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Iteru [2.4K]
2 years ago
14

Which expense has to be incurred at the time of Production? a)fixed b)variable

Business
1 answer:
Setler [38]2 years ago
7 0
Both but fixed goes first so a is correct
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The major factor in deciding how much to purchase is:
Ierofanga [76]
How much the money you have !!!
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3 years ago
Why does the moon have phases​
aleksandrvk [35]
The Moon has phases because it orbits Earth, which causes the portion we see illuminated to change.
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3 years ago
Cigarette smokers are very loyal buyers of cigarettes. Even if prices of cigarettes rise, they will typically continue to buy th
Amanda [17]

Answer:

a. mostly cigarette buyers.

Explanation:

The law of demand states an inverse relationship between quantity demanded of a good and it's price, keeping other factors affecting demand as constant.

Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price.

Alcohol and cigarettes are exceptions to the law of demand since in their case, the factor of addiction presides which outweighs rational decision making.

Thus, price elasticity of demand of cigarettes is inelastic. So a marginally higher price charged for cigarettes will not reduce their consumption.

A new tax on cigarettes would raise their prices. The manufacturers, to cover such taxes and maintain the same margin as before would further raise the prices of cigarettes further.

Thus, the tax burden would be shifted to the consumers and hence majorly borne by them.

3 0
3 years ago
Assume the money supply is $800, the velocity of money is 8, and the price level is 2. Using the quantity theory of money: a. De
KengaRu [80]

Answer:

3200

Explanation:

The computation of the level of real output is given below;

We know that

Money supply × velocity of money = Price level × Real output

And,  

Nominal output = Price level ×  real output.

Now  

a) level of real output = money supply × velocity of money ÷  price level

= 800 × 8 ÷ 2

= $6400 ÷ 2

= 3200

3 0
3 years ago
A perpetual inventory system: a) Requires a computer system to handle all of the transactions. b) Updates the inventory balances
Murrr4er [49]

Answer:

<h2>In this case, the correct answer would be option c) given in the answer options or Tracks inventory balances with every receipt and every withdrawal of inventory.</h2>

Explanation:

  • In Accounting and Economics, perpetual inventory system involves the calculation or updation of the inventory count or record for every individual individual inventory transaction.
  • Whenever a good is withdrawn or purchased from the inventory or dded to the inventory for later purchase or consumption, it is immediately recorded or updated under a perpetual inventory system.
  • Hence, perpetual inventory system requires the updates of the inventory record or count immediately after any good is purchased, sold or added into the inventory.
  • The final sale of any good from the inventory is recorded as a sales revenue for the concerned firm or company and any purchase of any good by the company for future sale which is added into the inventory is generally recorded as the cost of goods sold account.
6 0
3 years ago
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