Answer:
<em><u>Functional </u></em>
Explanation:
<em>Function</em><em>.</em><em> </em><em>a </em><em>relationship</em><em> </em><em>in </em><em>which </em><em>f</em><em>or </em><em>every </em><em>input</em><em> </em><em>there </em><em>exactly</em><em> </em><em>one </em><em>output</em><em>.</em>
Answer: $418,000
Explanation:
The Fixed costs are unavoidable so even if Brenton bought from an outside supplier they would still incur it.
It is therefore not a relevant cost.
The cost of producing internally therefore is;
= 3 + 5 + 3
= $11 per unit
Cost = 38,000 * 11
= $418,000
Maximum they should pay for the part outside is $418,000. Anything more and they would be better off producing for themselves.
Answer:
I'm figuring this out for you!
Explanation:
Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another