If the firm wanted to minimize the average total cost, would it choose to be very large or very small? explain.
a. very small because the average total cost of production rises with output.
b. very large because the marginal cost of production falls with output.
c. very small because the total cost of production rises with output.
d. very large because the average total cost of production falls with output.
e. very small because the average variable cost of production rises with output.
Answers: 1
Another question on Business
Business, 21.06.2019 14:10
What other aspects of ecuadorian culture, other than its predominant religion and language, might affect that country’s culture?
Answers: 1
Business, 22.06.2019 08:20
Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand
Answers: 3
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
Business, 22.06.2019 17:30
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
Answers: 2
You know the right answer?
If the firm wanted to minimize the average total cost, would it choose to be very large or very smal...
Questions
Computers and Technology, 15.07.2020 02:01
Computers and Technology, 15.07.2020 02:01
Computers and Technology, 15.07.2020 02:01
Social Studies, 15.07.2020 02:01
