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barxatty [35]
2 years ago
11

Provide the economic term/concept for each of the following descripcions inte

Business
1 answer:
likoan [24]2 years ago
8 0

Answer:

Provide the economic term/concept for each of the following descripcions inte

only the term/concept next to the question number. No abbre hations will be accept

1.3.1 Compensation of employees, plus net operating surplus, plus consumption on feed

capital

1.32 This method is the value of final output produced by the three sectors of the economy

1.3.3 The method used to determine national income by totalling expenditure on final goods

and services.

1.3.4 The total income of the nation divided by the average income of the population

1.3.5 Wages, rent, interest and profit are exchanged for in the circular flow

1.3.6 A document showing anticipated revenue and estimated expenditure

1.3.7 This is paid to producers to reduce the costs of production and encourage the

production of goods and services.

1.3.8 They take the initiative to establish enterprises.

1.3.9 Relationship between the quantity of output and quantity of input

1.3.10 Rewards of the owners of capital

1.3.11 Free gifts of nature

1.3.12 A study that deals with the behaviour of individual consumers households or firms

1.3.13 When something is short in supply or not readily available

1.3.14 Deals with the behaviour and decision of the whole economy

13.15 Occurs when the capital stock grows at the same rate as the labour force

1.3.16 The amount that the worker receives each day, each week or at the end of a mant

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If you have an idea that no one has thought of, the trouble isA. it may be ahead of its time.B. you don't know if anyone will wa
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The completely correct sentence is;

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A product's ________ identifies the product or brand, describes several things about the product, and promotes the brand.
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3 years ago
Suppose that a firm produces 10 units of output. Its Average Variable Cost (AVC) = $25, Average Fixed Cost (AFC) = $5, and Margi
Andreyy89

Answer:

Total Cost  = $300

Average Total Cost = $30  

correct option is a.) Total cost is $300

Explanation:

given data

produces output = 10 units

Marginal Cost = $30

Average Variable Cost = $25

Average Fixed Cost = $5

solution

first we get here total cost that is

Total Cost = Total Variable Cost + Total Fixed Cost    .................................1

so here Total Variable Cost = Average Variable Cost × Output    

Total Variable Cost = $25 ×  10

Total Variable Cost =  $250

and total fix cost is = Average Fixed Cost × Output

total fix cost = $5 × 10 =

total fix cost = $50

so Total Cost is here

Total Cost  = $250 + $50

Total Cost  = $300

A) is correct

and

Average Total Cost will be

Average Total Cost = \frac{total\ cost}{out\ put}    ...................2

Average Total Cost = \frac{300}{10} = $30

Average Total Cost = $30  

3 0
3 years ago
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