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AlexFokin [52]
3 years ago
12

An implicit cost is defined as:

Business
1 answer:
Lerok [7]3 years ago
4 0

Answer:

Correct option: The opportunity cost of using a resource that is not explicitly paid out by the firm.

Explanation:

Implicit costs is defined as the opportunity cost of choosing some alternative over other alternative. In other words, it is the amount of money or satisfaction level that is foregone to choose some other alternative.

Economic cost is the sum of implicit costs and the explicit costs.

Economic cost = Implicit cost + Explicit cost

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Baldwin has negotiated a new labor contract for the next round that will affect the cost for their product Buzz. Labor costs wil
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Answer:

433 units

Explanation:

Information related to production costs are missing, so I looked for it. I found the following:

current sales price = $17

current fixed costs = $7,242

new labor costs per unit = $2.60, which results in a $0.50 increase

new direct materials cost per unit = $5.82, which results in a $1 decrease

total variable costs per unit = $8.42

Baldwin plans to pass 50% of the changes in costs to its customers:

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contribution margin per unit = $16.75 - $8.42 = $8.33

break even point in units = total fixed costs / contribution margin per unit = $7,242 / $16.75 = 432.36 = 433 units

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4 years ago
Gregson production is keenly aware of the need to daily strive to produce goods and services more effectively than its competito
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Nadia works in a clothing retail store. Her initial contact with a customer is most likely to be?
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Nadia works in a clothing retail store. Her initial contact with a customer is most likely to be personal selling works best when the product is on sale.

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Why would a deferred annuity or annuities due be preferred as a retirement investment?
jonny [76]

I believe the answer is: The tax deferred nature.

Investment is considered to has tax deferred nature if the tax payment for the investment can be made years later after its due. This favoured as a retirement plan because it make the investors have more money to spend during the productive years prior to retirement.

4 0
4 years ago
Read 2 more answers
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