Answer:
$94,000
Explanation:
A local hardware store has explicit cost of $2 million per year
The implicit costs are $44,000 per year
The store earned an economic profit of $50,000 last year
Therefore, the store's accounting profit can be calculated as follows
Accounting profit = Implicit costs + economic profit
= $44,000 + $50,000
= $94,000
Hence the store's accounting profit is $94,000
Answer:
True (Dead-weight loss )
Explanation:
When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.
It is a false statement that outsourcing some process in production is a means of supporting a constraint.
<h3>What is an
outsourcing?</h3>
An outsourcing refers to act of hiring external body to perform services that are normally performed in-house of the company by the employees.
Rather, the use of outsourcing some of production is intended to overcome some organization constraints.
Therefore, the statement is false.
Read more about outsourcing
<em>brainly.com/question/4456416</em>
Answer:
Cost of goods sold = $576,900
Explanation:
The budgeted cost of goods sold will be the sales volume in 2020 multiplied by cost per unit .
Sales volume in year 2020= (100-10)% × sales figure for 2019
= 90% × 160,250= 144,225
Cost of goods sold per unit = cost of goods sold in 2019/Sales units in 2019
= 641,000/160250=$4
Cost of goods sold = $4× 144,225 = $576,900
Cost of goods sold = $576,900
Answer:
This question is incomplete. However, I found the prompt to be as follows;
"What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? "
Explanation:
To solve this question, find productivity;
Productivity in this case is total hamburgers produced divided by the total labor cost plus total equipment cost.
Productivity = # of hamburgers *52 weeks * 4 years / (total labor cost + equipment cost)
Productivity= 40,000(52)(4)/ {9,500(4) + 5000}
= 193.5 hamburgers/dollar of input
Therefore, the factory would produce about 194 burgers per dollar of input.
