Kaile Cakes produces 10 cakes per day.The marginal cost of the tenth cake is $24,and average total cost of 10 cakes is $6.The average total cost of 9 cakes is:

A) $4.
B) $5.
C) $6.
D) $8.

A competitive firm is producing 500 units of output and its efficient scale is 400 units of output. Can the market in which this firm operates be in a long-run equilibrium? Briefly explain.

Marcial Company's average sale period (turnover in days) for 20X6 was closest to:

A) 35.2 days.
B) 43.2 days.
C) 30.2 days.
D) 24.6 days.

Which statement is the most accurate?

A) Most welfare mothers have had child after child to get larger welfare payments.
B) Most welfare families have three or more children.
C) There are many theories of poverty,but none provides more than a partial explanation.
D) The conservatives and liberals are in basic agreement about the causes of poverty.

The most common approach to implementing the lower of cost or market rule for inventory valuation is to apply it

A) separately to each item of inventory
B) to each major category of inventory
C) to the total inventory
D) in a combination of these methods

Identify the balance sheet classification of each of the following assets by placing an X in the correct classification: Plant Assets,Natural Resources,or Intangibles.