Answer:
D) total costs to increase by more than double when output doubles.
Explanation:
Decreasing returns to scale refers to a situation where you can double your inputs but your total production output will be less than double. The output will increase in a smaller proportion than the inputs.
In this scenario, the more units you produce, the greater the cost per unit of production.
Answer: D, overall productivity in the industry decreases.
Explanation: a producer can gain less market share from a given price cut.
Increased in competition means there are more firms and this will not effect consumers decisions.
<u>Solution and Explanation:</u>
The following formulas will be used in order to calculate the accounts receivable turnover ratio and in order to find out the number of days collect.
Accounts receivable turnover ratio = Net sales divided by Average net Accounts receivable
= 7.77 times
<u>Days to collect</u> = 365 divided by Accounts receivable turnover ratio
= $365 divided by 7.77
= 47 days
<u>Note</u>: The number of days that has been assumed is 365 days
Answer: D - Enforce federal rules on member banks
Explanation:
Just took the test
Answer:
The $20 ticket to the match.
Explanation:
The sunk cost would be the $20 ticket to the match.