Answer:
All : 1st, 2nd, 3rd are False
Explanation:
1. Average total cost is always greater than average variable cost by a constant amount : False.
Average Total Cost (ATC) is the total cost per unit of output. ATC = Average Variable cost (AVC) + Average fixed cost (AFC). Total fixed cost (TFC) is the cost which stays same at all levels, AFC = TFC / Q falls with increasing output. So, ATC is greater by AVC, by AFC (decreasing) amount.
2. In the short run, a perfectly competitive firm always maximises profit when average total cost is at minimum : False
A perfectly competitive firm maximises profit in short run when difference between its Total Revenue & Total cost is maximum, Marginal Revenue = Marginal Cost & MC > MR after the point.
3. If a firm shuts down in the short run, its profits will equal zero : False
A firm shuts down in short run, when its price < average variable cost, or firm's average revenue < average variable cost. This implies that firm must be incurring losses, if it shuts down.
According to conventional wisdom regarding asset allocation by age, you should hold a proportion of stocks equal to 100 minus your age. Therefore, if you are 40 years old, 60% of your portfolio should consist of equity. Criteria might be better changed to 110 minus your age or 120 minus your age because life expectancy increasing.
By deducting your present age from 100, you can utilize rule of thumb to determine your asset allocation. It implies that as you get older, you should shift away from equity funds and toward debt funds and fixed income assets in your asset allocation.
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Answer:
a. Private Property Rights
b. Political Stability and Rule of Law
c. Open and Competitive Market
d. Private Property Rights
Explanation:
a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.
b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.
c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.
d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.
Answer is D. I actually know how to get the answer. DM+DL+MOH(800x25) / 7000 yet not understanding it.. they are asking cost of goods sold per shirt. DM+DL+MOH is total manufacturing cost, not Cost of Goods Sold. To get Cost of goods. PLEASE MARK AS BRAINLIEST