Answer:
<u>Economies Of Scale</u>
Explanation:
Average total cost(ATC) refers to total cost incurred per unit of output produced.
ATC at level of 90 canisters = $1050/90 canisters = $ 11.67 per canister
ATC at level of 120 canisters= $1200/120 canisters = $10 per canister
As can be seen, the average total cost has reduced.
Economies of scale is defined as the phenomena when in the long run, average total cost reduces along with an increase in the output.
The reasons attributable to this phenomena being, increase in labor efficiency and better utilization of resources coupled with bulk quantity of inputs purchased at a lower cost, which lowers the cost of production in the long run.
Answer:
The correct answer is the sociocultural factor.
Explanation:
"make-to-stock" manufacturer is the new tactic that companies use to meet the demand obtained from their customers. Through this strategy, companies ensure they have the most demanded products in their inventory so that the person does not have to wait long for him.
Socioculture refers to the structures built by people, which helps them to relate to other people and other cultures.
In the different businesses and companies, they have felt a sociocultural change since the industrial revolution. Whereby each of the companies needs to change at the same time that the needs of their customers change, this forces them to use new sales strategies for the satisfaction of Your customers as "make-to-stock" manufacturer.
<em>I hope this information can help you.</em>
Answer: $20,600
Explanation:
In calculating the amount of cash that should be reported in the balance sheet as of August 31, we add the deposits Outstanding because that is money that we are getting. We then subtract the checks Outstanding because that is money we are to pay. These are the 2 balances to be concerned with.
The cash balance will therefore be,
= Bank account balance + Deposit Outstanding - Checks Outstanding
= 22,800 + 2,000 - 4,200
= $20,600
$20,600 is the amount of cash that should be reported in the balance sheet as of August 31.
Answer:
D. Economics does not use theories.
Explanation:
Economics is the study of : limited resource allocation, having alternative uses - to satisfy unlimited wants.
Economics is both a science (empirical science) & art (social science).
Economics has generally accepted rules & laws, based on experimentation - like Empirical Science. Eg: Law of Demand stating inverse relationship between price & quantity demanded.
Economics has subjective application essence to solve economic issues - like Social Science / art. Eg: Contractionary monetary policy (reducing money supply) to solve inflation (high price level)