All categories

3 years ago

If a good is both excludable and nonrival in consumption, then it is

1 answer:

6 0

If a good is both excludable and nonrival in consumption then it is A CLUB GOOD. A good is excludable when there is restricted access to it. A good is nonrival in consumption when the consumption by one customer does not reduce the amount of that good that can be consumed by another customer. A club good is one that have high quantity available but is meant for certain group of people only, not for everybody.

You might be interested in

Kearney, Inc., makes kitchen tools. Company management believes that a new model of coffee grinder would sell well at a price of

IRINA_888 [86]

Answer:

$0.15 hours per unit

Explanation:

Given that

Direct material cost = $16

Assume Direct labor cost = X

Manufacturing overheads = $18

Profit margin = 20%

Direct labor per hour cost = $28

The computation of direct labor-hour input is shown below:-

Total manufacturing cost = X + $34

Total cost of goods sold = (X + $34) × 1.7 = $66

Direct labor cost per unit

= (X + $34) = $38.82

= $38.82 - $34

= $4.32

Direct labor hours per unit = Direct labor cost per unit ÷ Direct labor per hour cost

= $4.32 ÷ $28

= $0.15 hours per unit

3 0

3 years ago

During 2021, a company sells 500 units of inventory for $95 each. The company has the following inventory purchase transactions

Kryger [21]

Answer:

cost of goods sold = $36,285

ending inventory = $1,742

Explanation:

when you use the weighted average cost method you have to calculate the COGS using the total number of units and the total amount paid for them.

beginning inventory = 71 units for $5,325

purchase 1 = 262 units for $18,864

purchase 2 = 187 units for $13,838

total 524 units for $38,027

cost per unit = $38,027 / 524 units = $72.57

cost of goods sold = 500 units x $72.57 = $36,285

ending inventory = 24 units x $72.57 = $1,741.68 ≈ $1,742

6 0

3 years ago

Hachi is working against a deadline. she must have a term paper written by 8

rewona [7]

<span>Hachi is working against a deadline. she must have a term paper written by 8
a.m. tomorrow. the deadline is an example of a ________. Stress

</span>

6 0

3 years ago

Gary Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin

Vikki [24]

Answer:

c. democratic

Explanation:

Democratic leadership can also be called participative leadership in this kind of leadership the leader deligates duties just like what Gary Downs did in other to find solution to a problem.

7 0

3 years ago

Read 2 more answers

The capable project manager understands what motivates team members and creates a competitive environment in which individuals c

erastovalidia [21]

Answer:

False.

Explanation:

The capable project manager understands what motivates team members and creates a competitive environment in which each individuals are impacted by the learning process and experiences as part of a high-performing team and are able to excel.

Ideally, a capable project manager should use the project work or activities as an opportunity to avail the team members with more knowledge, so that each of them becomes more experienced and competent than when they started.

Also, a project manager is a professional saddled with the responsibility of successfully planning, analyzing and execution of a project in an organization.

3 0

3 years ago