Answer with Explanation:
The Value-added salespersons are the one with better qualification, trainings, experience and have thorough understanding how the sales mechanism would better work in different circumstances and thus are far much better than the transaction salespeople. Furthermore, they are the one who knows what the customer is desiring and this helps them in adding value to their operations and product. Whereas transactional salesperson add very little value to sell the product because the customer knows about the product features and the presence of the transactional salesperson doesn't have any significant impact on the customer perception.
The expenditure approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP). The expenditure method is the most widely used method when trying to estimate GDP. GDP stands for Gross Domestic Product which refers to the total value of goods and services that are provided in a country over the period of one year.
Answer:
Increases in the production of one good require larger and larger sacrifices of the other good
Explanation:
Option first is correct because the opportunity cost refers to the sacrifice of another commodity in order to increase the production of one commodity. For example, if a country produces two commodities that are wheat and paddy. So if the country wants to increase the production of wheat then it has to decrease the production of paddy. Thus, the magnitude of decrease of paddy is the opportunity cost of wheat. Therefore, option A is correct.
Answer:
R(x) = 150x - 6
Explanation:
Marginal Revenue function = 150 - 12
Revenue function = 
R(x) = 150x - 8*(x^1/3+1) / (1/3 + 1) + c
R(x) = 150x - 8*3/4x^4/3 + c
R(x) = 150x - 6x^4/3 + c
Given R(o) = 0
R(o) = 0 = O + C --- C = O
R(x) = 150x - 6
Answer:
See below
Explanation:
First, we have to compute the actual price
Actual price = Actual cost of material purchased × Actual material purchased
= $201,500 ÷ 10,200 metres
= $19.75
Therefore,
Material price variance
= Actual quantity × (Actual price - Standard price)
= 10,200 × ($19.75 - $19)
= 10,200 × $0.75
= $7,650 favourable
