Marginal cost

a. is the increase in total cost resulting from production of one additional unit of output.

b. is the cost of the marginal unit of output.

c. All of the above are correct.

d. and the average cost curve are U-shaped.

In this type of layout, machines and equipment, materials and people are brought next to the product as they are needed. What type of layout is it? Multiple Choice process. batch. mass. fixed-position.

Gold examiner receives $147,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date.

Contributions to a Coverdell Education Savings Account must cease when the beneficiary reaches the age of: A 16 B 18 C 21 D 30

Which of these statements about a business plan is true? A. Businesses do not need to document a business plan. B. Established businesses do not create a business plan. C. A business plan is a business's roadmap for the future. D.

Tax a tax adjustment must be made in determining the cost of

When Japan exports goods to the United States, which Country shows a balance of payments credit

Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.

g If government spending rises at the same time it reduces tax rates, then:Group of answer choicesbusiness investment will likely fall. crowding out will never occur. interest rates will never rise. business investment will likely rise.

Wages of $8,000 are earned by workers but not paid as of december 31, 2017. depreciation on the company's equipment for 2017 is $18,000. the office supplies account had a $240 debit balance on december 31, 2016.

You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.