A person is faced with undertaking these four activities on Monday

Liono4ka [1.6K]

Answer:

which language is this? or is it just nonsense?

5 0

3 years ago

Other things equal, if the prices of a firm's variable inputs were to fall: one could not predict how unit costs of production w

Paha777 [63]

The correct option is C) marginal cost, average variable cost, and the average total cost would all fall.

It is correct because if the variable cost falls, it will show its effect on marginal, average variable, and average total costs and eventually these costs will fall. The variable cost is included in the calculation of marginal and total costs. And the average variable cost is derived from total variable cost.

Variable Inputs:

The variable inputs are used in performing the production function. Variable means that can change easily, so, in production, variable inputs fluctuate according to the requirement. Variable inputs include labor, raw material, and other inputs.

Reason for incorrect answers:

Option a) is incorrect because the firm can estimate the per-unit cost after reducing input prices.

Option b) is incorrect because the average fixed does not include variable cost, so it will not fall if the variable cost gets reduced.

Option d) is incorrect because the marginal cost will change according to the change in total cost. And the total cost will fall if the variable cost falls.

Learn more about Marginal cost :

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8 0

2 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut,

Anettt [7]

Answer:

From year one to year two, there is (Deflation,Inflation) at an annual rate of _12.5____%. In year one, $40.00 will buy ____5____ baskets, and in year two, $40.00 will buy ___5.7 (6)____ baskets. This example illustrates that, as the price level falls, the value of money:_increases___

Explanation:

a) Data and Calculations:

The price of a basket of goods in year one = $8.00

The price of the same basket of goods in year two = $7.00

Difference in price (reduction in price) = $1 ($8 - $7)

Percentage reduction in price = $1/$8 * 100 = 12.5%

With $40/8, 5 baskets were bought

With $40/7, 5.7 baskets will be bought

b) Economists are always wary of prolonged deflation or continuous general falling prices of goods because it depicts an economy that is seriously weakening at its foundation. As a fallout, companies slow production, reduce output, lay off workers, and reduce salaries (earned income).

5 0

2 years ago

Josh is convinced that subgroups exist within his company's current customer base. Further, he believes that these different gro

kaheart [24]

Answer: Clustering

Explanation: In simple words, clustering refers to a form of communication in which a single person transmits the message to the sub groups and this cycle follows on. The individuals to which message is transmitted are not randomly selected.

In the given case, John wants to know the factors for which the potential customer wants to purchase his brand products. However due to higher population on target individual analysis is not feasible.

Thus, John should opt for Cluster by making subgroups for the flow of information.

3 0

3 years ago

Supplies on hand were $ 1 comma 000 at the start of the year. At the end of the year, it was determined that $ 450 of supplies

ziro4ka [17]

<u>Determination of adjusting entry for Supplies used:</u>

In the given case it is given those Supplies on hand were $ 1,000 at the start of the year. At the end of the year, it was determined that $ 450 of supplies had been used. It means the adjustment is needed to make for the amount of supplies used $450.

The adjusting entry for Supplies used shall be as follows:

Supplies Expense Debit $450

Supplies Credit $450

(Being adjustment made for Supplies used)

Hence the correct answer is:

b. Debit supplies expense, $ 450; credit supplies, $ 450

7 0

3 years ago

A person is faced with undertaking these four activities on Monday – watch a movie, visit a