Answer:
c. faces a downward-sloping demand curve for its product
Explanation:
Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.
Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.
Answer:
Total production cost is $43,900.
Explanation:
Total production cost refers to the addition of the direct materials, labor costs, and manufacturing overhead costs that are directly related to the production of a good.
From the question, total production cost can be calculated as follows:
Total production cost = Purchases of merchandise + Freight-in = $40,000 + $3,900 = $43,900
Therefore, total production cost is $43,900.
Answer: operations
Explanation:
At the time when products and services are produced or provided to customers, the functional area that is responsible for ensuring that those products and services meet high quality standards is operations.
The people in the operations department are in charge of managing activities that relates to production of goods and services. Some if their functions are managing operations, embracing design, performance improvement, planning, control, and operations strategy.
Compensation
Explanation:
He is trying to compensate her for working dangerous hours
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