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3 years ago

As a firm produces more units of a good, its

Business

1 answer:

AURORKA [14]3 years ago

6 0

Answer:

fixed costs remain constant in the short run and its variable costs rise.

Explanation:

Fixed costs are the expenses that do not vary with the production level in a period. Fixed costs will, therefore, remain constant in the period regardless of the production level. Examples of fixed costs include rents, depreciation, and administrative salaries.

Variable costs vary with the output level. They are the expenses that increase as production increase and decrease as output decreases. In other words, variable expenses are directly proportional to the production level. Examples of variable costs include packaging and raw materials.

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The XYZ Chemical Company must ship 9,500 gallons of pesticides from its plant in Cincinnati, Ohio, to a customer in Columbia, Mi

never [62]

Answer:

Henderson = $1,200

Central States = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

Explanation:

The question is to do an evaluation of the costs of use Henderson Bulk Trucking Company or the Central States Railroad

Step 1) Determine the cost of using Henderson

What is the cost per tank truck = $600

What is the capacity in gallons = 700 galloons

However, since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of 2 trucks from Henderson as follows

The cost of Henderson Bulk Trucking = $600 x 2 = $1,200

Step 2) Determine the cost of using Central Railroad

What is the cost per tank truck = $1000

What is the capacity in gallons = 23,500 galloons

since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of only one of the trucks

The cost of Central Roilroad= $1000 x 1 = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

3 0

3 years ago

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ___________ level

Zielflug [23.3K]

Answer:

1. Actual Price

2. Misperceptions theory.

Explanation:

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ACTUAL PRICE level in the economy deviates from the expected price level. Several theories explain how this might happen.

For example, the MISPERCEPTIONS THEORY asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100 Year.

The above explanations is the reason why the aggregate supply curve slopes upward in the short run

4 0

3 years ago

On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new sup

Luden [163]

Answer:

$92,400

Explanation:

Supplies expense for 2020 would be calculated as;

= Ending balance in supplies account on December 31, 2019 + Payment for new supplies in 2020 - Balance in supplies account at the end of year 2020

Given that ;

Ending balance in supplies account = $48,400

Payment for new supplies = $86,000

Balance in supplies account at the end of year 2020 = $42,000

Therefore,

Supplies expense for 2020

= $48,400 + $86,000 - $42,000

= $92,400

6 0

2 years ago

Relish Corp. is a famous fast food chain in the United States. However, increasing competition affects the company's market. Nic

Gwar [14]

Answer:

Participative leadership style

Explanation:

Path goal theory is a leadership theory that specifies the leadership style that should be used in an organization to achieve a goal based on the employees and the working environment. The following steps are to be taken based on the path goal theory:

Determine the employee and environmental uniqueness based on their needs.
Selecting a leadership style and adjusting this style based on the employees need.
Focusing on how to motivate the employee to achieve the goal

Participative leadership style is a style in which leaders involves their subordinates by asking them for suggestions before making a decision. This style is best used when subordinates are highly involved and trained.

8 0

3 years ago

Read 2 more answers

The point at which birth and death rates balance is called

yawa3891 [41]

Answer:

B balancing growth

Explanation:

4 0

3 years ago