Answer: Option (e) is correct.
Explanation:
Correct Option: both a and c
Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.
Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.
Answer:
the net present value is a measure of profits expressed in today's dollars pls mark me as the brainliset hope it helps you
Answer:
1,200 hours
Explanation:
Solving mathematically this will be :
<em>y = ax^b</em>
where,
y is the cumulative average time required to produce x units
a is the time required to produce the first unit of output
x is the number of units of output under consideration
b is the log of the Learning Curve % divided by Log 2
The firm use 150 hours to work on the product during the second month
Amount of time used in the first month will be calculated as :
y = 400(8)^(-0.322)
= 204.8 hours (average)
Total for 8 units = 204.8 hours × 8 units
= 1,638.40 hours
Amount of time used for the total months to manufacture 18 units :
y = 400(18)^(-0.322)
= 157.74 hours (average)
Total for 18 units = 157.74 hours × 18 units
= 2,839.32 hours
Therefore,
Hours to be used in the second month = Time on 18 units - Time on 8 units
= 2,839.32 hours - 1,638.40 hours
= 1,200 hours
So, the firm use 1,200 hours in total for the 10 units. Which gives an average of 120 hours per unit
Answer:
The correct answer is letter "A": is an internal document that helps summarize data for the preparation of financial statements.
Explanation:
In Accounting, worksheets are reports created at the end of a period to include all accounts' balances, adjustments, and adjustments' balances in financial orders. This is a summary of all the transactions of the accounting period that enables companies to prepare their Financial Statements. The worksheet represents the draft of the <em>Trial Balance</em>.
