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TiliK225 [7]
3 years ago
6

LO 2.2Which of the following are prime costs?

Business
1 answer:
sesenic [268]3 years ago
4 0

Answer:

OPTION D: Direct Labor and Direct Material

Explanation:

Prime cost of a product is defined as the direct costs of producing a product including direct material costs and direct labor costs. Any other manufacturing overheads, indirect expenses and indirect materials/labor cost are not included in the calculation of PRIME COSTS .

                 Prime Cost = Direct Material Cost + Direct Labor Cost

Therefore, OPTION D: direct Labor and direct materials is the correct definition of prime costs.

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The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown retu
Ivenika [448]

Answer:

D. decreasing returns to scale.

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
2 years ago
Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose
Feliz [49]

Answer:

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

Explanation:

Given a competitive market the consumer surplus will be the area of the demand curve above the market price

This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle

If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.

First it will set price equal to his marginal revenue.

Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

3 0
3 years ago
The inclusion of all product and period costs necessary for making and marketing a product or service is a distinguishing featur
Neporo4naja [7]

Answer:

The correct answer is the option B: market price.

Explanation:

To begin with, the concept known as "Market Price" in the field of marketing and business refers to the specific number that will contain all the costs as well as the margin wanted to end up formulating what the customers will pay when they are wanting to buy the product or service. Therefore that the market price must include all product and period costs that are necessary for making and marketing as well the product or service itself. It is obvious that the marketing costs are as important as all the direct costs that are needed for the proper production of the product due to the fact that without it the product may not be sell to any one.

4 0
3 years ago
Celina is the manager at the local supermarket. New employee schedules are posted each week. When employees are unable to work t
rosijanka [135]

Answer:

b) wiki

Explanation:

because  emails only have one template, and can usually only go from one person to the other without overcomplicating.

firewalls are for protecting websites and private information.

blogs are usually for one person to post, and won't be as efficient and easy.

wikis are the best option because you can find various websites with templates for specific needs, especially for the workplace

5 0
2 years ago
A company is setting its direct materials and direct labor standards for its leading product. Materials cost from the supplier a
stepladder [879]
The answer is 12$ per hour
4 0
3 years ago
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