Answer:
Shows the output that is produced using different combinations of inputs combined with existing technology
Explanation:
The production function is an <u>expression that links the different amount of inptuts used in the production process and the final output obtained with each combination of inputs, with a given tehcnology.</u>
As an example, if a economy produces only popcorn, a production function would be an expression that shows hou much popcorn that economy can produce with different combinations of corn and sugar, with a given technology.
Explanation:
The journal entry is as follows
Account payable A/c Dr $1,800
To Merchandise Inventory A/c $36
To Cash A/c $1,764
(Being the amount due is paid)
The computation is shown below:
For Account payable
= $2,000 - $200
= $1,800
For Merchandise inventory
= ($2,000 - $200) × 2%
= $36
And, the remaining balance is credited to the cash account
I’m assuming you mean that the contribution margin is $50 not 50. Contribution margin usually takes into account variable costs but not fixed costs. Assuming the profits take into account fixed costs this means that the net contribution should be $35,000 ($30,000 profit + $5,000 fixed costs = net contribution). That means that 700 units must be sold in order to generate $35,000 (700 x $50)
Because the two brands are interchangeable, they buy more shoes from the second competing manufacturer at given low price.
In the viewpoint of the purchaser, substitute items are same, similar, or equivalent to some other commodity. Customers' demands can be met completely or partially by substitute items. As a result, the customer feels they may be substituted for one another.
So,
<u>Option "B" </u>is the correct answer to the following question:
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It’s the second option 1 and 4