ZK
Zybrea Knight
Answers (8)
ZK
Answered
Which of the following statements regarding a competitive firm is correct?
A) Because each firm faces a downward sloping demand, if a firm increases its level of output, the firm will have to charge a lower price to sell the additional output.
B) If a firm raises its price, the firm may be able to increase its total revenue even though it will sell fewer units.
C) By lowering its price below the market price, the firm will benefit from selling more units at the lower price than it could have sold by charging the market price.
D) For all firms, average revenue equals the price of the good.
A) Because each firm faces a downward sloping demand, if a firm increases its level of output, the firm will have to charge a lower price to sell the additional output.
B) If a firm raises its price, the firm may be able to increase its total revenue even though it will sell fewer units.
C) By lowering its price below the market price, the firm will benefit from selling more units at the lower price than it could have sold by charging the market price.
D) For all firms, average revenue equals the price of the good.
On Aug 03, 2024
D
ZK
Answered
(Figure and Table: Variable,Fixed,and Total Costs) Use Figure and Table: Variable,Fixed,and Total Costs.When 96 bushels of wheat is produced,the average fixed cost is _____,average variable cost is _____,and average total cost is _____.
A) $7.84;$11.76;$19.60
B) $133.33;$200.00;$333.33
C) $4.17;$16.67;$20.83
D) $5.33;$13.33;$18.67
A) $7.84;$11.76;$19.60
B) $133.33;$200.00;$333.33
C) $4.17;$16.67;$20.83
D) $5.33;$13.33;$18.67
On Aug 02, 2024
C
ZK
Answered
Which of the following statements is/are false?
i. Determining the cause of non-value-added activities requires cost driver analysis.
ii. Building activities into processes will quickly identify the causes of non-value-added activities.
iii. Identifying root cause cost drivers is sufficient to enable non-value-added activities to be eliminated.
A) i and ii
B) ii and iii
C) i and iii
D) All of the given answers
i. Determining the cause of non-value-added activities requires cost driver analysis.
ii. Building activities into processes will quickly identify the causes of non-value-added activities.
iii. Identifying root cause cost drivers is sufficient to enable non-value-added activities to be eliminated.
A) i and ii
B) ii and iii
C) i and iii
D) All of the given answers
On Jul 04, 2024
B
ZK
Answered
If a firm's inventory decreases,the gross domestic product (GDP)also decreases.
On Jul 02, 2024
True
ZK
Answered
List five communication benefits of videoconferencing.
On Jun 04, 2024
Answers will vary. Communication benefits of videoconferencing include the following:
a. Improving employee productivity by calling impromptu videoconferences to clear up issues
b. Involving more people in key decisions rather than limiting important discussions to those who are allowed to travel
c. Involving expertise critical to the mission, regardless of geographic boundaries
d. Creating a consistent corporate culture rather than depending on memos to describe company policy
e. Improving employees' quality of life by reducing travel time that often cuts into personal time
a. Improving employee productivity by calling impromptu videoconferences to clear up issues
b. Involving more people in key decisions rather than limiting important discussions to those who are allowed to travel
c. Involving expertise critical to the mission, regardless of geographic boundaries
d. Creating a consistent corporate culture rather than depending on memos to describe company policy
e. Improving employees' quality of life by reducing travel time that often cuts into personal time
ZK
Answered
The primary purpose of the Federal Open Market Committee (FOMC) is to:
A) set reserve requirements.
B) extend loans to member banks of the Fed.
C) buy and sell government securities.
D) distribute Federal Reserve notes.
E) enforce bank regulations.
A) set reserve requirements.
B) extend loans to member banks of the Fed.
C) buy and sell government securities.
D) distribute Federal Reserve notes.
E) enforce bank regulations.
On Jun 02, 2024
C
ZK
Answered
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A) $141.07 per DLH
B) $235.12 per DLH
C) $33.06 per DLH
D) $697.35 per DLH
A) $141.07 per DLH
B) $235.12 per DLH
C) $33.06 per DLH
D) $697.35 per DLH
On May 05, 2024
C
ZK
Answered
The creation of a whole greater than the sum of its parts is called teamwork.
On May 03, 2024
False