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dexar [7]
3 years ago
10

A cost function is a mathematical description of how a cost changes with changes in the level of an activity relating to that co

st.
True / False.
Business
1 answer:
ozzi3 years ago
3 0

Answer:

True

Explanation:

Cost functions are descriptions of how a cost (i.e., material, labor, or overhead) changes with changes in the level of activity relating to that cost. For example, total variable costs will change in relation to increased activity, while fixed costs will remain the same. Cost functions may come in various forms. A cost function is a function of input prices and output quantity whose value is the cost of making that output given those input prices, often applied through the use of the cost curve by companies to minimize cost and maximize production efficiency .

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The CSS/Financial aid PROFILE is a(n):
Alborosie

The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained by the United States-based College Board that allows college students to apply for non-federal financial aid.
5 0
2 years ago
Read 2 more answers
Dwyer Company reported the following results for the year ended December 31, 2007, its first year of operations: 2007 Income (pe
Art [367]

Answer: $315,000 deferred tax asset

Explanation:

The amount that Dwyer should record as a net deferred tax asset or liability for the year ended December 31, 2007 will be calculated thus:

= ($2400000 – $1500000) × 35%

= $900000 × 35%

= $900000 × 35/100

= $900000 × 0.35

= $315000.

Therefore, the answer is $315,000 deferred tax asset

8 0
2 years ago
A brand community refers to the:
Nina [5.8K]

Answer:

The correct answer to the following question will be Option D.

Explanation:

  • A community or culture under which customers meet & connect who shares a collection of social relationships based on use or involvement in such a commodity, termed as a Brand community.
  • It offers corporations the chance to communicate more often with their customers, particularly true with either the presence of social networking sites.

The other three choices are not related to this type of community. So that Option D is the right answer.

4 0
3 years ago
True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.
SIZIF [17.4K]

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

8 0
3 years ago
James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering
Dafna1 [17]

Answer: The correct answer is "an opportunity niche".

Explanation: James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering repair services for cell phones. His shop is an instant success. James has satisfied an area of need called <u>an opportunity niche.</u>

The concept of a niche of opportunity refers to the existence of a group of people or companies that have certain needs, and who have the will to meet them and economic capacity to acquire the services or goods necessary for this,<u> in this case James les He offered the good or service to meet this need.</u>

3 0
3 years ago
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