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Vladimir [108]
3 years ago
6

If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any

?
Business
1 answer:
Ugo [173]3 years ago
4 0

Answer:

Average cost would be rising.

Explanation:

Average cost is the cost of goods produced divided by number of goods produced. Cost of goods include both fixed cost and variable cost. However, marginal cost is the cost incurred in producing on addition unit, it changes the total cost of production. When average cost decline then the marginal cost will be less than average cost. When average cost increases then the marginal cost will be greater than the average cost and if Average cost stay the same then marginal cost will be equal to average cost.

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People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

  • Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

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2 years ago
The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Units Cost per Unit Net Rea
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1. $47,255

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Explanation:

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3 0
3 years ago
On the first day of the fiscal year, Shiller Company borrowed $63,000 by giving a five-year, 12% installment note to Soros Bank.
lidiya [134]

Answer:

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Explanation:

The journal entry is shown below:

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  To Notes Payable                         $63,000

(Being the issuance of the installment note for cash is recorded)

For recording this transaction, we debited the bank account as it increased the assets account and at the same time it decreased the liabilities so the notes payable is credited

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2 years ago
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2 years ago
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Both the satisfaction of creating new products and the possibility of earning money are INCENTIVES for an entrepreneur.

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3 years ago
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