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solniwko [45]
3 years ago
6

Economies of scale: Question 1 options: A) are available to small firms but not to large firms due to management inefficiencies.

B) are achieved when a firm reduces its average cost of goods as it produces more. C) can be avoided by purchasing supplies and raw materials in large quantities. D) help explain the success of small businesses.
Business
1 answer:
Akimi4 [234]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

Economies of scale refer to the situation when a firm is able to reduce its average cost of production as it goes on increasing its level of output while the price of inputs is constant.

The average cost of production is the ratio of the total cost incurred and the total output produced. As the number of output goes on increasing after a certain limit, the average cost starts to decline.

The larger the firm the more it will be able to save the cost. That's the reason why large businesses are more successful.

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Hilton company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts p
Alina [70]

Answer:

a. $25,000

Explanation:

The computation of net cash provided by operating activities is shown below:-

Particulars                                                   Amount

Net Income                                                $30,000

Add Depreciation                                     $5,000

Less Increase in Accounts Receivables -$7,000

Less Decrease in Accounts Payable        -$3,000

Net cash Provided by Operating Activities $25,000

7 0
3 years ago
If a business offers both routine and specialized​ services, a single cost driver rate will​ overprice: A. the specialized servi
Svetlanka [38]

Answer:

D. the routine service.

Explanation:

Single cost driver rate: It is a cost assigned to each unit of cost driver activity directly. Cost driver also influence other business activity and effect the total cost incurred.

In the given case, Business offer both routine and specialized service, as we know single cost driver influence driver directly, therefore, cost driver of specialized service will overprice the routine service.

6 0
3 years ago
Real estate brokers and their salespersons facilitate __________ by promoting the sale/lease of property, providing information
Alex73 [517]

Answer:

The correct answer is Transferability.

Explanation:

The term of transferability indicates the speed with which competitors can mimic the processes on which a company's competitive advantage is based. It also refers to the ease of certain raw materials to be taken from one place to another.

3 0
3 years ago
Refer to the scenario to answer the following questions. A government worker surveys a number of households and comes up with th
Vikki [24]

Answer:

Explanation:

I honestly don't know how to answer this, but I can look into it and get back to you.

3 0
3 years ago
In the game of economics, producers get information they need to determine how much people are willing to pay for a good or serv
Ira Lisetskai [31]

Answer:

The correct answer would be option D, Consumers.

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.

Explanation:

In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.

For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.

So in this way, customers determine the prices of the products.

Learn more about Consumers at:

brainly.com/question/3096413

#LearnWithBrainly

8 0
3 years ago
Read 2 more answers
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