The bill is voted on by senate
Answer:
C. the firm should produce if its price exceeds average variable cost.
Explanation:
WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.
Answer:
The answer is $1,402,000
Explanation:
Cost of an asset is the total cost of acquiring and asset plus the cost incurred in bringing the asset to a working condition e.g cost of transporting the asset to factory, cost of installation etc.
Cost of the machine is:
Cost of acquisition $4,000,000
Cost of installation. $10,000
Building a clean room. $3,000,000
Total cost is. $7,010,000
No salvage value
Useful life is 5 years
Cost of depreciation using the straight-line method is
(cost of the asset - salvage value) ÷ number of useful life
$7,010,000 ÷ 5
= $1,402,000
