Answer:
long-run average total cost decreases as output increases.
Explanation:
Answer:
payback period is 5 years
Explanation:
given data
net initial investment = $2000000
annual cash inflow = $400000
useful life = 8 year
to find out
payback period
solution
we know here initial investment of equipment and cash inflow increase
so here payback period will be express as
payback period = net investment / cash inflow ..............1
put here value in equation 1
payback period = net investment / cash inflow
payback period = 2000000 / 400000
payback period = 5
so payback period is 5 years
Human labor is used in a Capitalist system in order to make products.
Answer:
See explanation Section
Explanation:
See the following images to get the proper explanations and step-by-step answer.
The act of assessing opportunity cost involves making choices and dealing with consequences.
<h3>What is an
opportunity cost?</h3>
This refers to the most desirable alternative given up as the result of a decision.
It is also the concept that cost of something that has to be given up to enjoy something better.
Hence, the act of assessing opportunity cost involves making choices and dealing with consequences.
Read more about opportunity cost
brainly.com/question/481029
#SPJ1
