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lara31 [8.8K]
3 years ago
9

Marginal cost ______(A) Is the change in total output from hiring one more factor of production.(B) Is the change in total cost

from producing one additional unit of output.(C) Falls when there are diminishing returns.(D) Is the change in the total cost when hiring one more factor of production.
Business
1 answer:
cupoosta [38]3 years ago
7 0

Answer:

(B) Is the change in total cost from producing one additional unit of output

Explanation:

Marginal cost is the change in the total cost of production as a result of increasing the quantity produced by one unit.

Diminishing returns causes marginal cost to increase.

Marginal product of labor (MPL) is the change in output as a result of hiring one more unit of labour.

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Explanation:

The average variable cost (AVC) decreases by 10% with each doubling of cumulative output:

<u>Production level in units</u>                         <u>AVC per unit</u>

    1,000                                                   $12.50 per unit

    2,000                                                  $11.25 per unit

    3,000                                                  $10.13 per unit

    4,000                                                  $9.11 per unit

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Two taxes on employers, two taxes on employees, OASDI and HI taxes and taxes on the net earnings of the self-employed 
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Suppose the central bank implements expansionary monetary policy where the money supply increases. Which of the following will t
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D they both will increase

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When sales exceed production, the net operating income reported under variable costing generally will be:_____.
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When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

Learn more about Absorption costing here brainly.com/question/26276034

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2 years ago
Ctrl+_______ selects the last cell with data.
mr Goodwill [35]
<span>Ctrl+End Although this is actually a shortcut method in excel for accomplishing the task in the above named question, there is no other direct methods for selecting the last set of data one is working with in Microsoft excel.</span>
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