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FrozenT [24]
3 years ago
8

X-inefficiency refers to a situation in which a firm: Group of answer choices fails to realize all existing economies of scale.

encounters diseconomies of scale. fails to achieve the minimum average total costs attainable at each level of output. is not as technologically progressive as it might be.
Business
1 answer:
Veronika [31]3 years ago
4 0

Answer:

fails to achieve the minimum average total costs attainable at each level of output.

Explanation:

X Inefficiency do take place in a firm when there is little or no incentive in controlling costs. As a result of this average cost of production will go up than necessary. And as a result of lack of incentives, technically, the firm will be far from efficient. It should be noted that X-inefficiency could be described as a situation in which a firm fails to achieve the minimum average total costs attainable at each level of output.

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Answer:

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5 0
3 years ago
In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 370 units at
Andreas93 [3]

Answer:

The cost of the ending inventory under FIFO is $2,430 and under LIFO is  $1,620

Explanation:

First determine the units sold

Units Sold = Total Purchases - Units in hand

                  = 1,410 units - 270 units

                  = 1,140

Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.

FIFO

Means First in First Out

Cost of the ending inventory = 270 x $9.00 = $2,430

LIFO

Means Last in First Out

Cost of the ending inventory = 270 x $6.00 = $1,620

Conclusion

The cost of the ending inventory under FIFO is $2,430 and under LIFO is  $1,620

5 0
3 years ago
Sheldon Company began Year 1 with $1,600 in its supplies account. During the year, the company purchased $4,700 of supplies on a
Annette [7]

Answer:

$2700 supplies in hand

$3600 Supplies expense

Explanation:

As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings

WORKINGS

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8 0
3 years ago
15 points and ill award brainliest to the right answer.
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