I’m pretty sure the answer is c
Answer:
a. $270,900
b. $6.30
c. $24,570
Explanation:
(a) The depreciable cost = $270,900
(b) The depreciation rate = $6.30
(c) The units-of-activity depreciation for the year =- $24,570
Average variable cost (ATC/Q)
Answer:
Inferior goods are goods that are bought less as income of buyers increase.
Explanation:
In business, inferior goods can be described as goods that experience declines in their demand or sale when the income of buyers or consumers increase.
This implies that there is a negative relationship between the demand of inferior goods and the income of the buyers.
Put in another way, inferiors goods are the more affordable substitutes for goods that are expensive when the income of the consumers fall.