Answer:
Uhm what? is this the full question?
Explanation:
Uhm what? is this the full question?
Answer:
Asset turnover 1.42
Return on assets 0.39%
Explanation:
Here, we are asked to calculate the asset turn over and the return on assets.
Mathematically;
Asset turnover = Net sales/Average total assets
Net sales = $35,497
average total assets = (25,633+24,244)/2 = 24938.5
Asset turnover = 35,497/24938.5 = 1.42
The return on assets can also be calculated mathematically.
mathematically, return on assets = Net income/Average total assets
Net income = $98
Average total assets = 24,938.5 from above
= 0.0039 or 0.39%
The correct option for The firm enjoys economies of scope.
economies of scope exist if C(Q1, 0) + C(0, Q2) > C (Q1, Q2) (10 + 5Q1) + (10 + 5Q2) > 10 + 5Q1 + 5Q2 - 0.2Q12Q2.
Economies of scope is an economic theory stating that the average total cost of production decrease as a result of increasing the number of different goods produced. For example, a gas station that sells gasoline can sell soda, milk, baked goods, etc.
Economies of scope is a financial precept wherein a commercial enterprise's unit value to supply a product will decline because the form of its products will increase. In different words, the extra one of kind-but-comparable goods you produce, the lower the total cost to provide each one may be.
Your question is incomplete. Please read below for the missing content.
A firm can produce two products with the cost function C(Q1, Q2) = 10 + 5Q1 + 5Q2 - 0.2Q1Q2. The firm enjoys:
A. economies of scale in the two products separately.
B. economies of scope.
C. cost complementarity.
D. economies of scale in the two products separately and cost complementarity.
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Answer: When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth.
Explanation:
Edg.
