Answer:
C
D
C
D
Explanation:
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Variable cost per day = 2 x employees pay + (cost of ingredients x 50)
(60 x 2) + (50 x 2)
120 + 100 = 220
Total cost per day = fixed cost + variable cost per day
220 + 20 = 240
Average fixed cost per day = total fixed cost per day / 50
20 / 50 = $0.40
Vipsana's total cost per day when she does not produce any gyros and does not hire any workers is the cost of rent. Rent is a fixed cost. The firm would still have to pay rent even if its output it zero
Answer:
Peg's contribution to nominal GDP in 2010 was 80000 and in 2011 was 99000
Explanation:
Gross domestic products (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually.
2010 2011
Price_______20 22
Set of nails_4000 4500
80000 99000
Answer:
Cost of goods sold = $6408
Explanation:
given data
beginning inventory = 79 units
cost = $18 per unit
purchased = 485 units
each cost = $18
totaled = 356 units
Sales = $43 each
to find out
cost of goods sold using the LIFO method
solution
we get here Cost of goods sold using LIFO would be here
Cost of goods sold = 356 units @ $18 per unit .................1
Cost of goods sold = 356 × $18
Cost of goods sold = $6408
Answer:
Check the following explanation
Explanation:
Let us consider Porter’s Five forces strategy, in analyzing the particular scenario of Bank and that of the firm which produces T3MP chemical.
As the bank is an early mover in the issuance of ATM cards, the bank definitely got the competitive advantage. As an early mover, the bank faced very low threat of new entrants with regard to distribution of ATM cards. Therefore, the bank could capture a large area of urban region. Also, the switching cost for bank customers is quite high and in the case of banks, generally the individual customers prefer to stick to one or two banks. As an early mover, this was definitely an advantage to the bank. As a result, the bank also got a loyal customer base in the long run. When the brand loyalty was combined with the high switching cost of bank products; in terms of ATM, the entry of a potential competitor was difficult for the bank. Since the ATM cards are unique to each customer and bank, the ATM products adopts a generic differentiation strategy in terms of technology and point of locations. The place is definitely a competitive advantage of bank ATMs and being an early mover, they could capture a large share of customers in the urban areas.
As the ATM cards are specially made for the particular banks, they are definitely a tool for gaining advantage over the competitors. Hence the bank enjoys a definitive leadership in terms of its competitive advantage as an early mover where it could capture a large urban area, and in terms of technology where one bank’s ATM card doesn’t fit into another.
In the case of second firm, which has a 60 percent share of T3MP, faces the threat from substitute products. But T3MP has got the competitive advantage over its substitute product, due to the low bargaining power of customers. T3MP seems to have only a major substitute, whose market share seemed to have dented by the increase in price of the substitute. The low price of T3MP compared to the substitute is definitely a competitive advantage for the firm. This would decrease the competition from the substitute product which in turn will increase the sale of T3MP. Further, the substitute won’t be able to limit the growth of T3MP by setting a sealing price. The firm could increase its marginal returns through increased sale of T3MP. Thus the firm could capture the market share of the substitute which is twice as that of T3MP and could increase its revenue and earning potential.