Ray hires students at $90 a day to paint houses. he leases equipment that costs $70 a day. suppose that ray doubles the number of students he hires and doubles the amount of equipment that he leases. if ray experiences economies of scale, his long-run average cost curve a. slopes upward b. is horizontal c. slopes downward d. shifts upward e. shifts downward
Answers: 2
Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 1
Business, 22.06.2019 20:30
Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?
Answers: 1
Business, 22.06.2019 21:50
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
Business, 23.06.2019 06:00
If a society decides to produce consumer goods from its available resources, it is answering the economic question
Answers: 1
Ray hires students at $90 a day to paint houses. he leases equipment that costs $70 a day. suppose t...
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