Answer:
The correct answer is Contract Manufacturing.
Explanation:
Contract manufacturing is a business model in which a company approaches a manufacturer with a design and requests a contract to produce a certain number of units at a cost. The cost of the contract manufacturer is based on work, material costs and the difficulty of the process, while the company focuses on design, marketing and sales. In general, the companies they hire will request quotes from several manufacturers per contract in a bidding process before finally choosing one.
Final answer:
Contract manufacturing is the cost-effective strategy used by companies to outsource the production of goods to foreign companies for cheaper costs. It often reduces production costs for firms, allowing increased production and potentially higher domestic employment, despite concerns over local job losses.
Explanation:
Contract manufacturing is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its home market. The correct answer to the question is 'c. Contract Manufacturing'.
Outsourcing is a strategy where firms in developed countries transfer some of their activities abroad to take advantage of lower labor costs. As a result of multinational corporations seeking out the lowest cost options, they may outsource many of their manufacturing jobs to other countries, impacting job availability in developed nations. This practice generally reduces costs for companies, who then can expand production and potentially increase domestic employment.
For example, American clothing companies have shut down their U.S. factories and relocated to countries like China, due to lower production costs, which is an instance of outsourcing. While outsourcing helps in reducing the production costs and in some cases can increase output and lower consumer prices, there is a concern about its potential to reduce employment in the countries from which jobs are outsourced.
Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they should bid on their number one choice—a small, three-bedroom bungalow near a major college town. Which of the following indicators may be an important factor in whether they are able to successfully put in a low bid?
Answer:
The indicators may be an important factor will be the unemployment rate in the area
Explanation:
The federal tax rate in the that area, may no different that in other area and it can be pay if you have job, the other indicator could be is the producer price index but it can't tell you the economy as well just the productions and finally the CMI consume marginal index tell you more about life style in the zone, so that's why the indicator that is higgher influence is the unemployment rate because that determinate how many people around can pay and be able to grow economy way in the area, so t you can get return on investment
Which of the following is an example of reverse distribution in a supply chain?
a. products moved between intermediaries before reaching the customer
b. products moved from the factory to resellers
c. products moved to the factory by suppliers
d. products that are to be disposed upon being returned by resellers
e. products moved directly from producer to customer
Answer:
c. products moved to the factory by suppliers
Explanation:
Reverse logistics in the supply chain encompasses a variety of activities that go against direct logistics that follows the usual sense of the supply chain which would be manufacturer -> customer, this being inverse as follows; consumer or customer -> manufacturer or supplier.
Reverse distribution is the process involving the movement of goods from their typical final destination back to the point of origin or disposal. The correct example of reverse distribution in the provided options is when products are returned by resellers for disposal.
Explanation:The example of reverse distribution in a supply chain is d. products that are to be disposed upon being returned by resellers. Reverse distribution refers to the processes involved in moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Unlike traditional distribution, which flows from producer to consumer, reverse distribution deals with the flow of goods from the point of consumption back to the point of origin or to a final disposal point.
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A cartoon in the text shows two people watching television. On the screen are the words "Economic growth indicators are up, led by car repairs, divorce costs, open-heart surgeries, and toxic waste cleanups." The cartoon illustrates the:
a) Difficulty in measuring social welfare.
b) Difference between GDP and national income.
c) Problem of measuring the difference in wealth between the United States and other nations.
d) Difference between GDP and NDP.
Final answer:
The cartoon illustrates the difficulty in measuring social welfare by showing economic growth indicators that may not reflect an improvement in well-being. Relying on GDP alone can be misleading when assessing social welfare. The correct option is a.
Explanation:
The cartoon in the text illustrates the difficulty in measuring social welfare. The statement on the television screen highlights economic growth indicators that may not necessarily reflect an improvement in social welfare. Car repairs, divorce costs, open-heart surgeries, and toxic waste cleanups, while contributing to GDP, do not directly measure the well-being of individuals or the overall quality of life.
The cartoon demonstrates that relying on GDP alone can be misleading when assessing social welfare. It implies that economic growth, as measured by GDP, may not always translate into an improved standard of living or overall societal well-being. Other factors like health, education, and environmental quality, which are not accounted for in GDP, should also be considered when evaluating social welfare.
Elasticity provides a guide to both responsiveness of:
a. quantity demanded to a change in price and change in revenue as price changes.
b. Market stability and change in revenue as price changes.
c. Responsiveness of quantity demanded to a change in price and market stability.
d. Technological change and change in revenue as price changes.
Answer:
The correct answer is option a.
Explanation:
Price elasticity of demand measures the change in the quantity demanded of a commodity due to the change in its price.
The change in quantity demanded and price level affects the total revenue as the total revenue is the product of price and quantity demanded.
So when the price is elastic then a change in the price level will cause a greater change in quantity demanded and thus in revenue. Similarly, when demand is inelastic a change in the price level will cause a smaller change in quantity demanded and thus revenue.
"on 19 In the economy of Wrexington in 2008, consumption was $3000, exports were $400, GDP was $5000, imports were $600, and investment was $1100. What were red Wrexington's government purchases in 2008?
a $700
b. $500
c $300
d. $1100 "
Answer:
Wrexington's government purchases in 2008 were $1100
Explanation:
GDP of an economy is measured as:
GDP = C + I + G + (X-M)
Where C is consumption, I is investment, G government purchases and X are exports and M imports. So if we simplify for G we have
GDP = C + I + G + (X-M)
GDP -C - I - (X-M ) = G
G= GDP -C - I - (X-M ) = 5000-3000-1100-(400-600)
Replacing values gives us:
G= 900-(-200) = 1100
Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees?
(a). Layoff
b) Streamlining
c) Downsizing
d) Rightsizing
Answer:
The answer is: D) Rightsizing
Explanation:
Although rightsizing and downsizing are synonyms, using the word rightsizing is seen as a more polite or less dramatic way of laying off workers.
The process of rightsizing usually involves laying off workers (reducing workforce), cutting costs and rearranging top management.
The reason it sounds less dramatic and harsh is that sometimes (although very rarely) the total workforce of the company rises. The process might involve laying of people from sector A and hiring many more for sector B.
Technically this process adapts the company to new or changing market conditions.
Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of income and interest rates are ______ related in the market for real money balances.
a. positively; positively
b. positively; negatively
c. negatively; negatively
d. negatively; positively
Answer:
D) negativity, positively
Explanation:
Equilibrium levels of income and interest rates are negatively related in the goods and services market because an equilibrium in interest and income will mean less goods and services and equilibrium levels of income and interest rates are positively related in the market for real money balances because an equilibrium in income and interest will lead to an increase in real money balances
Paula is about to open a new hardware store. She is making decisions regarding lighting, colors, and layout of merchandise. Paula knows these __________ factors will influence consumers' purchase decisions.Select one:a. socialb. interpersonalc. postpurchase dissonanced. extended habituale. store atmosphere
Answer:
Store atmosphere
Explanation:
Store atmosphere -
From the question , the perfect option for the question , is the store atmosphere , as the layout of the store plays a major role in attracting the customers .
The examples of the store atmosphere are the merchandise layout , color ,
Lighting .
The atmosphere of the store , enables the customer to get influenced to buy the goods .
Paula is making decisions about lighting, colors, and layout of merchandise for her new hardware store, these are considered store atmosphere factors which significantly influence consumers' purchase decisions.
Explanation:Paula is considering various aspects such as lighting, colors, and layout of merchandise for her new hardware store. These are considered store atmosphere factors, which are essential in influencing consumers' purchase decisions.
The store atmosphere includes physical aspects of a store, layout, temperature, lighting and more, collectively creating a certain mood or environment that can significantly impact a consumer's buying behavior.
Think of it as the store's personality; if it aligns with customers' preferences, it can potentially lead to more purchases. Paula's decisions are therefore crucial in setting the tone for her store and ensuring it resonates with her target audience.
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Which fact-finding technique can be used to obtain information about a wide-range of topics, including workloads, reports received, job duties, difficulties, and opinions of how the job could be performed more efficiently?
Answer:
The correct answer is Questionnaries.
Explanation:
The questionnaires are a series of ordered questions, which seek to obtain information from the person who answers them, to serve the questioner or both parties.
The questionnaires are often used as an evaluation technique, or as a research guide, or also to carry out surveys, where questions are asked about certain “questions” that are to be found. They are widely used in education, in Psychology, in Sociology and in market studies.
The questions must be brief, open (free to express) closed (you must choose between preset alternatives) or by combining both; precise, numbered, unambiguous, unconditional, and written in terms of language and complexity, according to age and studies or knowledge that is supposed to have the questioned.
For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except: Multiple Choice
a. Identifiable assets acquired, at fair value.
b. Liabilities assumed, at book value.
c. Non-controlling interest, at fair value.
d. Goodwill or a gain from bargain purchase.
Answer:
b. Liabilities assumed, at book value.
Explanation:
International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) require everything (Assets, Liabilities and Non-controlling interest) to be measured at the fair market value, the amount a third-party would pay on the open market, at the time of acquisition — the date that the acquirer took control of the target company.
Which of the following refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital?
A. Globalization of markets
B. Containerization of production
C. Dispersal of production
D.Globalization of production
E. Industrialization of markets
Answer: Globalization of production
Explanation: In simple words, production globalization refers to the free flow of factors of production from one economy to others.
The business firms nowadays face a lot of competition due to which they always seek for sources which can provide them low cost or better quality at same prices.
Thus, globalization helps these firms to take benefit of price difference in factors of production in different economies.
China produces many products at the lowest cost possible, even though Chinese consumers do not desire many of these products (e.g., football helmets). China is achieving: A) production efficiency only B) allocative efficiency only C) both production efficiency and allocative efficiency D) neither production efficiency nor allocative efficiency
Answer:
Production efficiency.
Explanation:
It's production is efficient because produces products at a lower cost that the competition.
It's not allocative efficiency, because when this happens, production represents costumers preferences.
Bart tries to concentrate during a particularly difficult lecture, but finds that he is more focused on the instructor’s unique dialect and delivery style. This is an example of __________.
Answer:
Noise
Explanation:
Bart tries to concentrate during a particularly difficult lecture, but finds that he is more focused on the instructor’s unique dialect and delivery style. This is an example of _noise_.
Noise refers to anything that interferes the communication between the speaker and the audience. It can be both external as well as internal. It can disrupt the communication process at any instant.
Final answer:
Bart's difficulty in concentrating during a lecture due to the instructor's unique delivery style is a reflection of nonverbal communication affecting his ability to listen effectively. This underscores the importance of not only the message itself but also the manner in which it is delivered, which has a significant influence on student engagement and understanding.
Explanation:
Bart tries to concentrate during a particularly difficult lecture but finds that he is more focused on the instructor’s unique dialect and delivery style. This is an example of nonverbal communication affecting learning and listening. Nonverbal communication includes the various elements of speech delivery such as tone, pacing, and emphasis, which can significantly impact how the message is received and understood. It is crucial to consider not only what is being said but also how it is said. When the style of presentation or the delivery of content does not effectively engage us, our ability to listen and concentrate can be compromised, as seen through Bart's experience.
Furthermore, this situation illustrates the attention paid to speech, which can be a barrier to effective listening. The lecturer's unique dialect and delivery style have captured Bart's focus, distracting him from the core material being presented. In such cases, Bart's selective attention is directed more towards the manner of speech than the actual content, which may lead to a less than optimal educational experience.
In the post World War II period, considerable growth in total production took place in the United States. But at the same time, businesses were dumping their waste into the Great Lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. This occurrence is an example where
A) real GDP gives an overly positive view of economic welfare.
B) real GDP gives an overly negative view of economic welfare.
C) investment would have been a better measure of total production.
D) the pollution counts as a final good.
Answer:
The answer is A) real GDP gives an overly positive view of economic welfare.
Explanation:
Real GDP measures the economic value of total produced goods of an economy adjusted by price levels. It takes in account consumption, investment government purchases and net exports.
However, they do not take into account externalities or negative consequences of the production of an economy. If US produced in factories that produce a lot of pollution, the GDP would capture the value of the produced goods from the factory. However it will not measure the economic consequences of pollution, damage to environment and the industries that depend in these resources. In the long run GDP could be lower if that pollution decreased the possibilities or inputs used to produce goods but in the short run GDP will give a positive view as if nothing bad was happening.
Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments, if any, by Ms. Harper in the following situation.
a) Southwest Development Company is a sole proprietorship owned by Ms. Harper.
b) Southwest Development Company is a 50–50 partnership of Ms. Harper and Christopher Black.
c) Southwest Development Company is a corporation.
Answer:
Explanation:
1) If Southwest Development Company is a sole proprietorship owned by Ms. Harper then Ms. Harper has unlimited liability in the business which means that creditors can claim against her personal assets.
2) If Southwest Development Company is a 50-50 partnership of Ms. Harper and Christopher Black then Ms. Harper has unlimited liability in the business which means creditors can claim against her personal assets.(same like number 1)
3) If Southwest Development Company is a corporation then Ms. Harper has limited liability in the business which guarantees that Ms. Harper cannot lose more than the $25,000 she invested.
Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed expenses of $96,000. The company believes sales will increase by 300 units, if advertising increases by $20,000. What is the change in net operating income after the changes?
Answer:
The change in net operating income after the changes by $14,200
Explanation:
For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:
Contribution per unit = Selling per unit - variable cost per unit
= $190 per unit - $76 per unit
= $114 per unit
where,
The selling per unit = (Sales revenue ÷ number of units)
= ($190,000 ÷ 1,000 units)
= $190 per unit
The variable cost per unit = (variable cost ÷ number of units)
= ($76,000 ÷ 1,000 units)
= $76 per unit
Now the change in operating income equals to
= (increased sales units × contribution per unit) - advertising cost
= (300 units × $114 per unit) - $20,000
= $34,200 -$20,000
= $14,200 increase
With the increase in advertising costs of $20,000, and an expected 300 units increase in sales, Taylor Company's net operating income will increase by $14,200.
Explanation:
The question is about calculating the change in net operating income of Taylor Company, which will occur as a result of additional advertising expenses and an expected increase in sales. We first need to calculate the contribution margin per unit (sales revenue per unit - variable cost per unit), which is ($190,000 / 1,000 units - $76,000 / 1,000 units) = $114. Next, we forecast the change in total contribution margin (increase in units sold * contribution margin per unit), which is (300 units * $114) = $34,200. Finally, we subtract the increase in advertising cost from the increase in total contribution margin to find out the change in net operating income (increase in contribution margin - increase in advertising cost), resulting in ($34,200 - $20,000) = $14,200.
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Product costs:
- "attach" to units of product as they are purchased for resale or produced
- are always expensed in the same period in which the related products are produced
- include all costs involved in making and selling a product
- are also called inventoriable costs
Answer: Option (a) is correct.
Explanation:
Product costs are the costs that are associated with the production of a product. This is a cost that is incurred in making a product. Product cost includes direct labor cost, direct material cost, consumable supplies and manufacturing overhead. Product costs are also related to the cost of a worker or labor needed to rendered a service to a consumer.
What is the shape of the monopolist’s marginal revenue curve?
a. a downward-sloping line that lies below the demand curve
b. a horizontal line that lies below the demand curve
c. a downward-sloping line that is identical to the demand curve
d. a horizontal line that is identical to the demand curve
Answer:
(b) A horizontal line that lies below the demand curve
Explanation:
Marginal revenue of a monopolist is in every case less or equivalent to the cost of the good.In the event that the monopolist needs to sell extra units of output he must diminish the cost.This diminish the marginal revenue earned by the monopolist.Since for each extra output he sells, he is compelled to decrease the cost to a similar amountSo the monopolists marginal revenue income curve is descending slopingSeabuds Corp., a company that sells canned fish, was banned from selling its products after the Food and Drug Administration (FDA) found unacceptable ingredients used as preservatives in its products. In this scenario, Seabuds most likely violated
Answer:
Administrative Law
Explanation:
Administrative Law are the norms and rules that the government agencies and companies that interact with them must follow
Ottercut Tech, a software start-up, is putting together a new team to work on the marketing strategies for their expansion project. In the context of using the "Big Five" personality traits for effective team building, which of the following employees would be a good addition to a team that encourages a strong and harmonious culture and is most likely to give the best results?
A. Jamie is very organized; Stella is very cooperative.
B. Mary is not achievement-oriented; Issac is laid-back.
C. Both John and Adam are domineering.
D. Both Miriam and Ann are aggressive and unforgiving.
E. George is emotionally unstable; Bianca is constantly depressed
Answer:
The answer is: A) Jamie is very organized; Stella is very cooperative.
Explanation:
The Big 5 personality traits is a model used by psychologists to try to describe a person´s personality and how it affects their working behavior.
The five traits (or factors) used in this model are:
Openness: is a person curious or cautious Conscientiousness: is a person organized or careless Extroversion: is a person outgoing or prefers solitude Agreeableness: is he friendly or takes little interest on others Neuroticism: is a person emotionally unstable or secureIf you follow through this model, Jamie and Stella would be the best possible candidates for a software start-up. They show high conscientiousness, extroversion and agreeableness.
No one has all the right possible combinations of good personality traits, but with this model you try to avoid problems and facilitate team work.
The government’s authority at all levels to ensure the health, safety and welfare of its citizens, which includes the control of public land use is the definition of ______.
Answer:
Police Power
Explanation:
According to my research on different government powers, I can say that based on the information provided within the question this is the definition of Police Power. Like mentioned in the question this is the ability that states have to regulate it's citizens behaviors and maintain order, for the health, safety, and general welfare of those citizens.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Law Enforcement Power
Explanation:
The government’s authority at all levels to ensure the health, safety and welfare of its citizens, which includes the control of public land use is the definition of Law Enforcement Power. However, many people know the law enforcement as police officers.
The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and A. the additional revenue received from selling the output produced as a result of hiring an additional worker. B. the number of workers willing to produce the additional output. C. the payment made to the worker for producing the additional output. D. the elasticity of demand for the output produced by the worker.
Answer:
The correct answer is option A.
Explanation:
The demand for labor is said to be a derived demand as it is derived from the demand for products being produced using labor. It depends on the marginal productivity of labor and marginal revenue product of labor.
In other words, we can say that the demand for labor depends on the increase in the output produced due to hiring an additional unit of labor and the revenue earned from the sale of that additional output.
The demand curve of a firm is also called its marginal revenue product of labor curve. The marginal revenue product of labor is equal to the marginal product of labor times output price.
Information is considered material to the financial statements if I. It falls within industry-specific quantitative guidelines published by the Financial Accounting Standards Board. II. Its omission could make a difference in the decisions made by a user relying on the financial statements. III. Its misstatement could make a difference in the decisions made by a user relying on the financial statement.
Answer:
The correct answer are I and II.
Explanation:
The conceptual framework of IFRS defines that: "The information is material or of relative importance if its omission or inappropriate expression can influence decisions that users make based on the financial information of a specific reporting entity."
Relative importance (materiality) is defined in ISA 320 using the definition used by the IASB in the conceptual framework, the relative importance needs to consider both the amount (amount) and the nature (quality) of the representations on an economic fact, in the same way it is It is necessary to consider the possibility of misrepresentations of relatively small amounts that could have an important effect on financial information.
Warren Advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. A loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
A)The cause for action occurred prior to the end of the fiscal year.
B)The damages would be payable within a year.
C)Both a. and b.
D)The contingency should not be accrued.
Answer:
The answer is: A) The cause for action occurred prior to the end of the fiscal year.
Explanation:
Warren Advertising should always accrue its losses or liabilities according to the following basic accounting principles:
Accrual principle: Transactions must be recorded in the periods when they actually occur, not necessarily than in the periods when there are cash flows associated with them.
Conservatism principle: Expenses and liabilities must be recorded as soon as possible, revenue and assets only when they occur.
In accounting, a loss from a lawsuit should be accrued and a liability reported if the amount can be reasonably estimated and the cause for action occurred before the end of the fiscal year.
Explanation:In accounting, when a company becomes aware of a potential loss from a lawsuit after the fiscal year-end but before the financial statements are issued, the appropriate course of action is to record an accrual for the loss and report a liability. According to Generally Accepted Accounting Principles (GAAP), this should be done if the amount can be reasonably estimated and the cause for action occurred prior to the end of the fiscal year. Therefore, the correct answer to when a loss should be accrued and a liability reported is A) The cause for action occurred prior to the end of the fiscal year. The payment terms, such as whether the damages would be payable within a year, do not change the necessity to accrue as this is determined by the event's occurrence date relative to the financial reporting period.
Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes cach year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatocs each year. Country B has 400 workers. The opportunity cost of one tomato in Country B is: Multiple Choice 18 bananas. 3 bananas. 108 bananas. 6 bananas
Answer:
The opportunity cost of one tomato in Country B is 3 Bananas
Explanation:
Banana Tomato Workers Oportunitty Cost
25 5 200 5
18 6 400 3
The opportunity cost of producing a single tomato in Country B is 3 bananas, as by producing a tomato, a worker forgoes the production of 3 bananas.
Explanation:The opportunity cost in terms of economics refers to the cost of forgoing the next best alternative when making a decision. In this case, you are looking for the opportunity cost of producing one tomato in Country B. As per the information given, one worker in Country B can produce either 18 bananas or 6 tomatoes. Therefore, for every tomato produced, they could have produced 3 bananas. So, the opportunity cost of producing one tomato in Country B is 3 bananas.
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A prevalence survey conducted from jan 1st through december 31st, 2005 identified 3,460 cases of asthma in a city of 50,000 persons. The incidence rate of asthma in this population is 8 per 10,000 persons each year. What percent of the 3,460 cases were newly diagnosed in 2005?
Answer:
Rate of ashma 2015 6,92%.
it is reduced as estimated in 1,08% over population
Explanation:
City 50.000,00
Cases of Ashma 3.460,00
Rate of ashma 2015 6,92%
Rate of ashma 8%
Popultaion 10.000,00
Estimate 800,00
Estimate cases of ashma 4.000,00
Deadweight loss occurs when
a) producer surplus is greater than consumer surplus.
b) consumer surplus is reduced.
c) an inferior good is consumed.
d) the maximum level of total welfare is not achieved.
Answer:
d) the maximum level of total welfare is not achieved.
Explanation:
When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.
Deadweight loss occurs when the maximum level of total welfare, which can be achieved through optimal production and consumption in a market, is not achieved due to disruptions to the equilibrium of supply and demand. It's not specifically about consumer or producer surplus being greater, or about the consumption of an inferior good.
Explanation:Deadweight loss occurs when d) the maximum level of total welfare is not achieved. In essence, deadweight loss refers to the inefficiency in the market. It happens when the supply and demand equilibrium is disturbed, causing less than optimal production and consumption. Essentially, it represents the missed potential for total welfare in a market which can be caused by factors such as taxes, subsidies, price ceilings or floors, etc.
For instance, when a tax is imposed on a good, it increases the price paid by buyers (reducing the consumer surplus) and reduces the price received by sellers (reducing the producer surplus). This meddling with the free market equilibrium results in lesser units of the good being traded than would be in a free market, leading to a deadweight loss.
So, it's not necessarily about one surplus being greater than another (options a, b), or about the consumption of an inferior good (option c).
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I'MaPizzaCo. produces and sells specialty pizzas. Last year, it produced 8,000 mushroom, sausage and spinach pizzas and sold each one for $8. To produce these 8,000 specialty pizzas, the company incurred variable costs of $24,000 and a total cost of $40,000. I'MaPizzaCo's average fixed cost to produce 8,000 specialty pizzas was
a. 2.00b. 1.80c. 3.00d. 1.60
Answer:
the correct answer is option (a) 2.00
Explanation:
Given:
Total units produced = 8,000
variable cost incurred = $24,000
Total cost incurred = $40,000
Now,
Total cost = Fixed cost + Variable cost
or
$40,000 = Fixed cost + $24,000
Or
Fixed cost = $40,000 - $24,000 = $16,000
Therefore,
The average fixed cost for 8000 units = [tex]\frac{\textup{Total fixed cost}}{\textup{Total units produced}}[/tex]
or
The average fixed cost = [tex]\frac{\textup{16,000}}{\textup{8,000}}[/tex]
or
The average fixed cost = $2
hence,
the correct answer is option (a) 2.00
The average fixed cost to produce one specialty pizza by I'MaPizzaCo is $2.00, obtained by subtracting the variable costs from the total costs to get the fixed costs, and then dividing these by the number of pizzas produced.
Explanation:To identify the average fixed cost of I'MaPizzaCo, first you need to know the difference between the total costs and the variable costs. This will allow you to identify the fixed costs. Fixed costs are costs that do not change with the level of output, while variable costs are costs that vary with the level of output.
In this case, I'MaPizzaCo's total cost is $40,000 and the variable costs are $24,000. To find the fixed costs, simply subtract the variable costs from the total costs, which would be $40,000 - $24,000 = $16,000.
Now to find the average fixed cost, divide the fixed costs by the total number of units produced. So, $16,000 / 8,000 = $2.00. We can conclude that the average fixed cost to produce one specialty pizza is $2.00, therefore the answer is a. $2.00.
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A property is listed for sale at $235,000. A buyer's offer of $220,000 is rejected by the seller. Six months later, the seller reduces the price to $225,000. Another buyer offers $210,000, and the seller accepts because the seller has found another house to buy and needs to close quickly. The property is subsequently appraised at $215,000. Which of these figures MOST accurately represents the property's market price?A. 210,000B. 215,000C. 225,000D. 235,000
210,000 figures MOST accurately represent the property's market price. Thus option A is correct.
Who is buyer?A buyer, sometimes known as a purchasing agent, is in charge of buying products for a company. They are free to negotiate contracts with suppliers, looking into potential purchases, and taking inventory of the existing product line. 10
Consider this issue logically; even though the pricing was 235,000, it ultimately sold for 210000. As a result, the company's equity worth would increase to $200,000 Any enhanced property can be valued using the cost technique. It is the most trustworthy method for appraising special properties.
The projected land value, along with the sunk costs of the structure and other renovations, are added together using the cost model to offer a value indication. Therefore, option A is the correct option.
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Does it make sense? Is it reasonable? Is it something consumers will get excited about? Does it take advantage of an environmental trend, solve a problem, or fill a gap in the marketplace? These are the types of questions asked during the ________ feasibility component of a complete feasibility analysis. concept organizational financial industry/target market product/service
Answer:
product/service
Explanation:
According to my research on the feasibility analysis, I can say that based on the information provided within the question these re types of questions that are asked during the product/service feasibility component. These questions need to be asked and answered in order to determine whether is a certain product is right for the company and if it will sell, which allows the company to decide whether or not to proceed to mass production.
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Final answer:
The questions posed are part of the product/service component of a feasibility analysis, focusing on the viability of a new product in the market, including assessing demand, competition, and target audience. The feasibility study incorporates other aspects such as technological, economic, legal, and operational considerations to gauge the overall project viability.
Explanation:
The types of questions asked during the product/service feasibility component of a complete feasibility analysis are concerned with whether a new product or service will sell and if it will be profitable for the company. This involves assessing if there is a demand for the new product in the market, determining if there is a target audience that will prefer this product over the competition, and ensuring that it is visible and available for purchase by the consumer. Factors such as market size, growth, trends, and saturation, as well as product differentiation and target audience identification, are crucial components of this component of the feasibility study.
In addition to product/service feasibility, a comprehensive feasibility study will also consider technological, economic, legal, operational, and schedule feasibilities to ensure the holistic viability of the project. Clearly, the feasibility study should not overlook the time and resources necessary to successfully launch the product in adherence to the technological capabilities, market trends, and organizational readiness.