Answer:
Marginal opportunity cost is the number of units of good 1 that are sacrificed for producing an additional unit of other good.
A) If we increase the production of butter from 1 to 2 then Guns production decreases from 36 to 26. Thus opportunity cost of second unit of butter is 10 guns.
B) Total opportunity cost of 2nd unit of butter = 18 guns
C) marginal opportunity cost of producing the third unit of butter = 12 Guns
D) Total opportunity cost of third unit of butter = 30 Guns
Money. I'm doing the same subject right now. Feel free to message me if you have any questions.
Answer:
$154,000
Explanation:
Calculation to determine the total conversion cost
Using this formula
Total conversion cost=Direct labor cost incurred
+Applied factory overhead
Let plug in the formula
Total conversion cost =$109,800+$44,200
Total conversion cost=$154,000
Therefore Total conversion cost is $154,000
Tap & go turns a smart phone into a wallet. This technology allows vendors to accept credit cards in "contacless" way. Credit card companies and technology companies embrace this and it is expected to grow.
Answer:
A shareholder (One who is in a cooperate business with another, in other words, a business partner-that form of business is called partnership.)
Explanation:
A shareholder (or stockholder) is an individual or company including a corporation that legally owns shares of stock in a joint stock company
When buying into a cooperative, the purchaser becomes a shareholder in the corporation (business) by virtue of stock ownership and receives a proprietary lease to the apartment for the life of the corporation (or business).
