Answer:
The average total cost of producing 60 units of output is:
b. $21.67
Explanation:
a) Data and Calculations:
Variable Fixed Output Marginal Physical Total Total Marginal
Input Input Product of Variable fixed variable Cost
input cost cost
0 1 0 $500 $0
1 1 10 (A) $500 $200 (F)
2 1 25 (B) $500 400 (G)
3 1 45 (C) $500 600 (H)
4 1 60 (D) $500 800 (I)
5 1 70 (E) $500 1000 (J)
The total cost of producing 60 units of output = $1,300 ($500 + $800)
Average total cost of producing 60 units of output = $21.67 ($1,300/60)
Answer:
rely on the invisible hand of the market to reallocate resources,
Explanation:
The invincible hand was adams Smith's idea which is defined as an observable market force that helps the demand and supply of goods in a free market to attain equilibrium naturally without government intervention in the market thereby leaving the people alone to buy and sell freely among themselves . This would naturally choose type of goods to be produced and reduce resource waste by closing Down weak markets that produce less demanded products.
Answer:
The query may still be specified in SQL by using a nested query as follows (not all
implementations may support this type of query):
SELECT DNAME, COUNT (*)
FROM DEPARTMENT, EMPLOYEE
WHERE DNUMBER=DNO AND SEX='M' AND DNO IN ( SELECT DNO
FROM EMPLOYEE
GROUP BY DNO
HAVING AVG (SALARY) > 30000 )
GROUP BY DNAME;
Explanation:
To get the answer, you need to calculate this:
19 donees (5 married children + 5 spouses + 9 grandchildren) ×$14,000 (annual exclusion for 2016) × 2 donors (Elijah and Anastasia) = 19(14000) (2)
=19(28000)
=532,000
Through this, you will get the answer of $532,000
Answer:
The answer is $18,810
Explanation:
Cost of goods sold equal:
Beginning or opening inventory plus purchases minus ending or closing inventory.
Monte Vista returned some inventories and also took advantage of discount. So this will reduce the cost of total purchases for the quarter.
Total purchase = new purchases minus purchase returns minus any discount enjoyed.
So total purchase is now:
$10,000 - $1,350 - $340
=$8,310
Therefore cost of goods sold is:
$44,000 + $8,310 - $33,500
=$18,810
