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Hitman42 [59]
3 years ago
7

For a restaurant: Group of answer A. fire insurance on a building would be a fixed factor of production.B. labor and food would

be variable factors of production. C. a building would be a fixed factor of production in the short run. D. choices A and B are correct.
Business
1 answer:
ser-zykov [4K]3 years ago
5 0

Answer:

C. a building would be a fixed factor of production in the short run

Explanation:

A fixed factor of production are factors of production that cannot be readily varied with production level or output e.g. building, equipment.

A variable favor of production are factors of production that can be easily varied with production. E.g. labour

In the long run, all factors of production can be varied.

Insurance is an expense.

Food is the output produced by the restaurant.

I hope my answer helps you

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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
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D. Cash flow statement

Explanation:

that is the answer

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In order for Kanye West to perform on the new Arcade Fire album, he must first have what detailed clause in the contract between
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Read 2 more answers
Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. aver
Damm [24]

Answer:

A. average total cost is rising.

Explanation:

Whenever marginal cost is more than average cost it means it costs more to produce a unit now compared to the average cost of the previous units. Lets assume that a company produces 3 units  of a good.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The average cost is (1+2+3)/3=2

Now if the marginal cost for producing a unit is more than the average cost for example if the marginal cost is 4, then this will mean that average total cost is rising. we can mathematically check this.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The fourth unit costs $4

Average cost= (1+2+3+4)/4=10/4=2.5

Here we see that the average cost increased from 2 to 2.5 because marginal cost was greater than average cost.

4 0
3 years ago
Carrie Tune will receive $31,000 for the next 11 years as a payment for a new song she has written. Use Appendix D for an approx
r-ruslan [8.4K]

Answer:

$184,068.70

Explanation:

Given that

Annual payments = $31,000

Discount rate = 12%

Time period = 11 years

The computation of the present value is shown below:

= Annual payments  × PVIFA factor for 11 years at 12%

= $31,000 × 5.9377

= $184,068.70

Simply we multiplied the annual payments with the PVIFA factor so that the present value could arrive

Refer to the PVIFA table

6 0
3 years ago
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