Answer:
The correct answer is option d.
Explanation:
A monopolistic firm is producing 12000 units at a price of $10 per units.
The average variable cost per unit is $6/unit.
The fixed costs are $15,000.
The average fixed costs will be
=
=
=1.25
The average total cost is
=average fixed cost+average variable cost
=$(6+1.25) per unit
=$7.25 per unit
Here, the price per unit is greater than average total cost per unit. This means that the firm is having supernormal profits. This will attract other firms to join the market.
In the long run, when new firms enter the market, the market supply will increase leading to a fall in price.
Fixed costs that usually arise from annual spending decisions by management are discretionary costs.
<h3>What is CBA?</h3>
CBA is an acronym for cost-benefit analysis and it can be defined as a financial technique (utilitarianism) which is used by individuals, business firms and government to examine and compare the cost that is associated with a product, project or task and the benefits that would be derived from it.
<h3>What is a
discretionary cost?</h3>
A discretionary cost can be defined as a type of fixed cost that is usually generated from various annual spending decisions by the executive management of a business organization.
Read more on discretionary cost here: brainly.com/question/20166143
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Answer:
4
Explanation:
The chi-squared test tests whether distribution of a population of something (such as people, traits etc) into categories deviates significantly from expected values.
The degrees of freedom represents the number of independent ways by which a system can change. The degree of freedom is always the number of categories being analyzed minus 1.
Therefore, the degrees of freedom in this example is 5-1 = 4
Answer:
d) the dining room where customers eat their meals
Explanation:
In the given situation, since it is mentioned there is a Sammy's fast food restaurant that generates the sandwiches, soups, and other items for customers
So based on the options given, the last option should be considered as a fixed input for the production function as the dining room is a fixed plus non-movable item so the same is to be considered
hence, the correct option is d.
The elastic clause is a section of the constitution of the United States of America that grants Congress the authority and power to pass all laws that are needed to carry out the enumerated list of powers. The elastic clause can be found in article 1, section 8 of the Constitution. This law basically grants congress the power to pass the laws necessary for it to carry out its own functions. <span />