Answer:
The production exhibit both scope economics and scale economics. They are not mutually exclusive.
Explanation:
Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.
In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.
Answer:
Break-even points = 265.38
Explanation:
Given:
Fixed cost = $3,450
Variable costs = $12
Selling price = $25
Number of balls sold = 300
Find:
Break even costs
Computation:
Contribution per unit = Sales - Variable costs
Contribution per unit = $25- $12
Contribution per unit = $13
Break-even points = Fixed cost / Contribution per unit
Break-even points = $3,450 /$13
Break-even points = 265.38
un u get the numbers then subtract them and come good with the answer
Answer:
i b) Group cohesiveness
ii c) Group heterogeneity
iii a) Group norms
iv d) Social loafing
Explanation:
i b) Group cohesiveness (this terms refers to the strong link between members of a social group as a whole)
ii c) Group heterogeneity (Refers to inter functional collaboration, individuals from different fields will be working together)
iii a) Group norms (refers to the informal rules that a group adopts and regulate on its own)
iv d) Social loafing (this terms refers to the idea that people are prone to exert less effort while working in a group, considering that others will take care of the work)
Answer:
The correct answer is option B.
Explanation:
The multiplier shows the increase in total production due to change in expenditure.
The change in total expenditure is always greater than the change in expenditure.
This happens because a change in autonomous expenditure leads to grater change in the induced expenditure
Consequently, the value of multiplier is always greater than 1.
