Answer:
The average total cost of production will decrease.
Explanation:
Average total costs consists of total fixed cost plus the total variable cost divided by the number of output/unit produced.
Now, since the fixed cost is fixed and doesn't change due to the change in output, the fixed cost per unit or the average fixed cost will decrease when the output will increase. Hence, resulting in the decrease of the average total cost of production.
I hope I cleared your concept above.
Best of luck and Good luck.
A source document
This document, when coupled with a bill of lading and/or packing list, can be used to invoice a customer, which in turn generates a sale transaction. Supplier invoice. This is a source document that supports the issuance of a cash, check, or electronic payment to a supplier.
The two requirements of supply that someone must meet in order to be considered a producer are the following:
1. the willingness to supply a product or service
2. the ability to supply a product or service
Without these two, you don't have what it takes to become a producer. But if you have the means to support your company, and the wish to do so, there's nothing stopping you.
Answer:
b.how costs react to changes in activity level
Explanation:
Cost behavior analysis is the study of how operating cost varies with changes in production level. Management uses mathematical functions to understand how costs change relate to activity level. The costs in reference include fixed, variable, and mixed costs incurred in the manufacturing process.
Understanding cost behavior helps management in controlling and planning business costs. The analysis is useful in determining the cost, profit, volume relationship, including break-even points.
Seven major elements of communication process are:
(1) sender
(2) ideas
(3) encoding
(4) communication channel
(5) receiver
(6) decoding
(7) feedback.
