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3 years ago

The basic difference between a good and a service is that a good

Business

2 answers:

d1i1m1o1n [39]3 years ago

8 0

Answer:

The basic difference between a good and a service is that a good is tangible while a service is intangible.

Explanation

Check the table attached to find an outline of the basic differences between a good and a service.

Download doc

Sidana [21]3 years ago

7 0

Answer:

is a tangible object that can be owned and stocked.

Explanation:

The main characteristics of services are:

Lack or ownership: services cannot be owned or stocked.
Intangibility: services do not have a physical shape.
Inseparability: services are produced and consumed at the same time.
Variability: services are not homogeneous and their quality might vary a lot.
Perishability: any service not provided today is lost by tomorrow.
User participation: consumers and producers must necessarily participate in the service process.

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Which of the following is an example of a variable cost?

Vedmedyk [2.9K]

It’s A because direct labor costs

6 0

3 years ago

Read 2 more answers

QS 6-2 Inventory costs LO C2 A car dealer acquires a used car for $16,000, with terms FOB shipping point. Compute total inventor

natima [27]

Answer:

$17,190

Explanation:

Costs that make up the cost of an asset are cost of purchase , sales tax , transportation , shipment insurance , import duties on items , assembly installation and all other costs incurred in making the assets ready for use.

Workings

Cost of purchase - 16,000

Transportation - in 210

Shipping insurance- 120

Car import duties - 860

Total cost 17,190

Other cost will the expensed as incurred

6 0

3 years ago

You are considering a project which will provide annual cash inflows of $4,500, $5,700, and $8,000 at the end of each year for t

liraira [26]

Answer:

Total PV= $15,103.49

Explanation:

Giving the following information:

Cf1= 4,500

Cf2= 5,700

Cf3= 8,000

Discount rate= 9%

To calculate the present value, we need to use the following formula on each cash flow:

PV= FV/(1+i)^n

Cf1= 4,500/(1.09)= $4,128.44

Cf2= 5,700/1.09^2= $4,797.58

Cf3= 8,000/1.09^3= $6,177.47

Total PV= $15,103.49

3 0

3 years ago

Levi organized 45 shirts into 3 drawers. Molly came and rearranged the shirts. She moved 6 shirts from the top drawer to the mid

Olegator [25]

Answer:

There were 16, 13 and 16 in first, second and third drawer respectively.

Explanation:

Given,

Total number of shirts = 45,

Number of drawers = 3,

Let x, y and z be the number in first, second and third drawer respectively,

After moving 6 shirts from the top drawer to the middle drawer,

Shirts in,

First drawer = x - 6

Second drawer = y + 6

Third drawer = z,

After moving 4 shirts from the middle drawer to the bottom drawer,

First drawer = x - 6

Second drawer = y + 6 - 4 = y + 2

Third drawer = z + 4,

Finally, after moving 5 shirts from the bottom drawer to the top drawer,

First drawer = x - 6 + 5 = x - 1,

Second drawer = y + 2

Third drawer = z + 4 - 5 = z - 1

According to the question,

x - 1 = y + 2 = z - 1

⇒ x - 1 = z - 1

⇒ x = z -----(1)

Also, x - 1 = y + 2

⇒ y = x - 1 - 2 = x - 3 ----(2)

Since, total shirts = 45

⇒ x + y + z = 45

From equation (1) and (2),

x + x - 3 + x = 45

⇒ 3x -3 = 45

⇒ 3x = 48

⇒ x = 16,

Again from equation (1) and (2),

z = 16 and y = 16 - 3 = 13

Hence, there were 16, 13 and 16 in first, second and third drawer respectively.

4 0

3 years ago

Charlie likes both apples and bananas. he consumes nothing else. the consumption bundle where charlie consumes xa bushels of app

Sunny_sXe [5.5K]

Answer:

the question is incomplete:

It happens that the set of consumption bundles (xA,xB) such that Charlie is indifferent between (xA,xB) and (20,5) is the set of all bundles such that xB = 100/xA. The set of bundles (xA,xB) such that Charlie is just indifferent between (xA,xB) and the bundle (10,15) is the set of bundles such that xB = 150/xA.

I also found the attached graph.

The requirements are:

Is (30,5) ≈ (10,15) true or false?
Is (10,15) > (20,5) true or false?
Is (20,5) ≥ (10,10) true or false?
Is (24,4) ≥ (11,9.1) true or false?
Is (11,14) > (2,49) true or false?
A set is convex if for any two points in the set, the line segment between them is also in the set. Is the set of bundles that Charlie weakly prefers to (20,5) a convex set?
Is the set of bundles that Charlie considers inferior to (20,5) a convex set?
The slope of Charlie’s indifference curve through a point, (xA,xB), is known as his ______________ ___ of ___________ at that point.
Find Charlie’s marginal rate of substitution at the point (10,10).
Find Charlie’s marginal rate of substitution at the point (5,20).
Find Charlie’s marginal rate of substitution at the point (20,5).
Do the indifference curves you have drawn for Charlie exhibit diminishing marginal rates of substitution?

Answers:

true, they are on the same red line
true, (10,15) is on the red line while (20,5) is on the blue line
true, they are equivalent since both are on the blue line
false, (11,9.1) is on the blue line and (24,4) is on the red line
true, (11,14) is on the red line while (2,29) is on the blue portion
yes, it is a convex set
no, they are not a convex set
The slope of Charlie’s indifference curve through a point, (xA,xB), is known as his RATE of SUBSTITUTION at that point.
marginal rate of substitution at (10,10) = -10/10 = -1
marginal rate of substitution at (5,20) = -20/5 = -4
marginal rate of substitution at (20,5) = -5/20 = -1/4 = -0.25
yes, this curves shows diminishing marginal rates of substitutions, e.g. goes from -4 to -1 to -0.25

3 0

3 years ago