Answer:
b)AC(q)=3/4
Explanation:
Since Marginal product of labor (MPL) =2
And Marginal product of capital (MPK) =4
The price of labor i.e w=2
And, the price of capital i.e R=3
That determines
MPL ÷ W< MPK ÷ R.
Therefore producer will only use capital and k should be Q ÷ 4 and cost will RK i.e. RQ ÷ 4 =3Q ÷4
Hence, average cost is
=TC ÷Q
=3/4.
Here, Q = quantity and TC = total cost
Answer:
False
Explanation:
When the taxpayer has purchased several lots of stock on different dates at different prices and cannot identify the lot of stock that is being sold. In such a situation the stocks are not identifiable, therefore, both the LIFO and FIFO methods of inventory valuation cannot be used. This is because both of these methods require identification of purchased lots of stocks to determine from which lots the goods are sold first. In such a situation only the Weighted average method (AVCO) can be used because it does not require identification of the stock lot from which the goods are sold.
Answer:
A. credit card
Explanation:
A credit card is a card issued by a bank to its customer which allows the credit card holder to borrow money from the bank.
A maximum amount that can be borrowed through the credit card is known as the credit limit of the card.
The bank provided certain interest free period to the credit card holder to return the amount borrowed and charges an interest on the amount due.
Answer:
Economies of scale.
Explanation:
In this scenario, the cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The chief financial officer (CFO) of the company, Neha Patel, has determined that if the company expands the output of its biggest U.S. plant by 20 percent, the unit cost would be only $82.50. The concept that as plant output expands, unit costs decrease, is known as economies of scale.
Economies of scale in microeconomics can be defined as cost reductions or cost advantages that arises when a business entity increases its level of production or are large in size.
This ultimately implies that, when a company chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.
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