Answer:
a. $300 and $60
b. 50 shirts and $750
Explanation:
The computation is shown below:
a. The total revenue would be
= Number of shirts sold × selling price per shirts
= 20 shirts × $15
= $300
The variable cost would be
= Number of shirts sold × materials used in one shirt
= 20 shirts × $8
= $160
b. The net profit is
= Selling price per shirts - materials used in one shirt
= $15 - $8
= $7
And, the cost of using the equipment is $350
So, the break-even sales is
= $350 ÷ $7
= 50 shirts
And, the revenue is
= 50 shirts × $15
= $750
Answer:
1- experiential
Explanation:
Based on the scenario being described it can be said that the observational approach Best Western used is called experiential research. This is a kind of research in which the subjects contribute to the content of the research as well as the creative thinking that helps the researchers draw conclusions from the content. Which is what the subjects are technically doing by filming their entire vacation experience for the research.
<span>The most important social skill in the workplace is having a positive attitude.
</span>
Additional information:
>Social skill<span> is any </span>skill<span> facilitating interaction and communication with others
</span>>Workplace social skills<span> plays a very important rule, specially</span><span> nowadays because of </span><span> the evolving nature of work. </span>
Answer:
Option 2 is only correct.
Explanation:
The reason is that the physical capital is the physical assets used for production of goods and services whereas the Technological knowledge refers to the knowledge of increasing the productivity by utilizing physical capital. So these two statements were incorrect.
The second statement is correct because the better tools or technology we have the better we can produce. This means these technological tools helps workers to produce more so the statement is correct.
Answer:
c. absolute advantage over Kilim.
Explanation:
Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countries use the same amount of resources. Given this information, it can be deduced that Ithilium has absolute advantage over Kilim.
Comparative advantage refers to when a company produces the same number of outputs with <u>lower opportunity costs </u>while absolute advantage is when a country <u>produces more outputs from less resources</u>.
In the scenario, we are not given opportunity costs and we are not looking at the costs of producing a unit of output but rather how much output a country can get from a given level of resources which is in line with the concept of Absolute Advantage.
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