A firm's operations drive its structure. <br> a. True <br> b. False

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or serv

Ira Lisetskai [31]

Answer:

The correct answer would be option D, Consumers.

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.

Explanation:

In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.

For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.

So in this way, customers determine the prices of the products.

Learn more about Consumers at:

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8 0

3 years ago

Read 2 more answers

The constraint at Pickrel Corporation is time on a particular machine. The company makes three products that use this machine. D

rosijanka [135]

Answer:

JT, SM, VD

Explanation:

Calculation to rank the products in the order in which they should be emphasized

VD JT SM

Selling price per unit

$ 344.85 $ 415.40 $ 119.32

Less:Variable cost per unit

$ 270.18 $ 310.88 $ 91.96

Contribution per unit

$74.67 $104.52 $27.36

÷Minutes on the constraint 5.70 6.70 1.90

=Contribution per minut

$13.10 $15.60 $14.40

Ranking

VD $13.10 Third

JT $15.60 First

SM $14.40 Second

JT, SM, VD

Therefore the product will be rank from the highest to the lowest which is JT, SM, VD

5 0

3 years ago

Distinguish between the costs of having a basic checking account and an interest-bearing checking account

boyakko [2]

Answer:

Checking account is what you can use, and ibca is account that has interest rate.

Explanation:

3 0

3 years ago

Concord Corporation reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw mate

jek_recluse [69]

Answer:

Concord Corporation's cost of goods manufactured for the year is $2,490,000

Explanation:

For computing the cost of goods manufactured, we have to use the formula which is given below:

= Opening Work in progress inventory + Direct material used + direct labor + manufacturing overhead - ending work in progress inventory

In the given question, the direct material used is not given, so we have to compute it. The formula is given below:

= Opening balance of raw material inventory + Purchase of raw material - ending balance of raw material inventory

= $300,000 + $930,000 - $480,000

= $750,000

And, the other values will remain the same.

So, the answer would be equal to

= $1,080,000 + $750,000 + $870,000 + $690,000 - $900,000

= $2,490,000

Hence, Concord Corporation's cost of goods manufactured for the year is $2,490,000

3 0

3 years ago

Lump-sum taxes are rarely used in the real world because:_______________

labwork [276]

Answer:

c. lump-sum taxes are often viewed as unfair because they take the same amount of money from both poor and rich.

Explanation:

To understand this question, you have to first understand what lump-sum taxes are.

Lump-sum taxes are a system of taxes where everybody pays the same amount of tax no matter their economic status, or their actions. Basically, lump-sum taxes take the same amount of money from the rich and the poor, hugely increasing the burden on the poor and lessening that of the rich.

As an example, a lump-sum tax of $100 would require everybody to pay $100. To a person earning, say $120, that would be a huge hit, and be a huge burden on his normal life. However, to a rich person who earns, say, $10000, that would be much more easier for the rich person.

Hence, lump-sum taxes are often viewed as unfair because of the unfair advantage the rich have over the poor in tax-paying.

Hope this helped!

4 0

2 years ago

A firm's operations drive its structure. a. True b. False