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puteri [66]
3 years ago
12

Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. aver

age total cost is falling. D. Both b and c are correct.
Business
1 answer:
Damm [24]3 years ago
4 0

Answer:

A. average total cost is rising.

Explanation:

Whenever marginal cost is more than average cost it means it costs more to produce a unit now compared to the average cost of the previous units. Lets assume that a company produces 3 units  of a good.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The average cost is (1+2+3)/3=2

Now if the marginal cost for producing a unit is more than the average cost for example if the marginal cost is 4, then this will mean that average total cost is rising. we can mathematically check this.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The fourth unit costs $4

Average cost= (1+2+3+4)/4=10/4=2.5

Here we see that the average cost increased from 2 to 2.5 because marginal cost was greater than average cost.

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2 years ago
Von hayek's kayaks can borrow $12,500 for 60 days at a cost of $220 interest. what is the effective rate of interest?
Lyrx [107]
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6 0
3 years ago
During the month, merchandise is sold for $23,500 cash and for $34,000 on account. the cost of merchandise sold is $41,500. what
AURORKA [14]
In getting the gross profit, you need to add all the assets and less the expenses. See below:

Asset - Expenses = Profit

Below are the assets:
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Therefore the total asset is $ 57,500

While the expense is $41,500

Solution:  $57,500 - 41, 500 = $16,000



I hope it helps 
4 0
3 years ago
Briefly explain the following with examples:
Orlov [11]

Answer:

Any transaction in cash, either paid or received eg. bought goods from supplier on cash.

Some time supplier offers customer the credit so he can pay later. Bought goods from supplier which are payable in 30 days.

Revenue expenditure is short-term expenditure used to run daily operations eg. Rent, Salaries. These are treated as expense in SOCI.

Where as capital expenditure is one-time large expenditure which generate revenue for company in future. eg Plant and Machinery, Equipment, Furniture. These are capitalized as in SOFP as they meet the definition of Asset (ie Future economic benefits will flow to entity).

3 0
3 years ago
According to the 1980 revisions to the copyright act of 1976, _____.
prohojiy [21]

Answer:

d. Both people and organizations can be held liable for unauthorized duplication and use of copyrighted programs

Explanation:

1980 revisions to the copyright act of 1976 deals with various issues relating to copyright, including those relating to computer software.

However, amongst many of its codes and regulations, one of them is that the 1980 revisions to the copyright act of 1976 stipulated that" both people and organizations can be held liable for unauthorized duplication and use of copyrighted programs."

Hence, the correct answer is option B.

4 0
3 years ago
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