Acme Home Builders, Inc., has build 24 houses so far this year at a total cost to the company of $4.80 million. If the company builds a 25th house, its total cost will increase to $5.05 million. Which of the following statements is correct?
The marginal cost of the 25th house, if it is built, will equal $250,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Acme Home Builders, Inc., has build 24 houses so far this year at a total cost to the company of $4.80 million. If the company builds a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Frederick Taylor's contributions were in the field of: Question 42 options: a) scientific management. b) human resource management. c) human relations. d) total quality management. e) quantitative management.
Answers (1)
About three hours after he falls asleep, Bobby often sits up in bed screaming incoherently. Hismother tries to awaken him, but with no success. The next morning, he remembers nothing. Itappears that Bobby suffers from A. night terrors. B. narcolepsy.
Answers (1)
Entry for Cash Sales; Cash Over The actual cash received from cash sales was $10,644 and the amount indicated by the cash register total was $10,619. Journalize the entry to record the cash receipts and cash sales.
Answers (1)
Hiring employees from outside the host country is an option many companies take when the local labor market does not offer enough qualified people. True False
Answers (1)
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.
Answers (1)
New Questions in Business
Which education level has the highest return on investment (ROI)
Answers (1)
Assume that the money demand function is (M / P) d = 2,200 - 200r, where r is the interest rate in percent. If the price level is fixed at P=2, and the Fed wants to fix the interest rate at 7 percent, it should set the money supply at:
Answers (1)
On August 2, 2013, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account. 1. Prepare the journal entry assuming the note is honored by the customer on October 31, 2013.
Answers (1)
Are schools officials immune from being sued?
Answers (1)
Assume an asset cost $72,800 and has a current book value of $42,760. The asset is sold today for $32,900 cash. The firm's tax rate is 21 percent. As a result of this sale, the firm's net cash flow: 1. will increase by more than $32,900. 2.
Answers (1)