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Andre45 [30]
3 years ago
9

If production volume increases from 16,000 to 20,000 units, a.total variable costs will increase by 25 percent. b.total costs wi

ll increase by 20 percent. c.mixed and variable costs will increase by 25 percent. d.total costs will increase by 25 percent.
Business
1 answer:
stepladder [879]3 years ago
5 0

Answer:

The correct answer is option a.

Explanation:

The variable cost of producing a good or service is the cost incurred on the variable factors. the variable factors are the factor inputs that vary with volume or level of output.

The production volume here is increasing by 4,000 units.

The percentage increase in production volume

= \frac{4,000}{16,000} \times 100

= 25%

Since, the production volume is increasing by 25% the total variable cost will also increase by 25%.

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If the demand for steak (a normal good) shifts to the left, the most likely reason is that:______.
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If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.

<h3>What is a normal good?</h3>

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

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4 0
1 year ago
When Eleanor went to Letty's department store, she noticed that the price that rang up when she was billing was much higher than
Sunny_sXe [5.5K]

Answer: stability

             

Explanation: In simple words ,The probability that the origin of the attribution would change over a duration of time is called attribution. For instance, if a person decides to get such a big promotion, they might equate it to a lack of skill.

This suggests uncertainty, as the person must improve their skills and obtain an education in order to ultimately influence the outcome. It is not a sustainable situation, but one that can be modified by behavioral change.

Thus, from the above we can conclude that the correct option is D.

5 0
3 years ago
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $3,200 Fee
koban [17]

Answer:

$12,100

Explanation:

Data provided;

Accumulated Depreciation = $3,200

Fees Earned = $17,400

Depreciation expense = $1,300

Insurance Expense = $200

Prepaid Insurance = $4,800

Supplies = $900

Supplies Expense = $3,800

Now,

The Net income

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= $12,100

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3 years ago
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