Answer: a. always declines with increased levels of output.
Explanation: the average fixed cost curve graphically illustrates or shows the relation between average fixed cost a firm incurs in the short-run production of a good or service, and the quantity produced. The average fixed cost curve always declines with increases in the level of output resulting in a negatively sloped curve. This is to say that the average fixed cost is relatively high at smaller quantities of output, which then declines as the level of production increases--the more output increases, the more average fixed cost declines. Why this occurs is that a given fixed cost is spread over an increasingly larger quantity of output and as such, firms can profitably charge a lower price with increased output.
Answer:
The solution to the following problem is done below.
Explanation:
a) Journalize the entries to record the admission of adam to the partnership.
Account Title Dr Cr
Kala, Capital 20,000
Adam, Capital 20,000
Cash 10,000
Kala, Capital 8,000
Leah, Capital 6,000
Adam, Capital 24,000
b) Immediately after adam's admission to the partnership, leah sells one-fourth of her interest to denton for $35,000. journalize the entry to record the transaction.
Account Title Dr Cr
Leah, Capital 13,500
Denton, Capital 13,500
Answer:
![A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]](https://tex.z-dn.net/?f=%20A%20%3D%2028000%20%5B%5Cfrac%7B0.12%20%281.12%29%5E4%7D%7B%281.12%29%5E4%20-1%7D%5D)
![A = 28000 [\frac{0.12*1.574}{1.574-1}]](https://tex.z-dn.net/?f=%20A%20%3D%2028000%20%5B%5Cfrac%7B0.12%2A1.574%7D%7B1.574-1%7D%5D)
So then the annual pay would be $ 9218.564 for this case
Explanation:
For this question we can use the Equivalent annual value (A) given by the following expression:
![A = PV [\frac{i (1+i)^t}{(1+i)^t -1}]](https://tex.z-dn.net/?f=%20A%20%3D%20PV%20%5B%5Cfrac%7Bi%20%281%2Bi%29%5Et%7D%7B%281%2Bi%29%5Et%20-1%7D%5D)
Where 
represent the pesent value
since the rate is yearly
since we have 4 years to pay
So then we have everything to replace and we got:
So then the annual pay would be $ 9218.564 for this case
And this amount would be paid each year in order to pay all the money after 4 years.
<span>What
you give up for taking some action is called the opportunity cost.
Average total cost is falling when
marginal cost is below it and rising when marginal cost is above it.
A cost that does not depend on the quantity produced is a fixed cost.
In the
ice-cream industry in the short run, variable cost includes the cost of cream and
sugar but not the cost of the factory.
Profits equal total revenue minus
total cost.
The cost of producing an extra unit of output is the marginal cost.</span>
Answer:
voidable title
Explanation:
A voidable title is considered good and valid title until voided.
For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.
The difference with a void title is that a void title was never good and valid.
On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.
