andrwisawesome0
26.05.2021 •
Business
Alpha made the following error and omission: (a) an AJE for a deferred revenue was recorded for $3,200 instead of the correct amount of $2,300 and (b) Alpha recorded the credit purchase of supplies for $800 instead of the correct amount of $600. What effect does all of this have on assets, liabilities, and net income
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Ответ:
Minimum efficient scale is 8 units.
Explanation:
Given that,
Cost function: C(q) = 64 +
Marginal cost function: MC = 2q
Average cost: AC =
=
=
The minimum efficient scale is at a point where MC = AC
2q =
Therefore, minimum efficient scale is 8 units.