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The law of diminishing marginal returns a. explains why the average total cost and marginal cost curves are uminusshaped in the short run. b. causes average total costs to rise at a decreasing rate as output increases. c.

Cooper Mills is a company that accomplished one of the greatest success stories of our time. The company, which began in the garage of its current CEO, Kyle Cooper, went on to become one of the largest producers of textiles in the country.

Charitable contributions of a firm that are tied directly to the customer revenues produced through the promotion of one of its products is known as

What has been mostly responsible for advancing from the agricultural age to the industrial age? A innovation B government C business D economic freedom

Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement? Select one: a. Achieving a specific set goal b. Reducing errors and defects c. Improving efficiency d. Improving profits

During discussions relating to the formation of kingfisher, seth mentions that he may be interested in either (1) just selling all of his inventory in the current year for its fair market value of $96,000 or (2) proceeding with his involvement in

What is a disadvantage of government bonds? a) they have a high intrest rate b) They are difficult to find c) They are relatively risk-free d) all of the above

The Sedgwick Company estimates sales of a new product at 5,000 units and $3.00 per unit. Management feels the sales quantity is accurate within a 10 percent plus-or-minus range while the sales price is accurate within a 5 percent plus-or-minus range.

The actual cost of direct labor per hour is $ 11.00 and the standard cost of direct labor per hour is $ 9.50. The direct labor hours allowed per finished unit is 0.25 hour.

A large oil company is studying the number of gallons of gasoline purchased per customer at self-service pumps. The mean number of gallons is 10.0, with a standard deviation of 3.0 gallons. The median is 10.75 gallons.