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ExtremeBDS [4]
3 years ago
6

A firm's average total cost is minimized when it produces 10 units. When it produces 10 units, the average total cost is $5/unit

. What is the marginal cost when the firm produces 10 units
Business
1 answer:
timurjin [86]3 years ago
5 0

Answer:

$5/unit

Explanation:

In the theory of production cost, the relationships between average total cost and marginal cost are as follows:

1. When the average cost is increasing, the marginal cost will be greater than the average cost.

2. When the average cost is decreasing, the marginal cost will be less than the average cost.

3. When the average cost at the minimum, the marginal cost equals the average cost.

Based on number 3 above, the marginal cost when the firm produces 10 units is $5/unit since the firm's average total cost is minimized when it produces 10 units.

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Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True
Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

4 0
3 years ago
Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
Paraphin [41]

Answer:

(A) -5/6

Explanation:

Price elasticity of demand = % change in quantity demanded ÷ % change in price

% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%

% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%

Price elasticity of demand = 50% ÷ -60% = -5/6

8 0
3 years ago
Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.
Bumek [7]

<u>TRUE</u>

<em>Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.</em>

<em><u></u></em>

4 0
3 years ago
Read 2 more answers
Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers accord
cricket20 [7]

<u>Full question:</u>

Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers on the basis of demographic variables such as income, ethnic background, and family life cycle. In this context, these demographic variables are examples of _____.

a. positioning bases

b. segmentation bases

c. product classes

d. market positions

<u>Answer:</u>

In this context, these demographic variables are examples of segmentation bases

<u>Explanation:</u>

Segmentation bases are the dimensions that can be applied to fragment a market. A segmentation basis is described as an assortment of variables or features used to select dormant customers to analogous groups. Demographic segmentation is one of the usual recommended and commonly used varieties of market segmentation.

Segmenting based on identifiable group attributes, such as age, profession, matrimonial status and so on. Because demographic information is analytical and accurate, it is normally almost easy to reveal using various sites for market research.

5 0
3 years ago
A company declared and paid a cash dividend. The dividend would appear on the company's statement of cash flows as: Select one:
Kisachek [45]

Answer:

d. a deduction under financing activities.

Explanation:

As if the company declared and paid the cash dividend so the same is to be considered in the financing activities of the cash flow statement.

This amount should be shown in the negative amount as it decreases the cash that means it is an outflow of cash

Hence, the correct option is d. and the same is to be considered

3 0
2 years ago
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