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irakobra [83]
3 years ago
6

The unit cost of a product is required to compute:

Business
1 answer:
ELEN [110]3 years ago
5 0

Answer:

The answer is: C) The value of the direct labor hours used for production.

Explanation:

A product cost is a cost incurred in the production of a good or service, it includes both direct costs and indirect costs.

A direct cost is a cost that can be traced to the production of a good or service, for example, direct labor and direct materials.

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When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic effic
Sergeu [11.5K]

Complete Question:

When property rights are well defined and markets are competitive, the

Group of answer choices:

a. market equilibrium violates the conditions for economic efficiency.

b. market equilibrium is consistent with economic efficiency.

c. conditions necessary for economic efficiency no longer apply.

d. quantity supplied will rarely equal the quantity demanded.

Answer:

b. market equilibrium is consistent with economic efficiency.

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.

Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.

Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.

<em>This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy. </em>

5 0
3 years ago
Which of the following organizations is a discrete manufacturer? a. A pharmaceutical company in Arizona that manufactures skin c
S_A_V [24]

Answer: is Option D.  <em>A plane turbine manufacturing company in South Africa</em>

<em />

Explanation:

Discrete manufacturing is the production of distinguishable items that can be decayed back into their basic parts. <u><em>For example</em></u><em>:</em> Automobiles, airplanes, furniture, and toys are the examples of discrete manufacturing products.

For industrial purpose the discrete manufacturing contains production of consumer electronics, appliances, computer and related accessories, as well as many other household items. Production of cars and airplanes also falls under discrete manufacturing products. Discrete manufacturing companies manufactures physical items that go straight to the consumers and businesses.

7 0
2 years ago
Due to ____, market forces should realign the cross exchange rate between two foreign currencies based on the spot exchange rate
gayaneshka [121]

Answer:

The correct answer is C

Explanation:

Covered interest arbitrage (CIA), it is an strategy or tool of arbitrage trading, where the investor capitalizes on the rate of interest which is differential among two countries through using the forward contract for eliminate the exposure or cover to exchange the rate risk.

So, because of covered interest arbitrage, the market forces realign the cross exchange rate among two countries grounded on spot exchange rates of two currencies.

8 0
3 years ago
As the Chief Marketing Office (CMO) for a $100 million product company you need to lead the development of marketing plan for th
sveta [45]

Answer:

b

Explanation:

describe the elements of a strategic marketing plan

8 0
2 years ago
HELP PLZZZ NEED THIS FAST
Helen [10]
My head hurts reading this...
6 0
2 years ago
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