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LUCKY_DIMON [66]
4 years ago
15

If a monopolist or a perfectly competitive firm is producing at a break-even point, then:

Business
1 answer:
Klio2033 [76]4 years ago
4 0
If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.

This basically means that they are operating at a level where the amount which they produce relates to the amount they spend. 
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Which field of economics deals primarily with the problems faced by​ low-income countries?
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Answer:

Development economics

Explanation:

Development economics is a field which deals with the problems dealt by low-income countries and low-middle income countries. The focus of development economics is to solve the development problems by using economic tools and to push these low-income countries to start trade with developing or developed countries. Development economics gained popularity, especially after globalisation, because it provided low-income countries with an opportunity to interact with other countries.

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3 years ago
The following information is available from the records of a manufacturing company that applies factory overhead based on direct
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Answer:

The manufactured overhead was under-estimated.

Explanation:

Giving the following information:

The actual manufacturing overhead costs incurred were $515,000.

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Overhead allocation is the distribution of indirect costs to produced goods. When the administration has undervalued and under-funded the amount of money needed for non-production costs, they have under-allocated overhead.

<u>Over applied manufacturing overhead:</u>

<u></u>

Applied overhead>Actual overhead

<u>Under applied manufacturing overhead:</u>

Applied overhead<Actual overhead

In this exercise:

Actual manufacturing overhead - Estimated Manufacturing overhead= 515000- 500000= 15000

The manufactured overhead was under-estimated.

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