Answer:
long-run average total cost decreases as output increases.
Explanation:
Answer:
Reducing cost
Explanation:
Competitive advantage is defined as the edge a firm has over others that results in greater profits.
It can be as a result of technology, price, cost reduction, or quality.
In the given scenario where an organization implements an information system to optimize its supply chain by decreasing wastage, it is reducing its cost as a way of gaining competitive advantage over other companies.
Explanation:
The computation is shown below:
Relative price of a carton of juice = Cost of carton of juice ÷ Cost of can of soda
= $1.75 ÷ $1.25
= 1.4
And, the relative price of a carton of juice if the absolute price of a carton of juice is unchanged
Relative price of a carton of juice = Cost of carton of juice ÷ Cost of can of soda
= $1.75 ÷ $1.50
= 1.167
Therefore, the relative price is decreased
Answer: Name of business
Name of financial statement
Date.
Explanation:
The balance sheet refers to the financial statement which shows the assets, the liabilities, and the equity of the owner on a particular date.
The three parts of a balance sheet heading are the name of business, the name of the financial statement and the date.