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.

Deep Water Marina has 12,000 shares of stock outstanding that were sold to the general public last year.

Eliminating the Drafty product line would eliminate $45,000 of direct fixed costs. The $78,000 of common fixed costs would be redistributed to Blowing Sand's remaining product lines.

John deposited $2,000, at the end of every month for 2 years in a savings account. if the account paid 6% interest, compounded monthly, use table 12-1 from your text to find the future value of his account.

If two cars get to a four - way stop intersection at the same time the car making a left turn should always be given the right of way

Kahn Company's static budget was based on sales volume of 12,000 units. Its flexible budget was based on sales volume of 14,000 units. Based on this information Multiple Choice the sales volume variance is expected to be unfavorable.

A $100 coat marked down from $150 can seem like a better deal than the same coat priced regularly at $100. this best illustrates the importance of

What is the difference between a business cycle and the day-to-day ups and downs of the stock market?

A DVD player that was originally priced at $399.95 and cost $215 is ultimately sold for $349.95. What were the reduction percentage and the maintained markup percentage on this DVD player?

To what phase of the employment cycle does training belong? ...

For a given product demand, the regression equation is 53 - 4x. The negative sign on the slope of the equation: A) is a mathematical impossibility. B) is an indication that the forecast is biased, with forecast values lower than actual values.