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denis23 [38]
4 years ago
5

Why are costs and benefits weighed when determining whether something gets produced

Business
1 answer:
katrin2010 [14]4 years ago
7 0

Answer:

Costs and benefits are weighed to determine if producing the good will be profitable.

Explanation:

Production of goods refers to the process through which raw material and resources are converted to a finished product. In most economies, production of goods are services is necessary to meet the demand for these goods. Companies and firms utilize resources like labor and materials to produce finished products. This is usually a costly activity that needs to be planned and organized for it to be successful. Since most businesses is for profit making, the production process has to be done in such a way that in the end, profits are made. Production processes requires financial strategies to be applied and assessed to ensure that the process is profitable in the long run.

An example of a financial analysis that can be used is the cost benefit analysis. The cost benefit analysis involves determination of all the resources that will be needed as input. The input is then convert into monetary terms, then summed together. The total amount of input in monetary terms is the cost, since that i the total amount needed to process the raw materials to finished goods. The future benefits are also forecasted and converted into monetary terms. The comparison of the costs versus the benefits forms what is collectively termed as the cost and benefits analysis.

When the costs outweigh the benefits, then the good should not be produced. When the costs are equal to the benefits, it means the business will break-even, so there will be no profits, it is advisable not to produce the good. Finally, when the benefits outweigh the costs, it is advisable to produce the good.

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Write a two page essay on politics (also this is for glassaqt)
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Answer:

The agrarian reform’s goal, in general, is to bring harmony between the rural and the urban

people. Agrarian reform is fundamental because of its economic gain of the country because

more than half the population is employed in the agricultural area. Agriculture is the primary

source of living, especially for the countries that are still in the process of developing. Tsarist

Russia failed to have peaceful relations with its citizens due to their unsuccessful agrarian law.

Bolsheviks planned to avoid such mistakes.

Making a change to the agrarian law was very important to not only the Bolsheviks but to the

Menshevik Georgians as well. For Russia, The First World War and the revolution crippled

Russia’s economy and brought instability and chaos to the country. The new Russian state

would mainly have to rely on the agrarian reform, because as mentioned before it brings

economic uprising to the country, and that is precisely what they needed. Support from the

working class and peasants was necessary if the crippled Bolshevik state was going to strive,

leading to the new government establishing the law that said that the control of the land would

be passed on to the lower class in the form of state collective farms.

The previous government failed to address the agrarian question and what the Bolsheviks

offered to the lower class, was acceptable to the majority of the citizens, although the promises

that were made were far from being perfect. The lower class wanted land divided up into

millions of smallholdings while the Bolsheviks trusted in collective farms worked on by the lower

class on behalf of the population. Lenin knew that if his Revolutions was going to live for a long

time, he needed to establish several things, such as: Winning over the peasants by offering

them the land that the previous government failed to do. While property was not exactly gifted to

the peasants, the new agrarian law meant that those who worked on the land after the 1917

Revolution had much more control over the way that land was farmed. The collective farms may

not have been a utopia for the peasants, but they were living better than they were, during the

former government. Lenin knew that he had to offer the lower class something that would be

unheard of in previous governments in order to gain the population's trust and keep the new

communist state in power.

In Georgia, on the other hand, there had been the usage of an ambitious, and mainly practical,

program to separate the large estates and distribute land to the landless lower class.

Hope this helps! Have a nice day!

3 0
3 years ago
Read 2 more answers
True or false? an hie moves health information among organizations while adhering to national standards.
Amiraneli [1.4K]
<span>True. An health information exchange(hie)'s sole aim is to share electronically information crosswise over associations inside an area, group or hospital facility framework. Practically speaking the term HIE may likewise allude to the association that encourages the trade</span>
3 0
3 years ago
Feline Watch Company makes wrist watches out of silver metal sheets. Five hours of labor are needed to make each watch. Factory
natima [27]

Answer:

Feline Watch Company should budget $15,000 overhead costs.

Explanation:

5 labor hours per unit of watch at $7 per labor hour

Variable Overheads $4 per labor hour

Total Variable overheads for 500 watches

$4 per labor hour * 5 labor hours per watch * 500 watches = $10,000

Fixed Overhead = $5,000

Total Overhead = $15,000

4 0
3 years ago
Paraphrasing is concerned with feeding back the key points of what a client has said. Reflection of feeling, in contrast, involv
ANEK [815]

Answer:

A. Helping clients become more affective

Explanation:

Reflection of feelings involves getting to know the emotions of the clients and reflecting those feelings back to the clients. This helps the client feels like he or she is being understood, listened to and validated. Reflection of feelings establishes a good rapport between the clients and the professional. Reflection of feeling statements accurately mirror client's feeling by identifying the client's emotions based on verbal and non verbal messages.

3 0
3 years ago
Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectivel
hjlf

Answer:

$48,800

Explanation:

Ratio = 2:3

Total investment:

= Benson capital + Orton capital + Ramsey capital

= $60,000 + $40,000 + $20,000

= $120,000

Total Equity of Ramsey:

= 40% of  Total investment

= 0.4 × $120,000

= $48,000

Old partners contribution:

= Equity of Ramsey - Ramsey capital

= $48,000 - $20,000

= $28,000

Benson’s capital balance after admitting Ramsey:

= Benson’s capital - Old partners contribution(2 ÷ 5)

= $60,000 - [$28,000 × (2 ÷ 5)]

= $60,000 - $11,200

= $48,800

6 0
3 years ago
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