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kirill115 [55]
3 years ago
8

The firm's efficient scale is the quantity of output that minimizesa. average total cost. b. average fixed cost. c. average vari

able cost. d. marginal cost.
Business
1 answer:
vlada-n [284]3 years ago
4 0

Answer: Option (a) is correct.

Explanation:

Correct option: Average Total Cost (ATC)

The firm's efficient level is the quantity of output that minimizes the average total cost. Firm's efficiency is attained at a point where price is equal to marginal cost. Hence, there is one more condition where marginal cost is equal to average total cost.

It is also a point where firm can maximize its profit and total quantity of output is also maximized at this point.

∴ At this point of maximization, firm's efficient level of quantity minimizes the average total cost.

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3 years ago
The W. J. Clinton Company issued 750 shares of $1 stated value common stock in exchange for land from the Whitewater Investment
MrMuchimi

Explanation:

The journal entry is as follows:

Land  Dr $70,000

Additional paid in capital  $5,000

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(Being the common stock is issued in exchanged for cash)

The computation of the additional paid in capital is shown below:

= Common stock - the appraised value of land

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3 years ago
Sustainable Growth Rate You have located the following information on Rock Company: debt ratio = 46.5%, capital intensity ratio
Sliva [168]

Answer:

The correct answer is 10.72% ( Approx.).

Explanation:

According to the scenario, the given data are as follows:

Debt ratio = 46.5%

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Formula to calculate sustainable growth rate ae as follows:

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where, Retention rate =(1 - dividend payout rate)

= (1-0.38) = 0.62

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Hence, the correct answer is 10.72% (approx.).

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3 years ago
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