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2 years ago

Consider the following cost information for a pizzeria

1 answer:

8 0

The essential rule that makers utilize to figure out what blend of work and capital conveys yield at the least expense is cost minimization. Cost minimization is the primary guiding principle that producers use to determine which combination of labor and capital produces the most output at the lowest cost.

a) Because the total cost less the variable cost, the fixed cost is $300.

At a result of nothing, the main expenses are fixed expenses.

B) The change in total cost for each additional output unit is equal to marginal cost. Additionally, it is equivalent to the variation in variable cost for each additional output unit. As the quantity changes, the fixed cost does not change, so total cost equals the sum of variable cost and fixed cost. As a result, the increase in variable cost is proportional to the increase in total cost as quantity increases.

<h3>What is the formula for reducing costs?</h3>

The marginal product of capital is equal to the marginal product of labor divided by the rental price of capital in the cost minimization formula.

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A labor crew for placing concrete consists of one labor foreman at $26.09 per hour, one cement finisher at $29.30 per hour, 6 la

muminat

Answer:

Total cost per day= $1,892.72

Explanation:

Giving the following information:

Foreman= 26.09 per hour

Cement finisher= 29.3 per hour

Labor= 24.45 per hour

Equipment operator= 34.5 per hour

<u>To calculate the total cost for one day of work, we need to multiply the hourly rate by the total number of hours.</u>

<u></u>

Total cost per day= 26.09*8 + 29.3*8 + (24.45*6)*8 + 34.5*8

Total cost per day= $1,892.72

6 0

3 years ago

____ is the arrangement of machinery, equipment, and personnel within a production facility.

Nastasia [14]

PLANT LAYOUT is the arrangement of machinery, equipment and personnel within a production facility.
It refers to planning and configuring a manufacturing plant for production of goods. It is the most effective form of physical arrangement in any facility such as an industry or a company. A well designed plant layout plays an important role in the growth of that industry.

8 0

3 years ago

What is a step you can take toward committing to a career path?

d1i1m1o1n [39]

Answer: Identify a career that suits your interests and that you can perceive as something you would do for the rest of your life.

Explanation:

To advance in a professional career it is necessary that the field in which the person wants to practice has been identified. The person needs to know what they want to do and once they know they will stay focused and work to scale in that area.

As the person gains more experience, they will be able to move forward but the important thing is that they are doing something that not only can give them an economic benefit, but also that they like and this helps to increase the commitment.

8 0

3 years ago

Last month a company had net sales revenues of $10,000; Cost of goods sold of $4,000; other operating expenses of $3,000; non-op

never [62]

Answer:

6,00 is the correct answer.

Explanation:

Gross Profit =

10,000

- 4,000

------------

= $6,000

- Ignore everything except for Sales Revenue (Net Sales) and Cost of goods sold.

6 0

3 years ago

Election Research, a marketing research firm specializing in political campaigns, did an analysis on the 2016 California state l

Kay [80]

Answer: Provided in the explanation section.

Explanation:

We can see here that the model with all district has r2=0.535, from that we can say that model is explaining 53.5% of variation in WSV is explained this model so it could be considered as good model.

when we look at the second model which has r2=0.440 which mean model explains only 44% of variation in WSV and third model has r2=0.615 which indicates that it expains 61.5% if variation in WSV.

So, models can be used productively to predict.

From, the model with all district a candidate can get insight that,

Here, both the variable WSTE and WSRV have positive coefficient so we can say that as total share of advertising expenditure and number of registered voters incandidates politicel party increases his share of votes cast will increase.

And if candidate is registering from the incumbent district his share of votes cast will increase.

If the candidate has already dicided to register him self form an incumbent district he can get insight from the model of incumbent disctrict.

This model has positive coefficient for WSTE that concludes that more the candidate expenses for advertising campaign more his share of votes cast will be. and similarly for WSRV also has positive coefficient so more number of registered voter that are registered to his party can also increase the candidate's share of votes casted in the election.

If a candidate decides to register from nonincumbent district he can get insights from model for nonincumbent district.

This model has positive coefficient for WSTE that concludes that if candidate make more expenses for advertising campain more his share of votes cast will be. and similarly WSRV also has positive coefficient so more number of registered voter that are registered to his party can also increase the candidate's share of votes casted in the election.

Overall we could say if a candidate want to win the election he has to more expenses for his advertising campaign and also he to make that he has more proportion of registered voters that are registered to his political party.

I hope this helped !!!

7 0

4 years ago