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lawyer [7]
3 years ago
8

Assume that the marginal cost​ (MC) of production is increasingincreasing. Can you determine whether the average variable cost​

(AVC) is increasing or​ decreasing? Explain.
Business
1 answer:
ki77a [65]3 years ago
3 0

Answer:

YES - When marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

Explanation:

Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.

When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling

When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.

The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other , therefore when the marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

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The Cutting Department at Blanc Company had beginning work in process inventory of 4,000 units, transferred out 9,000 units, and
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Answer:

The number of units started into production is 7,000.

Explanation:

Number of units started into production = Units transferred out + units of ending work in process - units of beginning work in process

                                                                   = 9,000 + 2,000 - 4,000

                                                                   = 7,000

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2 years ago
Geert Hofstede defines _____ as that component of our mental programming which we share with more of our compatriots as opposed
mylen [45]

Answer:

National Culture.

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National Culture can be understood as a belief, customs, and traditions that are shared among the people of a sovereign nation. This may also include religious backgrounds and traditions, language and racial identity of the individuals. According to Geert Hofstede, National culture is very important while dealing with various cultural issues and processes. Therefore, he has identified national culture as the component of our mental programming, which we share with other citizens around the world. National culture acts as an identity proof as per one's nationality.

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3 years ago
I need help with Question B5 (a) short essay. im completely lost please help me :(
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The term sanitary is defined as being free of
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Read 2 more answers
On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account
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Answer:

1. $372,150

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Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

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2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

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3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

           To Allowance for Doubtful Accounts           $3,150

(Record adjusting entry for bad debt expense estimate)

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