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3 years ago

marginal cost _ over the range of increasing marginal returns and _ over the range of diminishing marginal returns.

Business

2 answers:

Crank3 years ago

7 0

Marginal cost money
and turns over

Aliun [14]3 years ago

6 0

Answer:

1 money

2 over

Explanation:

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In order to continue operating, in the long-run a firm must a. Charge a price equal to its AVC b. Charge a price equal to its

Marina CMI [18]

Answer:

The answer is option A)

In order to continue operating, in the long-run a firm must A) Charge a price equal to its AVC

Explanation:

In order to continue operating, in the long-run a firm must charge a price equal to its Average Variable cost AVC.

This is because, a long run is a period of time in which all factors of production and costs are variable.

Over the long run, a firm will search for the production technology that allows it to produce the desired level of output at the lowest cost. If a company is not producing at its lowest cost possible, it may lose market share to competitors that are able to produce and sell at minimum cost.

7 0

3 years ago

Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou

kotykmax [81]

Answer:

1. Overhead rate = Overhead costs / Direct material costs

Overhead rate = $684,000 / $1,900,000

Overhead rate = 0.36

Overhead rate = 36%

2. How much direct labor cost and overhead cost are assigned to this job?

Total cost of job in process $71,000

Less: Overhead applied $7,920

($22,000 * 36%)

Less: Material cost of job in process $22,000

Direct labor cost $41,080

Hence, direct labor cost is $41,080 and Overhead cost is $7,920

8 0

3 years ago

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.

nasty-shy [4]

Answer:

$3,340

Explanation:

Step 1 : Determine the Depreciation rate

Depreciation rate = Cost - Salvage Value ÷ Estimated Units

Depreciation rate = $0.10

Step 2 : Depreciation Expense

Depreciation Expense = Depreciation rate x units produced

Depreciation Expense = $3,340

Therefore,

the machine's second-year depreciation using the units-of-production method is $3,340

4 0

3 years ago

In 1919, henry ford was sued because:

Lostsunrise [7]

The appropriate response is A. Henry Ford also then sued the Chicago Tribune for criticizing the grounds that it called him an uninformed revolutionary. In court, the guard lawyer has chosen to show Ford's obliviousness and absence of patriotism by posting essential American history inquiries. The vehicle head honcho reliably missed these inquiries, and court transcripts of his nonsense wound up plainly well known perusing at the time.

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3 years ago

Which best states the main difference between a monopoly and pure competition?

Brut [27]

When you have a monopoly you have a product or service on the market with no competition. On the flip side, in a pure or perfect competition there are various competitors selling the same product or service as you. The main difference between these two are that a monopoly involves no competition at all while a pure competition involves a high level of competition. (the first choice)

The second choice is incorrect because it is harder to establish a product in a pure competition market because you are competing with other companies.

The third choice is incorrect because a monopoly refers to a company with a product or service and no competition whereas a pure competition refers to one with the same products or services.

The forth choice is incorrect because they can be present in various economy structures.

3 0

3 years ago

Read 2 more answers

marginal cost _____ over the range of increasing marginal returns and _____ over the range of diminishing marginal returns.

marginal cost _ over the range of increasing marginal returns and _ over the range of diminishing marginal returns.