I think the deduct checks outstanding should be deducted from the bank balance and deposit outstanding should be added to the bank balance
Answer:
d. Longer product life cycle
Explanation:
Continuous innovation products are the most typical forms of innovation we see among new products every year. The primary reason a brand manager would support innovation investment in such products is <u>Longer product life cycle.</u> In this case of continuous product innovation, the product life cycle is longer in comparison to the existing ones and this is based on the factor that it possess additional factors or attributes that will contribute towards the same.
Answer:
the relationship between output and the factors of production
Explanation:
A production function is an economic concept used to calculate output according to the combination of inputs (production factors). For example, if a firm uses two factors of production: capital (K) and labor (L), the production function shows how the different combination of capital and labor generates different outputs.
Quantity = Function (K;L)
Q = F (K;L) is the production function.
Companies will seek the combination of production factors that will be able to optimize the production function. In other words, there will be a quantity of capital and labor that will optimize the amount produced at the lowest possible cost.
For example:
Q = F (K; L)
Q = F (1;10) = 20
Q = F (8;2) = 15
Q = F (5;5) = 25
By using 1 amount of capital and 10 labor this fictional company produces 20 units. By combining 8 quantities of capital and 2 labor, the production will be 15. The best combination found was 5 units of each factor, which generated a production of 25.
Note: Each company will have a different production function and the best combination of factors may differ. Some companies are capital intensive, others labor intensive. The big challenge for companies is to find the best combination to optimize production, reducing costs and thus increasing revenue.
Explanation:
Part 1 : <u>True</u>, from the details provided about the movie studio total cost last year indicates after substractions of the differences in total
3rd movie cost - 2nd = 132-84 = 48 million
Therefore, the variable costs should greater than or equal to $47 million, but less than $255 million.
Part 2 : <u>False</u>, the marginal cost of producing the first movie was $45 million. And there were three movies made by the firm.
Therefore, the firm's variable costs of producing all three movies last year would be
45 x 3 = 135 million