Answer:
c. Marginal cost is $8, and average total cost is $5.
Explanation:
Marginal cost of a firm is the cost difference in producing an additional unit of a firm's output. The extra amount result from the an extra unit of output produced. It is derived by calculating the difference between the total cost and dividing it by the difference in output i.e change in TC/ change in output
In the question, The change in TC is calculated as $5008 - $5000 = $8 and the change in quantity is 1001 - 1000 = 1
Therefore 8/ 1= 8 marginal cost is = $8
on the other hand, Average total cost is the cost per unit of output i.e the cost of a commodity out of all the products produced by a firm. it is calculated by dividing the total cost by the total number of output
In the question above, The total cost is $5,000 and the Total output is 1,000
$5,000/ 1000 =$ 5
similarly, when the total output increased to 1001 and the total cost rises to $5008 the Average cost still remains at$ 5
prove: 5008/ 1001 = 5.0002 which is approximately equal to 5.
therefore the correct answer is c. Marginal cost is $8, and average total cost is $5.
Answer:
It's blur can u repost it so that i can see it
Answer:
Equivalent units for material = 294,500 units
Equivalent units for conversion cost=225,225 units
Explanation:
<em>Equivalent units for conversion cost</em>
completed unit = 100% × 213,000
Closing work in progress = (15% ×81,500)
Equivalent units for conversion cost = (100% × 213,000) + ( 100% × 213,000)
= 225,225 units
<em>Equivalent unit for Materials </em>
completed unit = 100% × 213,000
Closing work in progress = (100% ×81,500)
(100% × 213,000)+ (100% ×81,500) = 294,500
Answer:
e of the case studies in the textbook, Jerry Harkanell worked as an administrative
continued to alter his timesheets until he was finally caught. How was his scheme detected
She made a snide remark means she's looking to her colleague in a negative or insulting way. If her action is can be compared with how he looks at the customer like henry ford probably did.
Henry Ford is a well-known businessman. What Layla tried to show is that she collogue should treat well their customer because of the source of their money or company's income.
