Answer:
The correct answer is The firm's average cost of production remained unchanged over the last 100 units.
Explanation:
The minimum efficient scale is called the value of production for which the average long-term cost is minimal and also coincides with the marginal cost.
On the minimum efficient scale it is said that we are in the smallest possible production in which a long-term competitive company would be interested in producing. Below that value, the company would go into losses and should close.
The curve of long-term average costs is obtained from the envelope of the infinite possible curves of short-term average costs for different plant sizes, that is, for different levels of capital. From this envelope, a U-shaped average cost curve is obtained, at which minimum, precisely, the minimum efficient scale is found.
Suze named ten reasons why YFB’rs are broke. Below are three reasons she identified:
1) The company runs out of cash
2) The company is overpromising and undelivering
3) They invested much on products, thus having left with big inventory
Answer:
The answer is C) 1.25
Explanation:
Operating Leverage= (operating income + fixed expenses) / operating income
Operating Leverage= ($7,200 + $1,800) / $7,200= 1.25
The National Benchmark Tests (NBTs) are assessments for first-year applicants into higher education institutions. The NBTs were designed to measure a writer's ability to transfer understanding of Academic Literacy, Quantitative Literacy and Mathematics to the demands of tertiary coursework
