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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.
MAKE OR BUY DECISIONS (NO LIMITING FACTORS) The choice between making and buying a given component is one which is likely to face all businesses at some time. It is often one
Ageing Schedule: AS is classifies outstanding accounts receivable at a specified point of time into various age brackets. A clarifying ageing schedule is specified below.
STANDARD COSTING AND BUDGETARY CONTROL In practice, the terms standard cost and budgeted cost might be used interchangeably. Whereas it is possible to have budgeting without s
Queuing problems There are two main approaches to queuing problems: • simulation • queuing theory formula Where simple situations apply, queuing theory should be used
discuss the applicability of an operating cycle in vegetable growing in a low developed country like Uganda- Africa
i want to get the answer for exercises 2.1 and 2.2 on strategic and tactical decisions
State (or select) the dependent variable (Y) Will the CER be employed to estimate price, labor hours, cost, material cost, or some other measure of cost? Will the CER be employ
Disadvantages of Simulation 1) Although all models are simplification of reality, they may still be complex and require a substantial amount of managerial and technical time.
Accounting Profit is a company's sum total earnings, computed according to Generally Accepted Accounting Principles (GAAP), and involves the explicit costs of operating business, l
Advantages and limitations of game theory Advantage: Game theory helps us to learn how to approach and understand a conflict situation and to improve the decision maki
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