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3 years ago

What ways can land contribute to production

Business

1 answer:

wel3 years ago

8 0

Answer:

yes land can contribute to production.

Land is the only place to grow crops and to do farming. if we do good to land by using organic fertilizers then production will also be good. so land is the only source for the production of crops as land provides minerals and vitamins to the plants for the production of crops.

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Fixed cost is: Multiple Choice

otez555 [7]

Fixed cost is an example of any cost that does not change when the firm changes its output, since it is an amount that is set in stone.

6 0

3 years ago

In order to minimize the net cost of pollution reduction, the level of pollution reduction should be the level at which

goldenfox [79]

The marginal benefit that gained by reducing pollution should be more than marginal cost used to reduce pollution.

Explanation:

In order to reduce the net cost for pollution reduction the marginal benefit should be more than marginal cost. If the marginal benefit is more than marginal cost then it will be good for the society . Marginal benefit reduces when there is increase in consumption , when the marginal cost is more than marginal benefit which means by consuming one extra unit the consumer is not getting the satisfaction.

7 0

4 years ago

The marginal propensity to consume ( MPC) is defined as the fraction of a. total income that a household consumes rather than sa

Dmitry_Shevchenko [17]

Answer:

Explanation:

In economics, when the word Marginal is mentioned, it refers to additional, as in one extra unit.

For example when we hear marginal revenue, it means the revenue gotten from selling an additional unit, when we hear or speak of marginal cost, it is the cost of producing or getting one more unit.

Propensity is a tendency, an inclination to do something.

So adding the three words together, marginal propensity to consume will be the tendency or inclination to consume one extra unit as a result of earning extra income.

Hence (MPC) is the fraction of extra income consumed.

I hope the concept is clearer.

5 0

3 years ago

Driscoll Company is considering investing in a new project. The project will need an initial investment of $2,400,000 and will g

leva [86]

Answer:

IRR= 23.375%

Explanation:

Given: Cash flow= $1,200,000

Initial investment= $2400000

Lets first compute IRR for Project, assuming rate of return at 23.375% or 0.233.

Formula: $NPV= \frac{cash\ flow}{(1+r)^{n} } -initital\ investment$

$NPV= \frac{\$ 1,200,000}{(1+0.23375)^{1} }+\frac{\$ 1,200,000}{(1+0.23375)^{2}}+\frac{\$ 1,200,000}{(1+0.23375)^{3}} -\$ 2400000$

NPV has to be equal to zero to know if IRR is correct to find if project worth enough to invest.

⇒ $NPV= \frac{\$ 1,200,000}{1.23375 }+\frac{\$ 1,200,000}{1.5221}+\frac{\$ 1,200,000}{1.8779390} -\$ 2400000$

⇒ $NPV= 972644.37+788364.23+638998.36 -\$ 2400000$

⇒ $NPV= \$ 2400000 -\$ 2400000$

∴ NPV= 0

Hence, 23.375% is the IRR for the project.

6 0

4 years ago

Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs

liubo4ka [24]

Answer: Please see explanation column for answer

Explanation:

A) Journal for enties to record Purchased 2,450 units of copper tubing on account at $52.00 per unit

Materials = 2450units x48.50 = $118,825

Direct materials Quantity Variance=2450x3.50($52-$48.50)= $8,575

Accounts payable = 2450x $52 =$127,400

Account Debit Credit

Materials $118, 825

Direct \materials quantity Variance $8,575

Accounts payable $127,400

b) Journal of Entres to record Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners. Ten units of copper tubing are required, at standard, to produce one air conditioner.

Work in progress = 200x10x$48.5 = $97,000

Direct \materials quantity Variance (2000-1900 units )x48.5 = $ 4845

Materials= 1900x$48.5 =$92,150

Account Debit Credit

Work in progress $97,000

Direct \materials quantity Variance $4845

Materials `$92,150

5 0

4 years ago