<span>Many marginal cost curves are U-shaped., because the marginal cost i</span>s relatively high at small quantities of output and is not proportional with the production increases. <span>
Profit is maximized when marginal cost curve intersects demand from below because at any greater quantity than this marginal cost is greater than marginal revenue.</span>
Answer:
Equivalent units of production for materials = 5960
Explanation:
Given:
Units transferred out = 5800
Units in ending inventory = 400
%age of completion for conversion = 40%
To calculate the equivalent units of production by using the formula:
Equivalent units of production for materials = units transferred out + ( units in ending inventory × %age of completion for conversion)
= 5800 + ( 400 × 40/100)
= 5800 + ( 400 × 0.4)
= 5800 + 160
= 5960
Answer:
$12,015 approx.
Explanation:
To calculate present value of a future amount, the future amount is discounted at the rate of interest for the period of investment, which reveals present value as on today. The technique is referred to as discounting technique.
Suppose P denote the amount invested today, which when matured after period of two years yields $13500. Following formula is used for calculating the money invested:
wherein, A = Amount
P = Principal
R = Rate of interest
n = number of years
13,500 = 1.1236 P
⇒ P = 12,015 Approx.
Thus, $12015 is required to be deposited today so as to yield $13,500 after 2 years compounded at 6% per annum rate of interest.
Answer:
Compared to a barter economy, using money increases efficiency by reducing: transaction costs. Barter is the: direct exchange of goods and services.
Answer:
21,062.96
Explanation:
As per online sources the price was $21,062.96.
see attached extract of source