Answer:
B everyone's resources are limited
Explanation:
A trade-off will involve selecting one option from a variety of choices. In a trade-off, one has to forfeit one alternative to enjoy the other. A trade-off is the same as the opportunity cost. The cost of trade-off is expressed as the foregone benefit from the next best alternative.
A trade-off exists because people have to choose the best way to use their limited resources to satisfy unending needs. The few available resources, including time and money, cannot satisfy individuals' and households' needs and wants. People have to prioritize their needs and allocate resources accordingly. Both individuals and firms will often decide to cater to their most pressing needs first. By making those decisions, a trade-off is created.
Answer: $7924. 5
Explanation:
Given the following :
Cost of new equipment and timbers - $275,000
Working capital required - $100,000
Annual net cash receipts - $120,000
Cost to construct new roads in year three - $40,000
Salvage value of equipment in four years - $65,000
Kindly check attached picture for Explanation
Answer:
$ 10512000
Explanation:
The market value of Madison investment which is the aggregate value of the company's investment =$ 12 million
The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240
The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= <em>u</em> + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find <em>u</em>
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( 
)
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200
= 400
Answer:
(B) Is the change in total cost from producing one additional unit of output
Explanation:
Marginal cost is the change in the total cost of production as a result of increasing the quantity produced by one unit.
Diminishing returns causes marginal cost to increase.
Marginal product of labor (MPL) is the change in output as a result of hiring one more unit of labour.
