If a firm's marginal costs <u>fall</u>, then its <u>price falls.</u>
This is based on the principle that if the marginal cost of a product or firm rises, that implies that the firm is operating at a high fixed cost, thereby leading to an increase in the cost of production, which generally equates to products having a high price.
On the other hand, where there is low marginal cost, production costs reduce because the products are being produced at a lower fixed cost. Thereby leading to lower prices.
Hence, in this case, it is concluded that "If a firm's marginal costs <u>fall</u>, then its <u>price falls</u>."
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Answer:
The correct answer is letter "B": direct labor and factory overhead.
Explanation:
Conversion costs are those expenditures as a result of converting raw materials into final goods. Thus, conversion costs imply considering the direct labor costs and the manufacturing overhead costs. Besides, costs of power service and other utilities needed for the production service fall into this category.
<span>The one that describes a developing nation is A, a command economy with a low human development index. The developing country or also known as the industrialized nation is a sovereign express that has an exceptionally created economy and progressed innovative foundation with respect to different less industrialized countries.</span>
Answer:
Explanation:
Commutative laws: p ∧ q ≡ q ∧ p
p ∨ q ≡ q ∨ p
Associative laws: (p ∧ q) ∧ r ≡ p ∧ (q ∧ r)
(p ∨ q) ∨ r ≡ p ∨ (q ∨ r)
Distributive laws: p ∧ (q ∨ r) ≡ (p ∧ q) ∨ (p ∧ r)
p ∨ (q ∧ r) ≡ (p ∨ q) ∧ (p ∨ r)
Identity laws: p ∧ t ≡ p
p ∨ c ≡ p
Negation laws: p ∨ ∼p ≡ t
p ∧ ∼p ≡ c
Double negative law: ∼(∼p) ≡ p
Idempotent laws: p ∧ p ≡ p
p ∨ p ≡ p
Universal bound laws: p ∨ t ≡ t
p ∧ c ≡ c
De Morgan’s laws: ∼(p ∧ q) ≡ ∼p ∨ ∼q
∼(p ∨ q) ≡ ∼p ∧ ∼q
Absorption laws: p ∨ (p ∧ q) ≡ p
p ∧ (p ∨ q) ≡ p
Negations of t and c: ∼t ≡ c
∼c ≡ t
