Evaluate marginal cost, Managerial Accounting

Assignment Help:

1. If the marginal cost of producing a good is increasing as a firm produces more of the good, then which of the following must be true?

a. AFC is rising               b. AVC is rising                c. MC > AVC                  d. MPL is falling

2. The equality of marginal cost and average variable cost occurs when

a. marginal cost is minimal                    c. average product of the variable input is minimal

b. average variable cost is minimal        d. none of the previous statements is correct

3. Suppose the short-run production function is Q=10L and the wage rate equals $10. Find the average variable cost.


Related Discussions:- Evaluate marginal cost

Activity based management, Activity Based Management (ABM) Also referre...

Activity Based Management (ABM) Also referred to as activity based cost management (ABCM). This is used to describe the cost management application of ABC. To implement A

Annual expected total relevant cost, A purchased product, sold in a retail ...

A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and

Budget, advantage and disadvantage of incremental budget

advantage and disadvantage of incremental budget

What are the advantages of break even charts, What are the Advantages or us...

What are the Advantages or uses of break even charts Computation of break even point or presentation of cost volume and profit relationship by way of break even charts has the

Linear programming, what areas can linear programming be applied in manager...

what areas can linear programming be applied in managerial accounting?

The break even point in dollorsales for rice company, the break even point ...

the break even point in dollorsales for rice company is48,000 and the company's contribution margin ratio is 40 percent. If Rice Company desires a profit of $84,000, how much wou

Sources of working capital, Sources of Working Capital Finance Working ...

Sources of Working Capital Finance Working capital finance may be classified in the subsequent: Spontaneous Source of Finance Finance that naturally arises in

Illustration of optimum cash balance, M/s Sunrise Industries estimates its ...

M/s Sunrise Industries estimates its net cash requirement at Rs. 20 million for the subsequent year. Opportunity cost fund is 15 percent per annum of the Companies. The company wil

Feedback control system, Feedback Control System Feedback is informatio...

Feedback Control System Feedback is information about actual achievements or actual results produced within the organization (e.g. management control reports) with the purpose

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd