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Lynna [10]
3 years ago
8

Suppose that an economy produces 2400 units of output, employing the 60 units of input, and the price of the input is $30 per un

it. Refer to the information above. If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, then per-unit production costs would:
Business
1 answer:
lesya [120]3 years ago
3 0

Answer:

The answer is: The per unit production cost would be $48

Explanation:

If productivity increased by 25% so now 3000 units are being produced with the same input (60 units) then the per unit production cost will be:

         3,000 / 2,400 = $60 / X

         3,000X = (2,400 x $60) = $144,000

         X = 144,000 / 3000 = $48

If productivity increases, then the per unit production cost decreases.

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As an alternatives to FDI, firms could choose ______, which involves producing goods at home and shipping them overseas, or ____
Vladimir79 [104]

Answer:

As an alternatives to FDI, firms could choose <u>EXPORTING</u>, which involves producing goods at home and shipping them overseas, or <u>LICENSING</u>, which is granting a foreign firm the right to produce and sell a product in return for a royalty fee.

Explanation:

To export a good (or service) means to sell a domestically produced good to other foreign countries. Traditionally basically only goods were exported, but lately there has been a surge of service exports, e.g. outsourcing customer services to India.

Licensing a product or service refers to a licensor giving permission to produce a product or service and sell it within a given market, usually foreign market. The licensor charges royalties to the licensee in exchange for that permission.

7 0
4 years ago
Knowledge Check 01 Which of the following is a correct statement regarding control of over-the-counter cash receipts: multiple c
nevsk [136]

Answer: The supervisor should compare the register transactions with the cash receipts report to make sure that both are correct.

Explanation:

The cash register shows the actual amount of money that is collected by the business during the day and the cash receipts journal records the cash collected.

There is therefore a need to ensure that these two tally up as a control method. The supervisors should therefore check for this and if they find that these two are not the same, it means that there is an error somewhere that needs to be rectified.

4 0
3 years ago
A firm using the perpetual inventory method returned defective merchandise costing P2,000 to one of its suppliers. The entry to
Temka [501]

Answer:

Correct option is (d)

Explanation:

Purchase returns is a contra account which is related to purchases. Some part of purchases are returned due to many reasons such as receipt of defective goods or goods are not needed anymore. In such cases, a contra journal entry is passed in the books of both supplier and purchaser.

Following entry is passed in the books of the purchaser if goods were purchased on account:

Particulars                            Debit                   Credit

Accounts payable                 P2,000

       Purchase returns and                                P2,000

allowances

(To record purchase returns)

The initial entry passed when purchases were made was"

Particulars                            Debit                   Credit

Purchases                            P2,000

       Accounts payable                                      P2,000

(To record purchases made

on account)

The above is reversed when purchases are returned.

So, the firm will debit accounts payable.

6 0
4 years ago
Assume you have 1000 shares of Microsoft, and they want to buy back their shares, would you sell your shares to them? OR you wou
kondor19780726 [428]

Answer:

no, i wouldn't

Explanation:

most likely the stock market is doing well and they want to keep the money, so thats why they'd buy them back. they want to keep the money for themselves.

6 0
3 years ago
Match each word with the phrase: diversification- the period of time after people end their working careers, guaranteed- to prom
Sveta_85 [38]

Answer:

*Diversification => The practice of putting money into more than one kind of investment

*Guarantee => To promise and deliver a future result

*Return => The money earned on an investment in a certain period of time

*Liquidity => The ability to quickly convert something into cash

*Retirement => The period of time after people end their working careers

Explanation:

1. Diversification is the act of investing resources into different areas or sectors of an economy. For example, a company that produces mainly clothing and textile materials can decide to diversify by investing in other areas like agriculture or food processing.

2. Guarantee is usually the ability of a company to promise, for example, certain qualities of a product to the consumers, and also matching the promise with the actual fulfillment of what was promised to the consumers.

3. Return: for example, if I invest $5000 on a restaurant business, and after like 12 months, the money generated on the money invested is my returns.

4. Liquidity: for example, if I have harvested cash crops, and I need money immediately, I can easily generate cash by selling them. The ease at which an asset can be converted to cash is what is termed liquidity.

5. Retirement: virtually all careers have a set time when their employees are due for retirment. The period when one leaves a career officially, after spending a certain period of years in service, is what is termed retirement.

3 0
3 years ago
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