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Flura [38]
2 years ago
8

Marginal cost increases as the quantity of output increases. This reflects the property o

Business
1 answer:
sleet_krkn [62]2 years ago
7 0

The property of marginal cost increasing as the quantity of output increases is known as diminishing marginal product.

<h3>What is diminishing marginal product?</h3>

Diminishing marginal product states that says as more units of a variable input of production is added to a fixed factor of production, output might increase initially but after a point total output would increase at a decreasing rate and marginal product would begin to decrease.

To learn more about diminishing marginal product, please check: brainly.com/question/10511919

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On December 1, 2021, Carlos entered into a lease on a building for use in his business for $1,000 per month. Under the lease ter
kipiarov [429]

The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is <u>c.$1,000.</u>

<h3>Rent in 2021</h3>

When recording rent, you can only record it for the period that the financial statement is for.

The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.

The rent will therefore be a rental amount for a month:

= Rental amount / Number of months

= $18,000 / 18

= $1,000

In conclusion, option C is correct.

Find out more on prepaid rent at brainly.com/question/1079277.

5 0
2 years ago
Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price
Roman55 [17]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standard quantity= 7.8 grams per unit of output

Standard price= $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

To calculate the material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable.

It is unfavorable because the actual price was higher than estimated.

4 0
2 years ago
Which of the following statements is not correct?
Korvikt [17]

Answer:

B) To maximize profit, firms should produce at a level of output where price equals average variable cost

Explanation:

Firms maximize their profit by equating Marginal revenue with The Marginal cost. So, since for perfectly competitive firms, the price equals the Marginal revenue, for these firms profit is maximized by equating Price with Marginal cost not the  average variable cost.

8 0
3 years ago
A company paid $0.76 in cash dividends per share. its earnings per share is $4.48 and its market price per share is $26.50. its
Lelechka [254]

The dividend yield of a company that paid $0.76 in cash dividends per share is equal to 2.87%.

<u>Given the following data:</u>

  • Cash dividend = $0.76.
  • Earnings per share, EPS = $4.48.
  • Market price per share = $26.50.

<h3>What is EPS?</h3>

EPS is an acronym for earnings per share and it can be defined as the portion of a business firm's profit that is allocated per outstanding share of common stock of the business firm, so as to serve as a profitability indicator.

In Business management, the dividend yield of a business firm can be calculated by using this formula:

Dividend yield = Cash dividends/Market price per share × 100

Dividend yield = $0.76/$26.50 × 100

Dividend yield = 0.0287 × 100

Dividend yield = 2.87%.

Read more on dividend yield here: brainly.com/question/24215377

#SPJ4

4 0
1 year ago
Camille is becoming extremely fearful of becoming ill as she ages, and constantly makes preparations for the help that she think
Margaret [11]
According to the American psychologist who specialized in adult development, Camille may be experiencing the turmoil of becoming ill. It is when a person ages, especially at around 50 years old that a person becomes aware that people their age die regularly. As such, they develop the fear of becoming ill. 
8 0
3 years ago
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