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3 years ago

Average fixed costs for a given level of output can be determined graphically by:

Business

1 answer:

Nadya [2.5K]3 years ago

8 0

Answer:

The correct answer to the following question is option D) the vertical distance between ATC ( Average total cost ) and AVC ( Average variable cost ) .

Explanation:

AFC which is know as average fixed cost , can be taken out by dividing the total fixed cost from the total number of units produced. In the earlier phase , for the given number of units produced, both AVC and AFC curve would decrease, which would ultimately lead to fall in ATC. But when the units increase , the AVC would start to rise but AFC is still falling and due to this ATC would sill fall , because fall in AFC is still greater than rise in AVC . As output further rises , the AVC would keep on rising and would finally offset fall in AFC and ATC would also start rising. Therefore AFC would be determined by vertical distance between ATC and AVC.

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Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

sattari [20]

Answer:

Clayborn Company

The adjusted cash account balance (debit) should be:

$23,150

Explanation:

a) Data and Calculations:

Cash account balance (debit) $24,525

Bank Statement balance $21,800

Reconciliation issues:

Deposit in transit $ 7,450

Outstanding checks $ 6,100

Bank service fees, not yet recorded by company $ 100

A NSF check from a customer, not yet recorded by the company $ 1,275

b) Adjusted Cash balance:

Cash account balance (debit) $24,525

NSF check (1,275)

Bank service fees (100)

Adjusted cash balance (debit) $23,150

c) Adjusted Bank Statement balance:

Bank Statement balance $21,800

Deposit in transit 7,450

Outstanding checks (6,100)

Adjusted bank statement $23,150

4 0

2 years ago

problem 08-07 (algo) you are the manager of a monopolistically competitive firm, and your demand and cost functions are estimate

Ad libitum [116K]

Demand function: Q = 48 - 2P

a) 2P = 48 - Q

Therefore the inverse Demand function is

P = 24 - Q/2

b) P = 24 - Q/2

Total Revenue = PQ = (24 - Q/2)*Q

TR = 24Q - Q2/2

MR = differentiating TR with respect to Q

MR = 24 - Q

We know a firm will maximize profit at MR = MC

TC = 6 + 3Q + Q2

MC = 3 + 2Q

Putting MR = MC, we have

24 - Q = 3 + 2Q

24 - 3 = 2Q + Q

21 = 3Q

Q = 21/3 = 7

Q = 7

Putting the value of Q in the equation P = 24 - Q/2

P = 24 - 7/2

P = 24 - 3.5

P = 20.5

Therefore the profit-maximizing output is 7 and the price is $20.5

c) TR = PQ = 20.5*7 = $143.5

TC = 6 + 3Q + Q2 = 6 + 3*7 + 7*7 = 6 + 21 + 49 = $76

Profit = TR - TC = 143.5 - 76 = $67.5

Therefore the firm's maximum profit is $67.5

d) a) entry will occur until profits are zero

In the long run, more and more firms will enter the market and the economic profit will be zero in the long run.

In economics, a Demand function is a graph depicting the connection between the price of a sure commodity and the amount of that commodity that is demanded at that fee. call for curves may be used both for the price-amount courting for a person client, or for all purchasers in a selected marketplace.

Learn more about the Demand function here: brainly.com/question/24384825

#SPJ4

5 0

1 year ago

Northwestern Lumber Products currently has 17,500 shares of stock outstanding. Patricia, the financial manager, is considering i

SpyIntel [72]

Answer:

15,101.15 shares

Explanation:

Northwestern Lumber products has =17,500 shares of stock

The Manager Patricia considers issuing $135,000 of debt, at an interest rate of 6.6%

Let us find how many shares of stock will be outstanding once the debt is issued,

Given that

$65,000/17,500 = ($65,000 − 135,000(.066))/X

Then X = 15,101.15 shares

5 0

3 years ago

The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company

stealth61 [152]

Answer:

209,000 shares

Explanation:

The company is authorized to issue 209,000 shares which represent maximum shares that can be issued. Authorized shares is the maximum number of shares a company can issue and this is stated in the corporate charter.

5 0

2 years ago

The etruscans developed a special sophistication in casting and engraving on

Archy [21]

The Etruscans developed a special sophistication in casting and engraving on bronze.
The Etruscans were an ancient culture that was located in central and northern Italy. They were very famous for their art, especially for bronze casts and engravings that are an important archaeological relic even today. They weren't the first nation to do this type of art, however, they were the best.

4 0

3 years ago