An iou that guarantees payment of a specific sum at maturity as well as regular fixed payments up to that time, is called a corporate date.
In a corporate bond, the issuer is required to repay the lender with the principal and interest at maturity (a predetermined future date). It essentially refers to the debts that a business issues. In order to raise money, to bondholders. As a result, creditors and investors who hold bonds do not own any part of the firm and are not eligible to receive dividend payments from the issuer of corporate bonds.
A bond is a form of IOU because it is one of them them.bond is essentially a security in which the bond issuer guarantees to pay the bondholder the whole bond value at maturity as well as interest payments (coupons), which may be made for me periodically or all at once. Bonds with a rating of "safe" are regarded to be investment grade and agencies like Standard and Poors or Moody's assign this rating.
To know more about corporate date visit:
https://brainly.com/question/17238029
#SPJ4
What are some examples of other risky types of credit?
Here are some examples of other types of risky credit:
Subprime MortgagesPayday Loans: What are types of risky credit?Subprime Mortgages: Subprime mortgages are home loans offered to borrowers with poor credit or limited credit history. These loans typically come with higher interest rates and fees, making them riskier for borrowers who may struggle to make their payments.
Payday Loans: Payday loans are short-term loans that are typically due on the borrower's next payday. They often come with extremely high interest rates and fees, and borrowers can easily become trapped in a cycle of debt if they cannot repay the loan on time.
Credit Card Cash Advances: Credit card cash advances allow borrowers to withdraw cash from their credit card account, but they typically come with very high interest rates and fees. Borrowers who use credit card cash advances to make ends meet can quickly accumulate a significant amount of debt.
Title Loans: Title loans are short-term loans that are secured by the borrower's car. These loans often come with high interest rates and fees, and borrowers who cannot repay the loan can lose their car.
Peer-to-Peer Loans: Peer-to-peer loans are loans that are funded by individual investors rather than traditional lenders. While these loans can offer lower interest rates than other types of credit, they are often riskier for investors, who may not receive their money back if the borrower defaults on the loan.
Learn more about credit at:
https://brainly.com/question/6872962
#SPJ1
If a firm experiences constant returns to scale at all output levels, then its long-run average total cost curve would:.
A company's long-run average total cost curve would be a horizontal line if it experiences constant returns to scale across all output levels. Here option C is the correct answer.
If a firm experiences constant returns to scale at all output levels, it means that the firm can increase its production by the same percentage as its inputs, while maintaining the same average cost per unit of output. In other words, the firm's long-run average total cost (LRATC) curve would not change as the firm expands or contracts its output level.
The LRATC curve represents the minimum average cost of producing each level of output in the long run, given the available production technology and input prices. If the LRATC curve is downward sloping, it implies that the firm experiences economies of scale as it expands its output, meaning that the average cost per unit of output decreases with the increase in production.
Conversely, if the LRATC curve is upward-sloping, it implies that the firm experiences diseconomies of scale as it expands its output, meaning that the average cost per unit of output increases with the increase in production.
To learn more about the cost curve
https://brainly.com/question/31781083
#SPJ4
Complete question:
If a firm experiences constant returns to scale at all output levels, then its long-run average total cost curve would:
A) The LRATC curve would be downward-sloping.
B) The LRATC curve would be upward-sloping.
C) The LRATC curve would be a horizontal line.
D) The LRATC curve would be a vertical line.
Behavioral Economics
It is often observed that when house prices are falling, houses remain on the market longer than when prices are rising.
Require about 100 words
In behavioral economics, it is often observed that when house prices are falling, houses tend to stay on the market for a longer period of time compared to when prices are rising.
This phenomenon can be explained by several behavioral biases and factors that influence buyers and sellers in the housing market. When house prices are falling, potential buyers may adopt a wait-and-see approach, expecting prices to decline further. This behavior is influenced by the prospect theory and the endowment effect. Prospect theory suggests that individuals are more averse to losses than they are motivated by equivalent gains. When house prices are falling, potential buyers may perceive the situation as a potential loss if they were to purchase a house at the current price, only for its value to decrease further. This loss aversion leads to a reluctance to make buying decisions, resulting in houses staying on the market for a longer duration.
The endowment effect also plays a role in this context. When individuals own an asset, such as a house, they tend to attach a higher value to it compared to its objective market value. When prices are falling, sellers may be reluctant to lower their asking prices to match market conditions due to the perceived loss associated with selling below their perceived value. This further contributes to longer market durations. Overall, behavioral biases such as loss aversion and the endowment effect influence buyer and seller behavior in the housing market, resulting in houses staying on the market for a longer period when prices are falling.
Learn more about behavioral economics from here:
https://brainly.com/question/7138202
#SPJ11
3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
1. Define the Clinical Diagnostic Model with and Example.
2. How Might you Use this Model as an Administrative Problem-Solving Approach.
3. How Can this Approach be Used to Define a Business Research Problem?
4. In your Opinion, How Far Might this Model be Extended to Larger Situations?
1) The Clinical Diagnostic Model is a framework used to identify and evaluate potential diagnoses based on symptoms and evidence.
2) The model can be used as an administrative problem-solving approach by applying systematic analysis and decision-making to address organizational challenges.
3) The approach can be used to define a business research problem by utilizing a structured process to identify research objectives and gather relevant data.
4) The extent to which this model can be extended to larger situations depends on the complexity and scope of the problem, but it can serve as a valuable framework for systematic analysis and decision-making.
The Clinical Diagnostic Model is a well-established framework used in the medical field to identify and evaluate potential diagnoses based on symptoms and evidence. It involves gathering information, conducting tests, and analyzing data to arrive at a comprehensive understanding of the patient's condition. This model can be applied as an administrative problem-solving approach by adopting a similar systematic analysis and decision-making process to address organizational challenges. By collecting relevant data, identifying the root causes of issues, and evaluating potential solutions, administrators can make informed decisions and take appropriate actions to resolve problems within the organization.
Furthermore, the Clinical Diagnostic Model can be used to define a business research problem by providing a structured approach to identify research objectives and gather relevant data. Businesses often face complex challenges that require systematic analysis and evidence-based decision-making. By applying the principles of the Clinical Diagnostic Model, researchers can identify the symptoms or issues at hand, collect and analyze relevant data, and draw conclusions to address the research problem effectively.
The extent to which this model can be extended to larger situations depends on the complexity and scope of the problem. While the Clinical Diagnostic Model is primarily used in the medical field, its principles of systematic analysis and evidence-based decision-making can be applied to various domains. However, it's important to consider the specific context and adapt the model accordingly to suit the needs of larger situations.
Learn more about the Diagnostic Model
brainly.com/question/28329362
#SPJ11
Which of the following is not correct with respect to the debt to assets ratio? Multiple Choice A. Cyclical companies (those whose sales fluctuate widely due to changing economic conditions) generally have a higher debt to assets ratio. B. Cyclical companies (those whose sales fluctuate widely due to changing economic conditions) generally have a smaller debt to assets ratio. C. A high debt ratio increases long-term solvency risk. D. The percentage of long-term debt to assets would be higher for a utility company than for a retailer.
The debt-to-assets ratio is used to assess a company's financial stability. The formula is Total Liabilities/Total Assets. This ratio can be used to calculate a company's ability to pay off its debts by examining its financial statements.
If a company's debt-to-assets ratio is too high, it means that they may not be able to pay off their debts in the long run, and as a result, they may be less solvent than companies with a lower debt-to-assets ratio.
Cyclical companies usually have a higher debt-to-assets ratio because their earnings fluctuate greatly as a result of the economy.
So, the statement "Cyclical companies (those whose sales fluctuate widely due to changing economic conditions) generally have a higher debt-to-assets ratio" is correct (Option A).
Option B, "Cyclical companies (those whose sales fluctuate widely due to changing economic conditions) generally have a smaller debt-to-assets ratio," is incorrect since the correct statement is the opposite of this.
Option C, "A high debt ratio increases long-term solvency risk," is correct since a high debt ratio raises the risk that a company may default on its debts, making it less solvent in the long run. The higher the debt-to-assets ratio, the higher the probability that the company will not be able to pay off its debts. It might lead to a downgrade in the company's credit rating, which might result in a higher interest rate for future borrowings.
Option D, "The percentage of long-term debt to assets would be higher for a utility company than for a retailer," is correct since utility companies usually have higher capital expenditures than retailers, hence they might need to borrow more to finance their operations.
For more such questions on financial stability
https://brainly.com/question/11465666
#SPJ8
andy plays the violin well ........ the trumpet is his favorite instrument
Janice, a nurse at a hospital, is preparing a presentation for trainee nurses about guidelines for patient care. What is the purpose of her
presentation?
A. to persuade
B. to instruct
C. to entertain
D. to debate
Answer:
B
Explanation:
To teach and acknowledge the guidelines for trainee nurses to help patients in an effective way
Individuals are said to be collaborating when:_________.A) they have reciprocal faith in others' intentions and behaviors.B) they have a sense of togetherness and unity.C) they have ceased to be competitive with one another and prefer harmony.D) their motivation comes from a desire to please a supervisor or the seeking of a tangible reward.E) they are sharing information and coordinating efforts to achieve a collective outcome.
Answer:
Correct Answer:
E) they are sharing information and coordinating efforts to achieve a collective outcome.
Explanation:
In any given sector, there are limited opportunities available hence the need why there is competition in-order to maximize and gain more. This competition drives most individual to work alone. In a situation where there is no competition, the individuals works together through sharing of information and coordination in order to achieve a common result. This collective action is called Collaboration.
have led to drastic changes in the ability to gather, analyze, and access
data for research.
O A. Global trends
B. Changing consumer attitudes and behaviors
C. Privacy laws
O D. Advances in technology
Answer:
d
Explanation:
imma abjd kb jdkdidgiwkwwuwi
Advances in technology have led to drastic changes in the ability to gather, analyze, and access data for research. Thus the correct option is D.
What is research?Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.
By adjusting their tactics and actions, today's culture is benefiting from the quick development of digital technologies. Generating creative ideas, it aids in the rapid resolution of problems.
Since information technology radically alters the connection between people and knowledge, businesses and governments are reshaping it in order to increase productivity, increase performance, and reduce operation.
Therefore, option D is appropriate.
Learn more about research, here:
https://brainly.com/question/18723483
#SPJ5
What are self-service BI tools?
Business intelligence tools that do not require any particular BLANK
expertise are called self-service tools.
Answer:
Technical
Explanation:
100% on test
Rhonda is facing a complex situation and needs help figuring out what to do. Imagine that she hires you to help her tackle this challenge and make the right decision. You will use the steps of a rational decision-making process to explore, evaluate, and ultimately offer Rhonda your professional opinion on how she should handle the situation.
The steps of the rational model of decision making in the correct order includes as follows:
Identify the problem or opportunityThink of alternative solutionsEvaluate alternatives and select a solutionImplement and evaluate the solution chosen.What is the rational model of decision making?Basically, the decision making refers to the process of making choices by identifying a decision, gathering information and assessing alternative resolutions, the use of the process can help to make more deliberate and thoughtful decisions by organizing relevant information and defining alternative.
Going forward, the rational model of decision making involves an individuals using facts and information, analysis and a step-by-step procedure to come to a decision. This rational model is more advanced type of decision-making model.
Read more about decision making
brainly.com/question/1249089
#SPJ1
Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
Answer:
$197,263.7
Explanation:
The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,
the interest rate will be -6%
The formula for compound interest is FV = PV × (1+r)^n
in this case
FV= current value
PV= $237,500
r= -6% or -0.06%
n= 3 years
Fv= $237, 500 x ( 1 + (-0.06)^3
Fv=$237,500 x (0.94)^3
Fv= $237,500 x 0.830584
Fv= $197,263.7
The current value =$197,263.7
Cash payments a business makes to stockholders are called
.
Answer:
Cash dividends are often paid on a regular basis, such as monthly or quarterly, but are sometimes one-time-only payouts, such as after a settlement. Most brokers offer a choice to accept or reinvest cash dividends. Dividend-paying companies are typically established, with stable cash flow, and beyond the growth stage.
Explanation:
give me a brainliest
Transaction Information 1. Based on the information provided above, which responses would be true? a. The total fixed expenses =$59,800 b. The break-even point in sales dollars is $323,750 c. The total sales =S358,800 d. The total contribution margin =$239,200 e. None of these are true.
Based on the transaction information provided, let's evaluate each statement: The total fixed expenses = $59,800: To determine the total fixed expenses, we need additional information. Fixed expenses are costs that do not change with the level of sales.
The break-even point in sales dollars is $323,750: The break-even point is the level of sales at which the total revenue equals the total expenses, resulting in zero profit. To calculate the break-even point, we divide the total fixed expenses by the contribution margin ratio. The total sales = $358,800: To calculate the total sales, we need additional information. Total sales can be calculated by multiplying the number of units sold by the selling price per unit. The total contribution margin = $239,200: The contribution margin is the difference between total sales revenue and variable expenses. To calculate the contribution margin, we subtract the total variable expenses from the total sales revenue.
None of these are true: It is possible that none of the statements provided are true based on the given information.
Without additional information, it is difficult to determine the accuracy of the statements. To evaluate the accuracy of each statement, we need to know the selling price per unit, the variable expenses per unit, and the number of units sold. With this information, we can calculate the total sales, the total contribution margin, the total fixed expenses, and the break-even point in sales dollars. Based on the information provided, it is not possible to determine the accuracy of the statements without additional information. To calculate the total fixed expenses, break-even point in sales dollars, total sales, and total contribution margin, we need more details such as the selling price per unit, variable expenses per unit, and the number of units sold. These additional data points are necessary to perform the calculations and determine the accuracy of the statements. Without this information, we cannot conclusively say which statements are true or false.
The accuracy of the statements cannot be determined without more information. To evaluate the truthfulness of the statements, we need to know the selling price per unit, variable expenses per unit, and the number of units sold. Only then can we calculate the total fixed expenses, break-even point in sales dollars, total sales, and total contribution margin accurately.
To learn more about total fixed expenses visit:
brainly.com/question/31511970
#SPJ11
Statement (a) is true, which states that the total fixed expenses are $59,800.
Based on the information provided above:
a. The total fixed expenses = $59,800 (True, as it is explicitly stated in the transaction information that the fixed expenses are $59,800.)
b. The break-even point in sales dollars is $323,750 (False, as the break-even point is not given in the provided information.)
c. The total sales = $358,800 (False, as the total sales are not given in the provided information.)
d. The total contribution margin = $239,200 (False, as the total contribution margin is not given in the provided information.)
e. None of these are true. (False, since statement (a) is true.)
To know more about expenses,
https://brainly.com/question/32763474
#SPJ11
what is the possible relative price range for terms of trade? specifically, how many pounds of tomatoes could you exchange for one pound of carrots?
The terms of trade refer to the ratio at which two countries or regions exchange goods or services with each other.
The relative price range for the terms of trade between two specific products, such as pounds of tomatoes and pounds of carrots, will depend on several factors, such as supply and demand, production costs, and market conditions. Without more specific information, it is difficult to provide a precise answer to how many pounds of tomatoes could be countries exchanged for one pound of carrots. However, in general, the relative price of tomatoes and carrots can fluctuate depending on the season, location, and other market factors. In some situations, the relative price of tomatoes may be higher than carrots, meaning that it would take more pounds of tomatoes to exchange for one pound of carrots.
learn more about exchange goods here
https://brainly.com/question/14283220
#SPJ4
Which phrase best describes a certificate of deposit?
Answer:
An account in which money must stay deposited for a certain amount of time.
which measures are used to estimate market demand based on economic data?
There are several measures that can be used to estimate market demand based on economic data. These include Price elasticity of demand, Income elasticity of demand, Cross elasticity of demand, Market research, Sales Data, and Consumer spending data.
1. Price elasticity of demand: This measures the responsiveness of quantity demanded to changes in price.
2. Income elasticity of demand: This measures the responsiveness of quantity demanded to changes in income.
3. Cross elasticity of demand: This measures the responsiveness of the quantity demanded of one product to changes in the price of another product.
4. Market research: This involves collecting data from consumers through surveys, focus groups, and other methods to estimate demand for a product.
5. Sales data: This involves analyzing historical sales data to identify trends and patterns in demand.
6. Consumer spending data: This involves analyzing data on consumer spending patterns to estimate demand for certain products or services.
Read more about Market demand at https://brainly.com/question/27325431
#SPJ11
PLEASE
what is lean production? in details (GCSE) keywords.
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Who might request your credit report besides you? Why?
Answer: See explanation
Explanation:
Credit report and history are used to know ones creditworthiness. Apart from the individual who owns the account, it can also be requested by creditors or lenders such as mortgage lenders so that they can know if one is eligible and creditworthy for a loan. Creditors review ones credit report when loans are applied for.
a popular leading indicator of economic activity is: group of answer choices stock index returns. industrial production. the prime rate of interest. commercial and industrial loan volume.
Grouping based on timing. GDP is correlated with equity prices, but business credit is a lagging indicator. According to their typical timing in connection to the business cycle,
Economic indicators can be divided into three categories: leading indicators, lagging indicators, and coincident indicators.
Stock index returns are a common leading indication of economic activity (see the list of possible answers). production in industry. interest rates at prime. volume of commercial and industrial loans.
First, look at these indicators. Statistics that come before economic developments are called leading economic indicators. They foresee when the business cycle will next change. When the economy is either emerging from or entering a recession, this becomes extremely important. Coincidence and trailing indicators are the other two categories of indicators.
To learn more about indicators please click on below link
https://brainly.com/question/29439458
#SPJ4
The Security Classification Guide (SCG) states: The dates of the training exercise are Secret. The new document states: (S) The training exercise runs Monday through Friday and occurs every June based on trainer availability. The only trainer currently certified is running other exercises the first three weeks in June. What concept was used to determine the derivative classification of the new document?
The concept used to determine the derivative classification of the new document is "need-to-know."
The concept of "need-to-know" is a fundamental principle in information security and classification. It states that individuals should have access to classified information only if they have a legitimate need for that information to perform their duties or responsibilities. In this case, the Security Classification Guide (SCG) has classified the dates of the training exercise as Secret, indicating that access to this specific information is restricted to individuals with a need-to-know. The new document, while providing some information about the training exercise, does not disclose the specific dates, ensuring that the derivative classification aligns with the principle of "need-to-know."
To know more about Security Classification Guide here: brainly.com/question/28222508
#SPJ11
Benson, incorporated manufactures a single product and uses the plantwide overhead rate method. the company's plantwide overhead rate is $25 per machine-hour (mh) used. their single product uses 10,000 mh, has direct material cost per unit of $10.96 and direct labor cost of $3.84 per unit. the total overhead cost is expected to be:
Benson Inc. employs the plantwide overhead rate technique and produces a single product. A total of $250,000 is anticipated for overhead expenses.
The sum of a company's indirect operating expenses is known as its total overhead costs. These expenses are required for the operation of the business even if they are not directly connected to the creation of a particular item or service. Rent, utilities, insurance, administrative salaries, and office supplies are a few examples of overhead expenses.
Total overhead cost = Predetermined overhead cost × Actual machine hours used
= $25 × 10,000
= $250,000
The direct materials and direct labor per unit will be used to compute the overall production cost per unit.
To learn more about overhead rate
https://brainly.com/question/29583640
#SPJ4
importance of opportunity cost to individual
\(answer \)
Opportunity Cost: By choosing to go to spend time and money on things like classes and computers ,you are necessarily choosing not to spend it on something else, like going on vacation. ... By doing so, individuals are maximizing the amount that they can get out of their resources (time, money, effort , etc.).
Explanation:
\(hope \: it \: \: is \: \: helpful \: \: to \: \: you\)
How is a cryptocurrency exchange different from a cryptocurrency wallet?
businesses commonly acquire assets from: multiple select question. borrowing from creditors. repaying debt. paying cash expenses. earning revenue.
Businesses commonly acquire assets from: borrowing from creditors, paying cash expenses, earning revenue.
Businesses commonly acquire assets from several sources including:Borrowing from creditors can include obtaining loans from banks or other lending institutions.
Businesses can generate revenue through the sale of products or services and use this revenue to purchase assets.
Businesses can also purchase assets by paying cash for them rather than borrowing funds.
Repaying debt is not a common way for businesses to acquire assets, as this would result in reducing the assets of the business. Repaying debt is typically used to reduce the liabilities of a business.
To learn more about assets click on,
https://brainly.com/question/29484853
#SPJ4
You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy
If the foreign country has a higher rate of inflation than the United States, then over time the foreign currency will buy fewer goods and services in the United States.
This is because inflation erodes the purchasing power of a currency over time. As prices rise in the foreign country, the value of the currency relative to other currencies will decrease. This means that when you exchange foreign currency for US dollars, you will receive fewer US dollars than you would have before the inflationary period. This is known as currency depreciation. In order to protect against this, investors may choose to invest in currencies with lower inflation rates or diversify their investments across a variety of currencies. It's important to remember that currency exchange rates are constantly changing, and it's difficult to predict how any one currency will perform over time.
To learn more about Foreign :
https://brainly.com/question/14885573
#SPJ11
1. All of the following pairs of goods are substitutes except :________.
A. we observe the price of bacon increases and the demand for eggs decreases. B. we observe the price of coffee increases and the demand for tea increases. C. we observe the price of tennis racquets decreases and the demand for golf clubs decreases. D. we observe the price of automobiles decreases and the demand for public transit decreases. 2. All of the following pairs of goods are complements except :_________.
A. we observe the price of tennis racquets increases and the demand for tennis shoes decreases. B. we observe the price of bacon decreases and the demand for sausage increases. C. we observe the price of coffee decreases and the demand for tea decreases.
D. we observe the price of automobiles decreases and the demand for tires increases.
The answer is Option A. The options are substitutes except A. we observe the price of bacon increases and the demand for eggs decreases.
What is a good substitute?This is the term that is used to refer to the goods that can be substituted for other goods.
These types of goods are known to have very close usage to the goods that they are substituting.
Eggs and bacon are not substitute goods these are the types of goods that are known to complement themselves. They go hand in hand and one is not used in place of the other.
Read more on goods substitutes here: https://brainly.com/question/14665758
#SPJ1
List one type of appropriate workplace verbal communication
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
Consider a company whose long run total cost function is LTC = 2004-20q²+q³ and whose marginal cost function is LMC = 200-40q+3q²
a. Find the quantity where LAC is at a minimum.
b. What is the lowest possible average cost?
To find the quantity where the long-run average cost (LAC) is at a minimum, we need to differentiate the long-run total cost (LTC) function with respect to q and set it equal to zero.
a. Find the quantity where LAC is at a minimum:
LTC = 200q⁴ - 20q² + q³
To find the LAC, we divide LTC by q:
LAC = LTC/q = (200q⁴ - 20q² + q³) / q = 200q³ - 20q + q²
Now, we differentiate LAC with respect to q and set it equal to zero to find the quantity where LAC is at a minimum:
dLAC/dq = 600q² - 20 + 2q = 0
Rearranging the equation:
600q² + 2q - 20 = 0
Using the quadratic formula:
q = (-b ± √(b² - 4ac)) / (2a)
where a = 600, b = 2, and c = -20.
Substituting the values:
q = (-2 ± √(2² - 4(600)(-20))) / (2(600))
Simplifying the equation:
q = (-2 ± √(4 + 4800)) / 1200
q = (-2 ± √4804) / 1200
Since q represents the quantity, we only consider the positive value:
q = (-2 + √4804) / 1200 ≈ 0.0056
Therefore, the quantity where LAC is at a minimum is approximately 0.0056.
b. What is the lowest possible average cost?
To find the lowest possible average cost, substitute the value of q where LAC is at a minimum into the LAC function:
LAC = 200q³ - 20q + q²
LAC = 200(0.0056)³ - 20(0.0056) + (0.0056)²
LAC ≈ 0.0682
Therefore, the lowest possible average cost is approximately 0.0682.
Learn more about marginal cost Here-
https://brainly.com/question/17230008
#SPJ4