The marginal cost curve crosses the *

1 point

a. average total cost curve at the maximum of the average total cost curve.

b. average variable cost curve at the minimum of the average variable cost curve.

c. total cost curve at the minimum of the total cost curve.

d. average fixed cost curve at the minimum of the average fixed cost curve.

The average variable cost curve and average total cost curve tend to converge as output rises because *

1 point

a. the marginal cost curve intersects the average total cost curve at its minimum.

b. the average fixed costs are constant as output rises.

c. the difference between them (average fixed cost) declines.

d. output is rising more rapidly than inputs are being increased.

Monopoly and pure competition *

1 point

a. are alike in that entry is easy in both.

b. are alike in that entry is blocked in both.

c. differ in terms of the number of firms in the industry.

d. differ in that monopoly is associated with a standardized product and perfect competition associated with differentiated products.

With respect to entry and exit, monopolistic competition is *

1 point

a.characterized by free entry and blocked exit.

b. like pure competition in that entry and exit are free.

c. characterized by easy (though not free) entry and exit.

d. like pure monopoly in that entry is blocked.

An oligopoly is characterized by *

1 point

a. free entry and blocked exit.

b. few number of firms and blocked entry.

c. firms that sell homogeneous product but differentiated.

d. firms selling identical products but differentiated.

Suppose that the market for computers is dominated by a single firm, like IBM, that is able to exert influence over prices and output. This situation violates the perfect competition assumption of *

1 point

a. many buyers and sellers.

b. identical or homogeneous goods.

c. ease of entry and exit.

d. no differentiation.

QUESTION 5

1. Should the opportunity cost be included in the determination of total cost of health care interventions?
2. Discuss how the result of cost-effectiveness analysis can be reported and interpreted to inform the choice between more than two mutually exclusive alternative interventions.
3. How can uncertainty in the cost-effectiveness of a health technology be characterised and reported

Note: The question is complete

The total cost of two calculators and four math sets is R440.00, If a calulator cost R40 more than a math set, what is the cost of each?

I understand that it is smart to isolate relevant cost sometimes instead of total cost, but how do you know when it is more efficient to isolate relevant cost sometimes?

6) How does opportunity cost specifically apply to the following situations:

a. A piece of land that is to be devoted to a national park.

b. An abandoned railroad that is given to a community for constructing a bike path

c. The costs of diverting water from a river to irrigate nearby farmland

d. The costs of clear-cutting timberland.

e. A piece of land that is to be converted from farmland to a Scheel’s sporting goods super store.

The restaurant at the Hotel Galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal price of $45. The a la carte option has a budgeted average price of $34 for a meal. The restaurant manager expects that 40 percent of its diners will order the buffet option. The buffet option has a budgeted variable cost of $25 and the a la carte option averages $18 per meal in budgeted variable cost. The manager estimates that 2,000 people will order a meal in any month.

For July, the restaurant served a total of 1,800 meals, including 600 buffet options. Total revenues were $27,600 for buffet meals and $42,000 for the a la carte meals.

Required:

a. Compute the activity variance for the restaurant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

b. Compute the mix and quantity variances for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

The opera theater manager calculates that 11% of the opera tickets for tonight's show have been sold. If the manager is correct, what is the probability that the proportion of tickets sold in a sample of 703 tickets would be less than 13%? Round your answer to four decimal places.

Explain how a revenue journal might to modified for the following specific business(choose 1). Discuss the process of posting from revenue journal to general ledger.

- Dunbar Auto Repair Business

- Dunbar Movie Theater.

- Mifflin Hut Snack Bar, Restaurant, and Lounge.

The opera theater manager believes that 11% of the opera tickets for tonight's show have been sold.

If the manager is right, what is the probability that the proportion of tickets sold in a sample of 792 tickets would be greater than 14%? Round your answer to four decimal places.

Address how your hotel/resort will impact the surrounding community in the areas of energy and water use as well as waste-trash and sewerage. The project will identify how the property, its’ activities and guests will impact the surrounding environment, depending on the nature of your recreational activities. This hotel is located in Islamorada, FL (Florida keys)