Answer: The answer is A productivity
Explanation:
Productivity is a measure of the relationships between the quantity of goods produced in an organization in comparison with the resources that are needed by such organization in producing such goods. The resources invested in producing the goods by the organization includes money, machines, material, Labour. For instance, the introduction of a new method of production can lead to an increase in the level of productivity of an organization.
Answer:
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Answer:
b) The third unit should be produced
Explanation:
Consumer surplus arises wherein the price consumer actually pays is lesser than the price consumer was willing to pay.
Marginal cost refers to the additional cost incurred when an extra unit is produced.
Marginal revenue refers to the addition to total revenue when an additional unit of a good is produced.
As per marginal analysis, a producer would continue producing till the point wherein the marginal cost of production is equal to the marginal revenue derived.
In the given case, the two members are willing to pay $10 and $8 for the third unit of public good. The marginal cost for third unit being $17. While the marginal revenue derived being $18 ($10 + $8)
Since, the marginal revenue derived would be greater than marginal cost, the third unit should be produced.
Answer:
Hello your question is incomplete attached below is the complete question
answer: A) $38.4
B) For student tour = $46,800 / 1,500 = $31.2
For Donor's tour = $39,600 / 750 = $52.8
Explanation:
A) compute the unit cost ( using current cost system )
cost per visitor = Total Operational cost / Total number of visitors
= $86400 / 2250 = $38.4
B) using The ABC system
unit cost per visitor :
For student tour = $46,800 / 1,500 = $31.2
For Donor's tour = $39,600 / 750 = $52.8
attached below is the ABC system Table showing the calculations
