Inflation is the situation money is losses some of its value due to general process levels rises in the economy.
- Hence it can be best be defined as the increase in the amount of money and credit in the economy related to the supply of services and goods.
- Thus its an upward, general trend of prices in the economy. Hence the option D is correct.
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Answer:
In unitary terms, the average cost varies because the fixed costs are divided by higher or fewer units.
Explanation:
The average cost per unit varies according to production levels. First, <u>we need to clarify that fixed costs remain constant in the relevant range. </u>Between levels of production, the total fixed cost don't change.
In unitary terms, the average cost varies because the fixed costs are divided by higher or fewer units. Therefore, a fixed cost of $100 in 100 units is $1 per unit; but, in 50 units is $2 per unit. In unitary terms, variable cost remains the same.
<u>Finally, in total terms, fixed costs (in the relevant range) remains constant and total variable cost varies with production. </u>In unitary terms, variable cost remains constant and fixed cost varies.
Answer:
Make as the relevant cost to make is $89.20 per unit.
Explanation:
Calculation to determine what Epsilon should choose to:
Using this formula
Relevant cost to make= Direct material + Direct labor+Incremental overhead.
Let plug in the formula
Total Relevant cost to make=$8.00 +$58.00+$ 23.20
Total relevant cost to make$89.20
Therefore Epsilon should choose to:Make as the relevant cost to make is $89.20 per unit.
Answer:
Production cost per unit (under variable cost) = $69.55
Explanation:
Given:
Total unit produced = 36,000
Direct labor = $29 per unit
Direct material = $34 per unit
Variable overhead = $236,000
Total Fixed overhead = $126,000
Computation:
Variable Overhead per unit = $236,000 / 36,000 = $6.55
Production cost per unit (under variable cost) = Direct Labor per unit + Direct material per unit + Direct Variable Overhead per unit
Production cost per unit (under variable cost) = $29 + $34 + $6.55
Production cost per unit (under variable cost) = $69.55
Answer: Analogy
Explanation:
The method of forecasting that this example illustrate is analogy. Forecast by analogy refers to the forecasting method which simply assumes that two different kinds of situations have identical models and therefore share the same model of behaviour.
This can be infered from the situations that once the per capita GDP is known for the country, the per capita demand for the toys can be estimated.