Answer:
III. when marginal cost is above average cost, average cost is constant.
Explanation:
Marginal Cost (MC) is the addition to total cost , when an additional variable factor is employed. MC = TCn - TCn-1
Average Total Cost AC is the Total (Fixed &Variable Cost) per unit variable factor employed. AC = TC / Q
MC AC relationship : <u>MC > AC - AC rise</u> ; MC < AC - AC fall ; MC = AC - AC minimum. '3rd' is opposite to the 1st underlined MC AC relationship.
2nd & 4th are other right components of MC AC relationship. MC < AC - AC fall ; MC = AC - AC minimum (MC cuts AC at its minimum)
1st is also correct as when more variable factors are employed - total cost first increases at a decreasing rate (MC falls) & then it increases at an increasing rate (MC rises). MC curve cuts AC curve at its minimum (MC = AC - AC minimum)
Answer:
The correct option is (B) $365,530.
Explanation:
In this problem we need to determine the future value, i.e. the amount at the retirement age.
The formula to commute the future value is:
![\\ FV=A[\frac{(1+r)^{n}-1}{r}]](https://tex.z-dn.net/?f=%5C%5C%20FV%3DA%5B%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%5D)
Here,
A = annual investment = $5,000
r = interest rate = 8%
n = number of periods = 25
The future value is:
![\\ FV=A[\frac{(1+r)^{n}-1}{r}]\\=5000\times[\frac{(1+0.08)^{25}-1}{0.08}]\\=365529.699\\\approx365530](https://tex.z-dn.net/?f=%5C%5C%20FV%3DA%5B%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%5D%5C%5C%3D5000%5Ctimes%5B%5Cfrac%7B%281%2B0.08%29%5E%7B25%7D-1%7D%7B0.08%7D%5D%5C%5C%3D365529.699%5C%5C%5Capprox365530)
Thus, the amount of money the engineer will have in the account at retirement is $365,530.
I would say, "Please wait a moment. I'll check if the item will be in stock soon or already in stock." If the supervisor is available quickly after he or she is done, I'd ask them if they could help look in the back.
Answer: The correct answer is "C) giving up rather than standing up to the boss as required by law.".
Explanation: This is a situation of: <u>giving up rather than standing up to the boss as required by law.</u>
Michael should have sued his boss before the law so that he could instead be compensated for the bad treatment and discrimination and also collect unemployment compensation in the event that the employment relationship is terminated.
