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Vanyuwa [196]
4 years ago
9

One reason some manufacturing companies have moved production from overseas locations back to the United States is an increasing

preference by U.S. consumers for products made in the United States. If buyers have increased their preference for domestically produced goods and manufacturers believe they can increase revenues by supplying more of these​ goods, firms are following which key economic idea when they return production to the United​ States?
A. The market system relies on the principle of voluntary exchange.
B. Optimal decisions are made at the margin.
C. People are rational.
D. People respond to economic incentives
Business
1 answer:
irina1246 [14]4 years ago
6 0

Answer: People are rational

Explanation:

The firm's are following the economic idea of rationality when they return production to the United​ States.

In Economics, the rationality concept implies that consumers will make a choice based on what they like and what beings them happiness.

Since the United States consumers have an increasing preference for products made in the United States, then the best thing is for the manufacturing companies to move production from overseas locations back to the United States.

Individuals are always rational and will do everything that they think pleases them.ane what they want so it's for the manufacturers to know what they want and give them that in order to help increase their revenue.

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The information contained in a cost of goods manufactured budget most directly relates to the
Lorico [155]

Answer:

The correct answer is C

Explanation:

Cost of goods manufactured (COGM) also known as the cost of the goods completed, it computes the aggregate value of the inventory which was produced during the year and is ready for sale in the market.

The budgeted amount of COGM is computed in the same way as the actual cost of goods manufactured is computed, except the budgeted amounts, the formula is:

COGM = Direct Labor Used + Direct Materials Used + Manufacturing Overhead applied + Work in Progress Inventories (Beginning WIP inventory + Ending WIP Inventory.

3 0
3 years ago
A lab cost $10 million. it had revenues of $6 million and costs of $4 million. what is its return on investment?
Tema [17]

The return on investment is 0.2%.

<h3>What is the return on investment?</h3>
  • Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time).
  • A high ROI indicates that the benefits of the investment outweigh the costs.
  • ROI is used as a performance measure to evaluate the efficiency of an investment or to compare the efficiencies of various investments.
  • It is one method of relating profits to capital invested in economic terms.

To find the return on investment:

  • Return on investment:
  • (6 - 4)/10 = 0.2%

Therefore, the return on investment is 0.2%.

Know more about return on investment here:

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6 0
2 years ago
Devil's advocacy:_____.a. involves generating a plan and a counterplan that reflects plausible conflicting courses of action. b.
Bezzdna [24]

Answer:

d. involves generating a plan and a critical analysis of that plan.

Explanation:

The devil's advocacy is a decision-making technique in which an individual in a group is permitted to become the critic in the decision that should be taken in near future. It prevents the group thinking and increased the high quality decision chances. Also it prevents in making expensive along with the risky decisions

So as per the given options, the option d is correct

4 0
3 years ago
Creditors often include several requirements in a mortgage contract in order to protect their interests. In order to ensure that
muminat

Answer:

prepayment penalty, maintain, insurance, mortgage

Explanation:

Prepayment penalty clause relates to the situation that the borrower shall not prepay the borrowed amount as to the creditor it will be loss in the form of interest, thus, it do not want that the borrower shall collect from any other source.

The property should not loose its value, or the value shall not be degraded as that will result in loss, as when the borrower fails to repay the loan, creditor has the right to sell it, if it will not be maintained the value will degrade.

Insurance is required so that same as in above mentioned point that the value is not lost, and then the value of loan is fully recoverable.

If the value of loan exceeds 80% of value of property there shall be mortgage as the lender ensures his payment and no failure shall be there.

5 0
3 years ago
True or false is April 15th is an important date for people who have a job.
matrenka [14]

Answer:

true

Explanation:

its Tax Day so they are very busy

6 0
3 years ago
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