Answer:
The correct answer is A. The cost of a typical unit of output, if total cost is divided evenly over all the units produced
Explanation:
The average cost is the cost per unit of production, this is also called unit cost or average cost. It is called "average" since it is calculated by obtaining an average based on the fixed costs and variable costs of total production.
The average cost can be defined using a mathematical formula, basically it is calculated by dividing the total cost of production by the total amount of products available for sale per unit.
Answer: a. Only one policy will pay, the premiums for the other contracts will be returned.
Explanation:
When there are multiple insurance contracts from the same insurer and these contracts have a ''Other Insurance With This Insurer'' provision, it means that in cases where the insured wants to claim, they can choose whichever of the policies they want and that one will pay out but they cannot pick them all.
The premiums paid on the other contracts/s will be returned to the insured because it represents excess coverage.
Tertiary means commercial services.
Primary business purpose is a phrase denoting that the main intent of traveling out of town was to transact business.
A secondary industry makes products that are more likely to be consumed by individuals.
Hope this helps, have a good day. c;
Answer:
lower the cost of producing gasoline and increase the supply of gasoline
Explanation:
Crude oil is an input needed in the production of gasoline. If the price of crude oil falls, it would become cheaper to make gasoline and therefore the supply of gasoline would increase.
