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ad-work [718]
3 years ago
5

g A firm encountering economies of scale over some range of output will have a Multiple Choice rising long-run average cost curv

e. rising, then falling, then rising long-run average cost curve. falling long-run average cost curve. flat long-run average cost curve.
Business
1 answer:
zloy xaker [14]3 years ago
5 0

Answer:

Falling long-run average cost curve.

Explanation:

A firm encountering economies of scale over some range of output will have a falling long-run average cost curve because the firm uses the lowest or most efficient cost per unit at each level of production. Economies of scale in business management refers to the process when there's an increased level of production (more units of goods or services can be produced), yet with fewer input or proportionate savings costs.

Also, The long-run average cost (LRAC) curve represents the firm's lowest cost per unit at each level of production, assuming the factors of production chosen are variable and thus, being the optimal factor of production mix.

Hence,The falling long-run average cost (LRAC) is in essence an advantageous or efficiencies in cost or production that results in increased level of output for a firm.

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The income statement for the year 2018 of Fugazi Co. contains the following information: Revenues $70000 Expenses: Salaries and
olga_2 [115]

Answer:

Explanation:

incorrect answer

a credit balance of $7500

correct answer

a debit balance of $7500.

6 0
3 years ago
Read 2 more answers
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
harina [27]

Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

7 0
3 years ago
Select the primary places where county programs get their money.
RSB [31]

Answer:

state government

Explanation:

Counties, towns, and cities collect their money mostly from taxes and fees charged to enterprises. The State government is in charge of collect taxes such as income, sales, and property taxes.

7 0
3 years ago
3. The most cost-effective way to produce gasoline is to never interrupt the process because the constant, uninterrupted product
trapecia [35]

Answer:

Continuous

Explanation:

Continuous production process is the procedure where the manufacture of the products need the sequential performance of different processes on multiple machines receives the material for manufacturing by the closed channel.

This process is mostly used in the business of chemical and paper.

So, in this case, the most effective way to produce the gasoline is the kind of production which is referred as the continuous production process.

3 0
3 years ago
Myrna and Geoffrey filed a joint tax return in 2015. Their AGI was $85,000, and itemized deductions were $13,700, which included
GalinKa [24]

Answer:

The amount of these state income tax refund is included in gross income in 2016 is $1,100

Explanation:

The computation of the income tax refund is shown below:

= Itemized deductions - standard deduction

= $13,700 - $12,600

= $1,100

Since we have to find out the refund amount which would be included in the gross income so we consider the amount of the deductions which is given in the question. The other information which is given in the question is not relevant. Hence, ignored it

The amount recovered would be adjusted to that particular year only it would not be carried forward.

4 0
3 years ago
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