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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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A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $105 (a $525 check
aleksandrvk [35]

Answer:

$5,275

Explanation:

Bank Reconciliation Statement

Balance as per Cash Book              $4,600

Add check error                                   $105

Add unpresented checks                    $830

Less Lodgments not yet credited     ($260)

Balance as per Bank Statement      $5,275

therefore,

The adjusted Cash book balance is $5,275

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2 years ago
The Bretton Woods institutions are reflective of a ________ economic perspective. a. constructivist b. statist c. liberal d. mer
ser-zykov [4K]

Answer:

C is the correct answer.

Explanation:

The result of the Bretton Woods System was launched after the end of the world war. It was a liberal system as it aimed to set an open system of international trade in goods and services. It was also facilitated by semi-fixed exchange rates. But at the same time, it wanted to embed the market forces in a framework where they could be controlled by National Governments so that they can control the international capital flow. And for this purpose, The world Bank and International Monetary fund were created.

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3 years ago
On January 1, Whispering Winds Corp. had 62,600 shares of no-par common stock issued and outstanding. The stock has a stated val
Elenna [48]

Answer:

Explanation:

The journal entries are shown below:

1. Cash Dividend A/c Dr $122,838                       (62,600 + 16,650) × $1.55

        To Dividend payable A/c  $122,838

(Being the dividend is declared)

2. Dividend payable A/c $122,838

       To Cash A/c $122,838

(Being the dividend is paid)

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              To Dividend payable A/c $142,973

(Bring dividend is recorded)

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3 years ago
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kondaur [170]

Answers:

Correct answer:

1. Investment

2. Trade-off of present for future benefit

Incorrect answers:

1. The only possible decision

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3 0
3 years ago
when the percentage change in the price is greater htan the resulting percentage change in quantity demanded,
Oliga [24]
The price elasticity of supply is given by a similar formula: If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.
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