Answer:
Explanation:
Productivity per unput dollar=Fees charged from clients/total cost to firm
There are 3 options:
1. Using current software:
Av time=40 min
Researcher's cost=$2 a min
Total cost=40*2=80
Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5
2.
Using company A's software
Av time=30min
Cost of reducing av time=$3.5
Researcher's cost=$2
Total =30*2+3.5=63.50
Productivity per dollar input=400/63.5=6.3
3.
Using company B's software
Av time = 28 min
Cost of reducing av time=$3.6
Researcher's cost=$2
Total cost=28*2+3.6=59.6
Productivity per dollar input=400/59.6=$6.71
Answer - Using company B's software
Answer:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Explanation:
Just a cheerful teen willing to help...
Answer: The answer is 3 seconds
Explanation: because 24 divided by 3 is 8. Eight must be subtracted 3 times from 24 in order to reach 0.
Answer:
Fixed costs= $73,760
Variable cost= $159,430
Explanation:
<u>First, let's separate the factory overhead costs:</u>
<u></u>
Power and light 40,450
Factory insurance 23,560
Production supervisor wages 118,980
Production control wages 30,930
Factory depreciation 19,270
<u>Now, the fixed and variable costs:</u>
Fixed costs= Factory insurance 23,560 + Production control wages 30,930 + Factory depreciation 19,270
Fixed costs= $73,760
Variable cost= Power and light 40,450 + Production supervisor wages 118,980
Variable cost= $159,430
