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kkurt [141]
3 years ago
10

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $15,000),

and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $5,000).
Does this production exhibit scale economies or scope economies?
Business
1 answer:
AnnZ [28]3 years ago
6 0

Answer: Scale Economies

Explanation:

Scale Economies or Economies of scale refers to a situation whereby a company stands to save more on costs if it produces more goods and services. The more they produce, the more they save.

Riverside Ranger logo T-shirts take $15,000 to set up and that is a set cost.

After that, it will cost $5,000 to make every 1,000 units per design.

The Marginal cost = 5,000/1,000 = $5

Total Cost is the initial cost + the marginal cost per unit.

Total Cost = $15,000 + 5Q

Average Cost = \frac{15,000}{Q} + 5

<em>Therefore as Quantity increases, Average cost will decrease showing Scale Economies. </em>

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Rahm's credit card issuer calculates interest based on the outstanding
Llana [10]

Answer:

Adjusted balance method.

Explanation:

Adjusted balance method is defined a method of calculating financial interest based on the outstanding balance at the end of the last billing period after the payments after all necessary adjustment to the account has been made.

This method of interest calculating leads to a reduced finance charge with time as payments are being made to offset and reduce the balance on the card

3 0
3 years ago
After Hurricane Katrina there was considerable public outrage that many of the properties were not insured against flooding alth
STALIN [3.7K]

Answer:

A. the risk of wind damage is potentially diversifiable, but the risk of flooding is not

Explanation:

Based on the scenario being described it can be said that the best explanation for these different approaches would be that the risk of wind damage is potentially diversifiable, but the risk of flooding is not. Meaning that  most insurance companies cover wind damage because it is most likely during a hurricane but flooding may be a unique situation which is not always covered by most insurance companies/policies.

7 0
3 years ago
question 1 you are presenting your theory about the correlation between recent sales increases and a current pop culture trend.
Sveta_85 [38]

The opening or introduction of your presentation is the ideal time to introduce the hypothesis. The tentative solutions are important about the presentation.

<h3 /><h3>What is a hypothesis?</h3>

A hypothesis is a theory that is put up as a potential explanation for a certain circumstance or condition but has not yet been shown to be true. Scientists can design a straightforward laboratory experiment to verify this theory.

In the context of science, a hypothesis is an assertion based on current knowledge that is appropriate for describing a particular phenomenon but whose validity has not been established or has not been independently tested.

Typically, the researcher's hypothesis is referred to as the alternative hypothesis, and any other result is referred to as the null hypothesis, or, more simply put, the opposite result from what was predicted.

Learn more about hypothesis, here

brainly.com/question/29519577

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7 0
1 year ago
What does woolworths do to help the people​
Margaret [11]
Donate surplus food from food stores to communities who need the support.
3 0
2 years ago
At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th
Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0
3 years ago
Read 2 more answers
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