Answer:
Total production cost is $43,900.
Explanation:
Total production cost refers to the addition of the direct materials, labor costs, and manufacturing overhead costs that are directly related to the production of a good.
From the question, total production cost can be calculated as follows:
Total production cost = Purchases of merchandise + Freight-in = $40,000 + $3,900 = $43,900
Therefore, total production cost is $43,900.
<span>False. The bottom of the pyramid innovation or 'BoP' innovation refers to people who lives at the bottom of the society generally are hard to adept to new technologies and innovations. However, in recent years, 'BoP' innovation has been proven to have a huge market.</span>
Answer:
Income effect
Explanation:
The effect is because the customer purchasing power has been changed due to which he is now able to buy more to fulfill his needs and wants. The income effect occurs due to two reasons.
Number 1. The real income of the person has been increased which means his purchasing power has been increased. This means previously you were earning $2000 a month and now you are earning $10000 a month. Now you can buy New Iphone every month because your real income has been increased and this has increased your purchasing power.
Number 2. The price of the product has been fallen and now it is in range of the purchasing power of the customer. This means that if Iphones 11 are available at $100 then everybody buy Iphone 11. This is because the product is in the range of purchasing power of greater number of customers.
Answer: Winners curse
Explanation:
Winners curse could be seen as a situation where all bidders have the same value for an item and they receive a private signals where in most occasions the winner is that individual that over estimate or overpays for the bid. When the winner of the bid exceed the true worth of that item. Most Ines this can result to loss in order to carry out the work, due to the bidder overestimated in their bid.
Answer:
The main determinant of profit is in any business is the number of production units.
Hope this helps..
Explanation:
