Business, 22.10.2020 19:01 sheilaaguilar2014

Determine if the statements and expressions regarding costs are true or false. True False Answer Bank

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Answer from: deedivinya

Question Completion:

ATC is rising when MC is below ATC. ATC = (FC + VC)/Q The ATC is increasing the MC is increasing. MC refers to the change in total cost associated with the production of another unit. The VC curve is modeled as a horizontal line. All costs are either fixed or variable. TC = FC + VC + MC The ATC is always greater than or equal to AVC. Average fixed cost is always higher than average variable cost. When fixed costs are positive, the average fixed cost curve is downward sloping. The ATC crosses the MC at the lowest point on the MC.

Determining if the statements and expressions regarding costs are true or false:

ATC is rising when MC is below ATC. FALSEATC = (FC + VC)/Q TRUEThe ATC is increasing the MC is increasing. FALSEMC refers to the change in total cost associated with the production of another unit. TRUEThe VC curve is modeled as a horizontal line. FALSEAll costs are either fixed or variable. TRUETC = FC + VC + MC FALSEThe ATC is always greater than or equal to AVC. TRUEAverage fixed cost is always higher than average variable cost. FALSEWhen fixed costs are positive, the average fixed cost curve is downward sloping. TRUEThe ATC crosses the MC at the lowest point on the MC. FALSE

Explanation:

The statements and expressions are marked "TRUE" or "FALSE" as required after each and bolded to make the answer clear.

Answer from: Quest

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

Answer from: Quest

the law, public safety, corrections, and security cluster prepares people for careers in planning, managing, and providing legal, public safety, protective services and homeland security, including professional and technical support services.

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Determine if the statements and expressions regarding costs are true or false. True False Answer Ban...

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