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What is the lowest point on average total cost?
The lowest number. An average would be somewhere around the middle.
The long run average total cost curve?
The long run average total cost curve is the lowest average total cost for producing each level of output. It depicts the per unit cost of producing a good or service in the long run when all inputs are variable.
Does marginal cost curve always intersect the average cost curve at the average cost curve's lowest point?
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.?
law of comparative advantage(Kaylop)
What is a traditional costing system?
a costing system that does not divide cost by function or allocation or een by each part of the manufacturing process. it takes a total cost and divides it by each part of the process. so essentially each part of the manufacturing process is assigned an equal estimated cost.
Total cost ownership different from procurement under the lowest purchasing price?
what is the differnce between total cost ownership and procurement under the lowest purchasing price philosophy?
What is the lowest point on average total cost?
The lowest number. An average would be somewhere around the middle.
What is the relationship between marginal cost and average cost curves?
Margianal cost curve crosses the average total cost curve at the lowest point on the average total cost curve to be socially and ecomonical efficient.
What is the total cost or lowest sale price of 99and 5 percent sales tax?
The total tax is $4.95 and the total price with tax is $103.95.
How do you calculate total manufacturing costs at the end of the period if beginning goods in process is 5000 ending goods in process is 15000 and cost of goods manufactured is 170000?
Total Manufacturing Cost = Cost of good manufactured + Closing Balance - Opening Total Manufacturing Cost = 170000 + 15000 - 5000 Total Manufacturing Cost = 180000
What is a Process cost worksheet?
The Process Cost Sheet also called Cost of Production Report is the basic document in process costing. This document is prepared for each department and shows the quantities processed, total and unit cost, and cost of work transferred out, and still in process.
The long run average total cost curve?
The long run average total cost curve is the lowest average total cost for producing each level of output. It depicts the per unit cost of producing a good or service in the long run when all inputs are variable.
what is the lowest cost for one day dentured?
“What is the lowest cost for one day dentures”
What is the lowest cost for a virgin mobile prepaid calling card?
The lowest cost is $10.
Does marginal cost curve always intersect the average cost curve at the average cost curve's lowest point?
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
How do you use the high-low method in estimating cost function with machine hours as the cost driver you have data machine hours kilowatt hours and total overhead costs for january-june.?
To use the high-low method, you would first identify the highest and lowest level of machine hours and their corresponding total overhead costs from January to June. Then, calculate the variable cost per machine hour by subtracting the total overhead cost at the lowest level from that at the highest level, and dividing by the difference in machine hours between the two levels. Finally, use this variable cost per machine hour to estimate total overhead costs at any level of machine hours by multiplying it with the number of machine hours used.
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