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4 years ago

The amount of a good that must be given up to produce another good is the concept of:

Business

1 answer:

Vesna [10]4 years ago

3 0

E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.

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Which chart is best used to show the results of a class survey with 4 field trip options?

Nimfa-mama [501]

C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.

7 0

3 years ago

Read 2 more answers

Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate

Vaselesa [24]

Answer:

Check the explanation

Explanation:

Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.

This will reduce the cost of production of American Producers and would increase their profit-margin.

This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.

So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.

Kindly check the attached image below to see the required graph -

4 0

3 years ago

Maurice and Stanley's train store has grown to the point that they need more capital to expand the current location and to open

harina [27]

Answer:

b. sole proprietorship.

Explanation:

A sole proprietorship is a single business entity that is responsible for all profits and losses and may use a sole name or a business name as a private company is known for its flexibility and thus does not need to take large loans from the government.

Have an advantage of less administrative paperwork and record-keeping than a corporation, have less risk of being stolen by investors.

6 0

3 years ago

Priya owns a small manufacturing operation and is reviewing her company's pricing strategy. She sees that her company's total

Afina-wow [57]

Answer:

$16.26

Explanation:

The break-even point is the level of sales at which the business incur no profit no loss.Fixed and variable costs are covered at this level of sales. Use following formula of break-even to calculate the fixed cost.

As we know that

Break-even price per unit = Variable cost per unit + Fixed cost per unit

Break-even price per unit = ($987,493/84,000) + ($378,674/84,000)

Break-even price per unit = $16.26 (Rounded to 2 decimal places )

5 0

3 years ago

A manufacturer has a monthly fixed cost of $60,000 and a production cost of $16 for each unit produced. The product sells for $2

Sidana [21]

Answer:

$133,928.57

Explanation:

Break even revenue = Fixed cost / contribution to sales ratio

Contribution to sales ratio = Selling price - Variable cost / selling price

Fixed cost = $60000

Variable cost= $16 per unit

Selling price = $29 per unit

Contribution to sales ratio = 29 - 16/ 29 = 13/29 = 0.448

Break even revenue = 60000/0.448 = $133,928.57

3 0

3 years ago