Because Maya knows that the most important part of an e-mail message is the subject line, she should:

Choose the statement that is correct. A. The MC curve intersects the AFC, AVC, and ATC curves at their minimums. B. Initially

shepuryov [24]

Answer: C. The ATC curve eventually slopes upward because average variable cost eventually increases

Explanation:

The Law of Diminishing Marginal Returns causes the Average Total Cost curve to eventually slope upwards because the Average Variable Cost will increase.

Why?

At first, with production increasing, a firm will be very efficient at producing a certain good thereby driving the cost down per unit. As time goes on however, the law of Diminishing Marginal Returns comes into play as more is invested into the business. The cost per unit will therefore rise which will lead to the ATC curve going upwards.

I have included a simple graph to illustrate.

If you need any clarification do react or comment.

3 0

3 years ago

g Two countries produce bananas and sugar. In Country X each worker in a one-day period can produce either 15.4 pounds of banana

faltersainse [42]

Answer:

country X will export 27 pounds of Bananas for 4.21 pounds of sugars

Explanation:

For country X

1 labor period = 15.4 pounds of bananas

1 labor period = 2.4 pounds of sugar

next calculate opportunity costs

opportunity cost of 1 pound of Banana = 2.4 / 15.4 = 0.1558

opportunity cost of 1 pound of sugar = 15.4 / 2.4 = 6.4167

For country Y

1 labor period = 8.7 pounds of bananas

1 labor period = 3.1 pounds of sugar

opportunity cost of 1 pound of banana = 3.1 / 8.7 = 0.3563

opportunity cost of 1 pound of sugar = 8.7 / 3.1 = 2.8064

when the opportunity costs are compared

Country X has a lower opportunity cost for the production of banana while

Country Y has a lower opportunity cost for the production of sugar

Hence country X will export Banana

I pound of Banana will be exported for 0.1558 sugars

i.e. 27 pounds of Bananas will exchanged for ( 27 * 0.1558 ) sugars

27 pounds of Bananas = 4.21 pounds of sugars

7 0

3 years ago

The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six

joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at : 1.33

hence the largest standard deviation = upper limit - lower limit / 6 * 1.33

( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = $\sqrt{variance }$

std of the six-bar box = $\sqrt{6*0.86^2}$ = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

= (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk = (process mean - lower value ) / (3*std of box)

= ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

= 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

mean = 1.33 * 3 * 2.106 + 153

= 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0

3 years ago

Robin needs $25,000 to start a business. In her search for the best (low cost) loan, she has gathered the following information

RUDIKE [14]

Answer:

Bank A

Explanation:

To recommend from which bank Robin should borrow from, we need to calculate the interest which is the cost of borrowing from each of the banks.

Note:

Interest amount = Total amount to repay - Loan amount .................. (1)

Equation (1) is used as follows:

Bank A:

Interest = ($9,000 × 3) - $25,000 = $27,000 - $25,000 = $2,000

Interest/loan rate = ($2,000 ÷ $25,000) × 100 = 8%

Bank B:

Interest = ($7,000 × 4) - $25,000 = $28,000 - $25,000 = $3,000

Interest/loan rate = ($3,000 ÷ $25,000) × 100 = 12%

Bank C:

Interest = ($6,000 × 5) - $25,000 = $30,000 - $25,000 = $5,000

Interest/loan rate = ($5,000 ÷ $25,000) × 100 = 20%

Recommendation

Robin should borrow from Bank A since it offers the lowest loan rate of 8%.

7 0

3 years ago

Which of the following is a business that might need personal liability protection for its owner?

scoray [572]

Answer:

B: Doctors office

Explanation:

7 0

3 years ago

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