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Thepotemich [5.8K]
1 year ago
10

How should policymakers determine the amount of money that should be allocated for research curing heart​ disease? they should b

ase their decision on.
Business
1 answer:
Vlada [557]1 year ago
6 0

Bigger and larger reductions in the production of one thing are necessary to increase the production of another good. The frontier of the production potential will bow outward.

<h3>What is production?</h3>

Producing goods and services to meet consumer demands is known as production. The method yields the final product. Land, capital, labour, and organisation make up the four components of production.

The production of automobiles is an illustration of production. Parts are put together to create cars. For instance, metal bodywork are given rubber tyres so that seats can be placed before the car rolls off the assembly line.

One of the most crucial steps in the manufacturing process, production is fundamental to what it means to be a manufacturer.

To learn more about production from the given link:

brainly.com/question/13117735

#SPJ4

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Peter's Pencils is a perfectly competitive company producing pencils. Suppose Peter is producing 1,000 pencils an hour. If the t
kramer

Answer:

Peter is maximizing his profit and is making an economic profit.

Explanation:

Peter's Pencils is a pencil producing firm in a perfectly competitive firm.

It produces 1,000 pencils an hour.

The total cost of producing 1,000 pencils is $500.

The market price of each pencil is $2.

The marginal cost of producing the last unit of a pencil at this point is $2.  

An individual firm in a perfectly competitive market faces a horizontal line demand curve which also represents the average revenue and marginal revenue.

This means that the marginal revenue earned from the 1,000th pencil is $2.  

The marginal revenue is equal to marginal cost, this implies that the firm is maximizing profits.

The average total cost of the firm is  

= \frac{TC}{Q}

= \frac{500}{1,000}

= $0.5

The average total cost is $0.5 which is lower than the price. This means that the firm is earning economic profits.

6 0
3 years ago
Problem 8-12 (Algo) A firm uses a serial assembly system and needs answers to the following: a. An output of 800 units per shift
juin [17]

Answer:

the required time is 36 seconds

Explanation:

The computation of the required time is given below:

= Production time available ÷ desired output

= (8 hours × 60 minutes × 60 seconds) ÷ 800 units

= 28,800 ÷ 800

= 36 seconds

hence, the required time is 36 seconds

5 0
3 years ago
Samuelson will produce 20,000 units in January using level production. If each unit costs $500 to manufacture, what is the dolla
Likurg_2 [28]

Answer:

The dollar value of ending inventory is $7.500.000

Explanation:

To calculate the dollar value of ending inventory you need to use the next formula:

End inventory= (Beginning inventory + production - sales).$

In this case:

- Beginning inventory: 10.000 units

- January Production: 20.000 units

- Sales: 15.000 units

End inventory= 10000+20000-15000

End inventory= 15.000 units

Dollar value= 150000 . $500= $7.500.000

5 0
3 years ago
Total population: 39,404 Average household income: $121,000 Average household expenditures: $81,000 In their 20s and 30s: 53% Wh
dolphi86 [110]

Answer:

This is the full question:

Before Caffè Gustoso's owners can develop a marketing plan for the new store, they need to decide how to expand.

To keep the market expansion manageable, they have decided to limit the potential locations to the Chicago suburbs. However, they don't know which suburb to target.

The profile of Caffè Gustoso's current downtown customer is as follows:

Total population: 39,404

Average household income: $121,000

Average household expenditures: $81,000

Age range of customers: 53% In their 20s and 30s

Type of employment: 73.3%White collar employment:

Education level: 79.1% Bachelor's degree or higher:

Family status:  Married: 49.3% Households without children: 78%

The owners have collected data on three potential markets presented in the market analysis report shown here and want your feedback.

Which of the Chicago suburbs is the best target for Caffè Gustoso's planned market development?  Deerfield, Aurora or Naperville.

And the correct answer is:

Naperville, IL

Explanation:

The following information for the 3 suburbs is taken form US Census

                        Average

                        Household                                            

                        Income         Median Age  %Married  %W/O Kids Race

Naperville       $105,585       35                   70%          55%             76% White

Aurora               $63,967       32                   54%          53%             56% White

Deerfield        $107,194         40                   73%           56%             95% White

The suburb that fits the average customer is Deerfield, for the following reasons:

  • The average household income of the Caffe Gustoso's customer is $121,000, and the average household income in Naperville is $105,585, a bit less, but not by a lot.
  • 49% of the customers are married, in Naperville, 70% of people are married. The difference is significant, but in Deerfield more people are married (73%), and in Aurora, the percentage of married people is close (54%), but the average income is not ($63,967 vs $121,000).
  • The average customer is in his 20s and 30s, and the median age in Naperville is 35, still in the 30s.
  • 78% of customers do not have children, and in Naperville 55% of people have children, however, the figures are practically the same for the three suburbs so this is inconsequential.
  • 73.3% of customers are white, and 76% of people in Naperville are white, an almost 1:1 correspondence.

5 0
3 years ago
The smartphone market has been dominated by Apple, but recently the Droid has been able to leverage Google's information service
BigorU [14]

Answer:

Smartphone Market

Apple, Google, and Blackberry:

This analysis is consistent with the industrial organization  model:

a) True

Explanation:

Industrial organization is the application of the economic theory of price, the structure of markets, and the strategic moves by firms to industrial analysis.  According to investopedia.com, "Industrial organization is a field of economics dealing with the strategic behavior of firms, regulatory policy, antitrust policy and market competition."

The industrial organization model is a way of  explaining the forces outside an organization that exert influences on a firm's strategic actions.  It is based on the assumptions that decision-makers act rationally, have mobile resources that they control, and that pressures and constraints are imposed by the external environment.

4 0
3 years ago
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