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Anna007 [38]
3 years ago
6

If a firm has excess capacity, it means Group of answer choices that the firm's quantity supplied exceeds its quantity demanded.

that the firm expands too much of its resources on advertising its product without seeing an appreciable increase in sales. that the firm's long-run average cost of producing a given quantity exceeds its short-run cost of producing that same quantity. that the firm is not producing a quantity that minimizes its average cost per unit..
Business
1 answer:
rosijanka [135]3 years ago
5 0

Answer:

that the firm is not producing a quantity that minimizes its average cost per unit..

Explanation:

A firm has excess capacity if it is producing less amount of goods or services than it is supposed to produce. it is when marginal cost of production is less than average cost of production and average cost can still be reduced further by increasing the quantities produced.

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Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, (1,600 shares × $13 per share) $ 20,800

          To Common Stock (1,600 shares × $ 0.01 par) $16

         To Additional Paid in Capital in excess of par-Common Stock $20,784

(Being Issuance of common stock is recorded)

Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock

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The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

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This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

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By what percentage did the price of a dozen eggs rise?

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By what percentage did the wage rise?

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In order to earn enough to buy a dozen eggs, a worker had to work <u>4.04</u> minutes in December 2000 and <u>7.76</u> minutes in December 2015.

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Workers' purchasing power in terms of eggs between 2000 and 2015.

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