I really need help with question 4 Please help

Choose the statement that is correct. A. The MC curve intersects the AFC, AVC, and ATC curves at their minimums. B. Initially

shepuryov [24]

Answer: C. The ATC curve eventually slopes upward because average variable cost eventually increases

Explanation:

The Law of Diminishing Marginal Returns causes the Average Total Cost curve to eventually slope upwards because the Average Variable Cost will increase.

Why?

At first, with production increasing, a firm will be very efficient at producing a certain good thereby driving the cost down per unit. As time goes on however, the law of Diminishing Marginal Returns comes into play as more is invested into the business. The cost per unit will therefore rise which will lead to the ATC curve going upwards.

I have included a simple graph to illustrate.

If you need any clarification do react or comment.

3 0

3 years ago

There are 5 applicants for a job, all of whom have different qualifications. the employer is in a hurry, and does not interview

Alenkinab [10]

To choose the two best, we have a target of two candidates, A & B
The first one chosen is either A or B, with a propability of 2/5.
The second one is the only interested candidate out of 4, so 1/4.
So probability of choosing the best two is 2/5*1/4=1/10.

Alternatively, use the combination formula,
P(AB in any order) = 5!/(2!3!)=120/(2*6)=1/10
or in general,
n choose r = nCr = n!/(r!(n-r)!)

5 0

4 years ago

"$1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will b

IgorLugansk [536]

The question is incomplete. Here is the complete question.

The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of the property is $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is

Answer:

$26,000

Explanation:

Weber company purchases a mining site for $1,750,000

The company is expected to mine ore for a period of 10 years

A total of 400,000 tons is expected to be recovered

The estimated residual value of the property is $150,000

During the first year, the company extracts 6,500 tons

Therefore, the depletion expense can be calculated as follows

Depletion expense= Actual number of tons that was extracted/Total number of tons to be extracted during the working period × (Original cost of the site-residual value)

= 6,500 tons/400,000 tons × ($1,750,000-$150,000)

= 0.01625 × $1,600,000

= $26,000

Hence the depletion expense is $26,000

3 0

3 years ago

Kellogg's has several cereals targeted at different types of users. This is an example of multiple products aimed at multiple ma

AleksAgata [21]

Answer:

The correct answer is number "3": doesn't reduce quality or increase price.

Explanation:

Different groups of people within a market imply different needs and preferences pushing companies to diversify in order to fulfill them. Though, one of the main characteristics of that diversification must be accessibility. Companies expect to gain in sales thanks to the segmentation of the market but not necessarily by increasing the price of the new products being sold or decreasing their quality.

3 0

3 years ago

Credit Card #1

o-na [289]

Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.

The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.

Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.

If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.

Learn more about APR on:

brainly.com/question/2772156

8 0

2 years ago