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Nadya [2.5K]
3 years ago
6

What is the relationship between average total cost (ATC) and marginal cost (MC)? A. It is exactly the same as the relationship

between the AVC curve and the MC curve. B. The ATC curve lags behind the MC curve even more than the AVC curve does. ° C. The MC curve intersects the ATC curve at its minimum point. D. The ATC curve follows the MC curve but lags behind because it is an average over all units of output.E. All of the above.
Business
1 answer:
lutik1710 [3]3 years ago
6 0

Answer:

C

Explanation:

The relationship between average total cost (ATC) and marginal cost (MC) is that the MC curve intersects the ATC curve at its minimum point.

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Ranch Company estimates warranty expense as 5% of sales. On January 1, warranties payable was $13,000. During the year Ranch pai
Yuki888 [10]

Answer:

$13,000

Explanation:

The computation of the december 31 liability for the warranty is shown below:

Given that

Warranty expense = 5% of sales

Warranty payable = $13,000

Paid amount = $5,000

Sales = $120,000

based on the above information

The warranty liability as on Dec 31 would be equivalent to the warranty payable i.e. $13,000

The same is to be considered

3 0
3 years ago
The owner of a bicycle repair shop forecasts revenues of $212,000 a year. Variable costs will be $63,000, and rental costs for t
Nataly [62]

Answer:

Sales Revenue            212,000

Variable Cost               (63,000)

Rent Expense               (43,000)

Depreciation Expense (23,000)

Income before taxes     83,000

Income tax expense <u>    (16,600)   </u>

Net Income                    84,800

Cash from operating activities 107,800

tax-shield from depreciation 4,600

Explanation:

Cash flow from operations (indirect method)

net income 84,800 + depreciation expense = 107,800

The depreciation provides a tax shield as they are an accounting concept. The depreciation expense did not involve the outflow of cash but, it is a taxable deduction therefore generates a tax-shield.

23,000 x 20% = 4,600

7 0
3 years ago
Compared to those in low-income countries, the residents of countries with high per person incomes nearly alwaysa. live longer.b
Sedaia [141]

Answer:

The correct answer is the option D: all of the above.

Explanation:

On one hand, a <em>low income country</em> is the type of country whose economy is poor mostly. It is characterized by the fact that it has no industry and most of its population has not enough money to make a good living.

On the other hand, a <em>high per person income country</em> is the concept used to refer to the whole opposite situation, in which <em>most of the people has enough money to make a good living</em> and also the majority of them are happy with that style of living due to the fact that the economy is doing well. Therefore that <em>in this type of country is where the citizens have more advantages</em>, including both<em> lower infant mortality rate</em> and <em>lower illiteracy rate</em> as well too. In addition, is in those countries where the <em>people live longer</em> because there are better health condition to live, including better medication, doctors, etc.

6 0
3 years ago
Monopolistically competitive firms:
Annette [7]

Answer:

<h2>The correct answer here would be option a. given in the answer choices or earn a positive economic profit if price is greater than ATC(Average Total Cost).</h2>

Explanation:

  • Monopolistically competitive market is a particular type of market structure characterized by multiple number of firms producing and selling various differentiated products in the market.
  • Monopolistically competitive firms usually have higher pricing and market power than a perfectly competitive market structure but less than the purely monopolistic market structure with only one seller.
  • Since,the monopolistically competitive firms have limited market and pricing power as they sell differentiated products or services,they can evidently charge or set a price for their products or services greater than the Average Total Cost or ATC and earn positive economic profit in the market.
  • However,due to presence of partial market competition or rivalry, any economic profit earned by the firms in the short run would attract more number of firms to enter the market in the long run until the chance of probability of earning any further economic profit is completely diminished.
5 0
3 years ago
In the U.S., cash takes which two forms
Natali5045456 [20]

its takes the form of paper money and coins

4 0
3 years ago
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