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3 years ago

If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be

Business

1 answer:

Arlecino [84]3 years ago

8 0

Answer:

Less than average total Cost

Explanation:

Average total cost can be estimated as

(total fixed cost as well as variable costs )/ ( total units produced). It has a great impact on how a business is going to set up the price of their products. Marginal cost is can be regarded as alteration in total cost as a result of increase in unit of quantity produced. It should be noted that If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be Less than the average total cost

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Suppose Dina is an avid reader and buys only comic books. Dina deposits $3,000 in a bank account that pays an annual nominal int

Tomtit [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Dina deposits $3,000 in a bank account that pays an annual nominal interest rate of 10%. The comic book is priced at $15.00.

We don't have the number of years on the investment. But we can figure out an answer.

With $3000 she can buy:

Number of comics= 3000/15= 200 comics.

Using the following formula we can calculate the amount of money that she will have at the end of several years.

FV= PV*(1+i)^n

For example:

1 year

FV= 3000*1.10^1= $3300

Comics= 3300/15= 220 comics

5 years:

FV= 3000*1.10^5= $5,315

Comics= 5315/15= 354 comics

8 0

3 years ago

The primary benefit of a MINIMAX objective function is

sladkih [1.3K]

Answer:

The correct answer is letter "C": it yields a larger variety of solutions than generally available using an LP method.

Explanation:

In Goal Programming (GP), the MINIMAX objective aims to minimize the maximum deviation from any type of objective. This approach carries a larger number of solutions compared to the Linear Programming (LP) method which mainly focuses on assigning more weight to each goal in the objective function.

4 0

3 years ago

Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin

larisa [96]

Answer:

H. J. HEINZ COMPANY

Partial Balance Sheet

For the month ended April 30, 2017

Assets

Current assets

Cash $373,145

Accounts receivable $1,171,797

Inventory $1,237,613

Prepaid insurance $125,765

Total current assets $2,908,320 A

Property, plant, and equipment

Land $76,193

Buildings $4,033,369

Less: Accumulated depreciation $2,131,260 $1,902,109

$1,978,302 B

Intangible assets

Goodwill $3,982,954

Trademarks $757,907

$4,740,861 C

Total assets (A+B+C) $9,627,483

6 0

3 years ago

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because:__________

AlladinOne [14]

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because of the scarcity of factors of production.

The law of increasing opportunity cost holds that as an economic system moves alongside its manufacturing opportunities curve inside the path of producing extra of a particularly appropriate, the possibility fee of additional devices of that truth will increase.

The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting an extraordinary crop or a trade use of the sources (land and farm gadget). A commuter takes the train to work as opposed to riding.

Opportunity cost is an economic time period that refers back to the cost of what you have to give up that allows you to pick something else. In a nutshell, it is the cost of the street not taken.

Learn more about opportunity cost here: brainly.com/question/1549591

#SPJ4

3 0

2 years ago

If Canadian Dollar (CAD) = 14.46 Mexican Peso (MXP) and 1 MXP = .07 CAD, how much would a Canadian tourist pay in CAD for a hote

disa [49]

Answer:

A. 70

Explanation:

1000/0.07=70

6 0

3 years ago