Based on microeconomic theory, <u>Total</u> costs refer to the sum of the fixed and variable costs for any given level of production.
<h3>What makes Total Cost?</h3>
Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
<h3>Components of Total Cost </h3>
The components of Total Cost include the following:
- Prime cost
- Factory cost
- Office cost
- Cost of sales, etc.
Hence, in this case, it is concluded that the correct answer is "<u>Total Cost."</u>
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Answer:
B. the cost of the business owner’s time and labor paying for gas for a company vehicle
Explanation:
Explicit cost are known as actual costs. They are costs incurred in the running of a business or in the production process . They are usually reported in the financial statements.
Implicit costs are opportunity costs.
The answer is "high uncertainty avoidance".
Countries indicating high uncertainty avoidance have a low tolerance for uncertainty and ambiguity in most everyday circumstances. Individuals who are living in the societies with a low tolerance to vulnerability will likewise have a tendency to set up laws, principles, directions and control components to keep any vagueness or hazard.Nations in Latin America, Japan and Germany are a few cases of where there is high uncertainty avoidance.
Actually the role of complement products is to enhance the
satisfaction that is given with the other product. For example, the complement
of a loaf of bread would be peanut butter or a strawberry jam. The amount of
satisfaction is enhanced when eating bread with peanut butter. Therefore the
answer is:
<span>D. complements add value to a product when they are consumed
in tandem with it</span>
Answer:
12.71%
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 4% + 1.34 × 6.5%
= 4% + 8.71%
= 12.71%
The (Market rate of return - Risk-free rate of return) is also called market risk premium and the same is used in the computation part. We ignored the bets of Delta
