Answer: The advantages would be efficiency and accountability; the disadvantages would be resource hoarding and low quality.
Explanation: There will be more trust between workers and indivuals, more accountability as well.
Answer:
Direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $15,000.
Explanation:
For 10,000 units:
Direct materials (DM) = $50,000
Direct labor (DL) = $44,000
Utilities (U) = $5,000
Supervisor salaries (S) = $15,000.
For 12,000 units:
Direct materials (DM):
Direct labor (DL):
Utilities (U) = $5,000
Supervisor salaries (S) = $15,000.
Salaries don't rely on production volume and, thus, should stay the same.
Answer:
a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.
b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost
Explanation:
a. According to the given data we have the following:
Let "C" is a cashier.
"K" is a kiosk
MPC = 48 (Marginal Product of Cashier)
MPK = 32 (Marginal Product of Kiosk)
PC = $15 (cashier can be hired for a wage of $15)
PK = $12 (Kiosk rents for $12)
At optimal cost minimization point, (MPC / MPK) = (PC / PK)
(MPC / PC) = (MPK / PK)
(MPC / PC) = (48 / 15) = 3.2
(MPK / PK) = (32 / 12) = 2.67
Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.
b. We have to use the following:
(MPC / PC) > (MPK / PK)
i.e., 3.2 > 2.67
It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.
Answer:
$90,000
Explanation:
When we calculate GDP, its not included the value of the resale product because the value of the original product(house) already included in the year. Reselling item and commission added in GDP. Because Dealer gets commission for his service and this is like his income.
Included Amount in GDP = Sale Price × Agent Commission
= $1,500,000 × 6%
= $90,000
2020, GDP will increase by = $90,000
Although there is no question here, I am assuming that this is a True/False question because it is a False statement.
A certificate of deposit is an investment with a fixed interest rate for a fixed period of time. There are nearly always penalties for early withdrawal.
