Answer:
a. Average total cost minus average fixed cost.
Explanation:
- Total cost of production (TC) can be expressed as the sum of two elements: total fixed cost (F) -those cost that do not vary with output level - and total variable cost (V) - which are those cost that vary with the level of production.
- Average total cost (ATC) is simply the division of total cost by the output produced (Q):
. - Average variable cost (AVC) is the division of variable cost by the output produced:
. - Then, average variable cost can be obtained by :
- dividing the total variable cost by output (option c) or
- subtracting to average total cost the fixed average cost (
), (option a).
Answer:
The answer is: remain the same
Explanation:
The marginal utility of a good or service is how much better we feel when consuming an extra unit of that good or service. For example if we are very thirsty, the marginal utility of consuming a can of Coke is very large, but once our thirst is quenched, an extra can of Coke will not provide use with that much satisfaction as before.
If the price of a substitute good increases, the marginal utility of the good whose price didn't change, will remain the same.
Let's go back to the Coke example. An extra can of Coke will give me 5 more satisfaction units (I'm assuming I can measure satisfaction) and an extra slice of pizza will give me 7 more units of satisfaction. If the price of Coke increases from 50 cents to $1, its marginal utility will decrease. I will buy more pizza because the satisfaction I get from drinking Coke is now smaller.
Answer:
A. the nature of any future transactions planned between the parties and the terms involved
Explanation:
If a business entity entered into certain related party transactions, it would be required to disclose details such as the dollar amount of the transactions for each of the periods for which an income statement is presented,amounts due from or to related parties as of the date of each balance sheet presented,nature of the relationship between the parties to the transactions.
These options are related with the current transactions involved between the two parties.
It will however be wrong and unethical to disclose the nature of any future transactions planned between the parties and the terms involved.
Answer:
2019 = 2750
2020 = 5500
Explanation:
Given that:
Cost of truck = $36000
Salvage value = $3000
Useful life = 120, 000 miles
(Cost of asset - salvage value) / useful life
(36000 - 3000) / 120,000 = 0.275
2019 : 0.275 x 10,000 = 2750
2020 : 0.275 * 20000 = 5500
