Answer:
b) The average cost must be rising.
Explanation:
Assuming that the entity produce 4 units and its total cost is $16 so average cost per unit is $4 and now the same entity has produced the 5th unit at $5 so the average cost now per unit is (16+5)/5=$4.2
So based on the above discussion, it can be concluded that average cost increase when the marginal cost of production is increased.
So the answer is b) The average cost must be rising.
Answer:
4,084
Explanation:
Calculation to determine the economic order quantity (EOQ) for Haulsee
Using this formula
Economic Order Quantity (EOQ) =((2* Annual Requirement * Cost per order)/Carrying cost per unit)^ (1/2)
Let plug in the formula
Economic Order Quantity (EOQ) = ((2*800,000*540)/(370*14%))^(1/2)
Economic Order Quantity (EOQ) = 4,084 units
Therefore the economic order quantity (EOQ) for Haulsee is 4,084 units
The answer is C because you can't misuse your powers in business
B. It is a state of actual emergeny.
Answer:
Income elasticity of demand for snarfblatts is 1.
Explanation:
the consumer spends 20% of the income on snarfblatts, thus the percentage change in consumption of the snaerblatts is equal to the percentage in income, that is:
Elasticity = % change in demand of snarfblatts/% change in income
= 1
Therefore, Income elasticity of demand for snarfblatts is 1.