularity, and evaluates all the alternatives before making the very last choice.
The participative leader entails himself because a member of the group & makes choices alongside the group. Such a leader seeks consensus and all and sundry have to take possession within the final decision. In a participative management fashion team participants and leaders, thoughts are taken into consideration as identical, and the body's input is considered. right here leader is a facilitator, educates, and frequently embraces crew thoughts over their very own, creating a tradition of innovation and focusing on promoting creativity.
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Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
