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4 years ago

Marginal cost is the average variable cost and the average total cost when they are

Business

1 answer:

fredd [130]4 years ago

8 0

Answer: equal to; at their minimum.

Explanation: Marginal cost is equal to the average variable cost and the average total cost when they are at their minimum.

Thus, when average total cost is increasing, marginal cost must be above average total cost; and when at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost.

Marginal cost is the increase in the cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

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Three explorers are getting kidnapped by an evil tribe deep in the jungle, and their life now depends on their ability to correc

Nutka1998 [239]

Answer:

Brunette

Explanation:

Originally there were 3 brunettes and 2 blondes. If once you are able to see, you realize that 2 brunettes are standing behind your friends, that means that behind you there could be one of two blondes or the remaining brunette.

The possibility of the wife behind you being a blonde is 2/3 or 67%, while the chance of her being brunette is only 33%. But this question is not about probability, instead it is about game strategy. I would bet that the wife behind me is a brunette.

Imagine that the two women that you saw were blondes, then you would immediately say brunette. Even if you only saw one blonde wife, your obvious choice would be brunette. This applies to all 3 friends and the chief is gambling against you all 3. He will not give any of you any type of advantage.

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4 years ago

Why is personal selling emphasized in business markets and advertising emphasized in consumer markets?

Ilya [14]

Answer:

With personal selling, the salespeople go out into the market and explain the benefits of a product in person. This is what businesses prefer because they have to make large scale purchase decisions and so would like to develop a personal relationship with the supplier that will enable them to have all the information they need.

There is also a need for customization in the business market because business might want the goods supplied to be adjusted in a certain way to enable them process and sell it.

This is different from the consumer market where purchases are not as large scale and there is little need to customize goods. Advertising to the general public is therefore better because the goods would be standard and there would be no need for personal relationships as in the business market.

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3 years ago

Solano Company has sales of $580,000, cost of goods sold of $410,000, other operating expenses of $54,000, average invested asse

Anon25 [30]

Answer:

ROI=6.44%

Investment Turnover=0.32

Profit Margin=20%

Residual Income (RI) = -$46,000

a) ROI =9.28%, RI= $5,000

b) ROI=7.19%, RI= -$32,500

c) ROI=6.15%, RI= -$51,400

d) ROI=5.4%, RI= -$76,600

e) ROI=6.44%, RI= -$154,000

Explanation:

1. ROI is calculated as (Operating profit/Average net asset/Investment)*100.

Investment turnover is calculated as Net sales/Average net asset/Investment.

Profit Margin is calculated as Operating profit/Total sales.

Residual Income is calculated as Operating profit-(Average net asset/Investment * Hurdle rate).

Note: Operating profit= Sales-(Cost of goods sold+Operating expenses)

a) 30% increase in sales & cost of goods sold will increase the ROI & Residual income.

b) Decrease in operating expense will increase the operating income, thereby increasing the ROI & RI.

c) Increase in operating expense by 10% will reduce the operating income, thereby decreasing the ROI & RI.

d) Increase in average invested assets by $340,000 will reduce the ROI & RI.

e) Change in hurdle rate will not change the ROI; however, it will decrease the residual income (RI).

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4 years ago

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2 years ago

Marginal cost is ________ the average variable cost and the average total cost when they are ________

Marginal cost is the average variable cost and the average total cost when they are