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Inessa [10]
3 years ago
12

Osion Electronics Inc. incurs a cost of $350 to produce one unit of a cell phone. The company's management has priced the produc

t at $600 in the market. Considering the technological advancement of the cell phone, customers perceive its value to be around $800. What is the economic value created in this scenario
Business
1 answer:
Vsevolod [243]3 years ago
7 0

Answer:

The economic value establish in this case is $450

Explanation:

Economic value is the term which is defined as the computation of the profits an asset has either manufactured or might produce in the future. It is that measure of the product or service benefit provide the economic agent.

For computing the economic value as:

EV (Economic value) = (Actual rate of return - Cost of Capital) × Net Investment

where

Actual rate of return is $800

Cost of capital is $350

Net Investment is nil

Putting the values above:

EV = $800 - $350

EV = $450

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Aaron, clerical supervisor for a health maintenance organization, wants to hire the best person for the receptionist job. Ramona
katrin [286]

Answer:

Explanation:

There are two things that Aaron can do to make sure of this. The first is to make the office wheelchair-friendly. Meaning installing ramps in the necessary places so that the candidate can easily traverse the office and get to and from the places she needs easily and by herself. The second thing that Aaron can do is make sure that the candidate's abilities are better than the other candidates. These skills will make her an asset because she will be able to bring insight and experience that the other candidates would never be able to.

7 0
2 years ago
How and why do economic actors analyze opportunity costs to determine which goods or services they should specialize in?
vovikov84 [41]

A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC).

<h3>How do economic actors calculate costs to specialize products?</h3>

The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

Exchange possibilities that lead to consumption opportunities outside of the PPC are the consequence of production specialization based on comparative advantage rather than an absolute advantage.

In contrast to what would have been achievable domestically, trade between two agents or countries enables the countries to enjoy a higher overall output and level of consumption.

<h3 />

PPCs can be used to decide who should specialize in a certain good as well as opportunity costs and comparative advantages.

A nation or individual will be able to consume at a point beyond its PPC through specialization and commerce, assuming the terms of trade are advantageous (for example, offering each agent a cheaper opportunity cost than could be accomplished without trade).

Check out the link below to learn more about opportunity costs;

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3 0
2 years ago
While everyone's personal financial goals will be unique to their situation, the means for achieving them will be similar. What
MrRa [10]

Answer:

increase their savings

Explanation:

Saving is the action of putting aside a portion of income in a safe place instead of spending.  It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.

While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.

7 0
3 years ago
Which of the following is true about presentation methods for providing training? Audiovisual techniques are most effective when
otez555 [7]

Answer:

The best answer for this question would be: Webcasting involves classroom instructions that are provided online through live broadcasts.  

Explanation:

The other answers are incorrect because:

Audiovisual techniques are most effective when combined with other training strategies to provide context and opportunity for the learners to practice what they have learned.  

Mobile technologies do not include simulation, case, studies, and on-the-job training.  

The best people to be trained through teleconferencing would be those who are working from an office position, though not located in the same area as the training provider.  

Classroom instruction is still a popular training method, because it's relative ease of access compared to other methods.

3 0
2 years ago
A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $40,000 indicates that
dusya [7]

Answer:

Dept. Y  =  $18,200

Dept. Z =   $21,800

Explanation:

Wages expense for this question consist of direct wages and indirect wages. The direct wages are allocated to their respective departments while the indirect wages are apportioned between the two departments.

Therefore, first do the allocation then the remainder $24,000 is apportioned equally between the two departments, Dept. Y and Dept. Z.

                                                         Dept. Y         Dept. Z

<u>Departmental wage expenses :</u>

Direct wages                                   $6,200          $9,800

Indirect wages                               $12,000         $12,000

Total                                               $18,200         $21,800

4 0
3 years ago
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