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3 years ago

Which of the following terms is correct?

Business

1 answer:

slega [8]3 years ago

3 0

Answer:

a. Economic profit takes into account all costs involved in producing a product.

Explanation:

Numeral A is the only correct option in the question.

Economic profit takes into account all costs: explicit costs and implicit costs. Explicit costs are the monetary costs that we incurr when we run a business, such as wages, rent, and utilities.

Implicit costs are the opportunity costs that we incurr, in other words, what we gave up to run the business. For example, if you had a job, and quit to set up the business, your implic cost is the salary that you used to earn.

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Last month, Buren, Inc. manufactured 10,000 units of its only product, and the cost per unit was $60. At this level of productio

julia-pushkina [17]

Answer:

Consider the following calculations

Explanation:

Fixed Cost = 60*50%*10000 = $300000

Variable Cost per unit = 60*50% = $30 per unit

Previous Total Cost Per Unit = $60 per unit

New Total Cost per unit = Fixed Cost + Variable Cost

= 300000 + (10500*30)

= 300000 + 315000

= $615000

New Total Cost per unit = 615000/10500

= $58.57 per unit

Note:-

Fixed cost will remain unchanged irrespective of the increase in the production in units.So total cost per unit decrease.We can see the above effect.

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3 years ago

Which one of the following statements is correct? A) The lessor is primarily concerned with returning the asset at the end of th

Vanyuwa [196]

Answer: E) Lessors provide a source of financing for lessees.

Explanation:

A Lease is a form of financing because in financing, an entity provides funding in the form of assets whether cash or otherwise to another entity to allow them use to operate their business. The entity that was provided with funding will then pay a periodic payment as a way to pay off the funding.

This is what happens in leases. The Lessor is the owner of the asset and they lease it to the Lessee who then uses it and pays a periodic amount to the Lessor for using the asset.

6 0

3 years ago

What kind of growth occurs when leaves and flowers grow to a set size

Murljashka [212]

I believe that's called determinate growth :)

5 0

3 years ago

Read 2 more answers

Initially, workers in the shoe industry and the computer industry earn the same wage. Reductions in trade barriers give domestic

kramer

Answer:

The correct answer is option C.

Explanation:

It is assumed that initially the workers in both shoe as well as computer industry are earning the same wage rate. Now, with the reduction in trade barriers there is an increase in the import demand for shoes.

This further causes domestic prices of shoes to fall. We know that supply and price are directly related, so the domestic supply of shoes will decline as well. As firms produce less shoes, they will need less workers. This causes demand for labor to decline.

At the same time demand for computers by foreign consumers increases contributing to an increase in its price. This will cause an increase in the supply of computers. The firms will need more workers to produce more. As a result demand for labor in computer industry will increase.

5 0

3 years ago

Decisions that relate to the design of the processes and the infrastructure needed to support these processes relate to which OS

Alex_Xolod [135]

Answer:

D. integrating operations and supply chain strategy with a firm's operational capabilities

Explanation:

The pairing of supply chain integration and complexity management is the main enabler for businesses to calibrate between consumers, goods, vendors, and staff as well as through supply chain strategies and operations.

Using these two supply chain strategies essentially allows companies to steer away from sub-optimization and establish a profit cycle: a sequence of organized efforts aimed at bringing out the greatest benefit from each product or product range.

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3 years ago