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Papessa [141]
3 years ago
6

In the Solow growth model with population growth, but no technological progress, the steady-state amount of investment can be th

ought of as a break-even amount of investment because: the quantity of investment just equals the amount of:
A) output needed to achieve the maximum level of consumption per worker.

B) capital needed to replace depreciated capital and to equip new workers.

C) saving needed to achieve the maximum level of output per worker.

D) output needed to make the capital per worker ratio equal to the marginal product of capital.
Business
1 answer:
Sveta_85 [38]3 years ago
6 0

Answer: the steady-state amount of investment can be thought of as a break-even amount of investment because: the quantity of investment just equals the amount of: "B) capital needed to replace depreciated capital and to equip new workers."

Explanation: According to the Solow growth model an economy is in a steady state when it makes the most efficient use of its resources. That is, the state in which the saving or investment is equal to the depreciation of capital.

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ABC Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $34 Variable
adelina 88 [10]

Answer:

Contribution margin per unit= $21.6

Explanation:

Giving the following information:

Selling price per unit $34

Variable costs per unit:

Direct material $6

Direct manufacturing labor $2.40

Manufacturing overhead $0.80

Selling costs $3.20

<u>The contribution margin is calculated by deducting from the selling price all the variable components:</u>

Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 34 - 6 - 2.4 - 0.8 - 3.2

Contribution margin per unit= $21.6

6 0
3 years ago
Construction of new homes is considered part of: 2 points A. investment spending. B. consumption. C. government spending. D. pri
Lisa [10]

Answer:

The answer is A.

Explanation:

Construction of new homes is counted as part of investment spending in computing the GDP because they can be rented or leased out for generation of income.

Option B is incorrect because this is not private spending.

Option C is incorrect because it has nothing to do with government

Option D is incorrect because this is not a form of private saving while the question has nothing to do with the stock market (option E)

4 0
3 years ago
Write a memo to management detailing the various classification of costs and provide two reasons for which it is important to cl
STatiana [176]

Answer:

Dear Management

Classifying costs in an essential part of the management of a business. Classifying costs help us identify more accurately where the money that the firm is spending is going, and this also allows us to identify what costs to raise or to cut.

Costs can be classified according to their nature: labor costs or material costs.

They can also be classified according to their traceability: direct costs (can be traced back to the final product), or indirect costs (cannot be traced back to the final product).

They can also be classified according to their behaviour: variable costs, mixed costs, and fixed costs.

And, they can be classified according to their function: production costs, commercial costs, administrative costs, and so on.

As can be seen, the classifications are numerous, and very important, and any well-run company makes use of these classifications in order to improve the performance of the business.  

6 0
4 years ago
In his daily work, President Clinton was known to rely not only on his cabinet members, but also on task forces, committees, inf
Dovator [93]

Answer:

Ad hoc

Explanation:

Adhocracy is a style of organization that is adaptable and flexible and doesn't have a formal structure which allows to use multidisciplinary teams that are organized by functions. This type of organization groups people together to solve a particular problem or develop a specific task.

According to this, the answer is that this style of staff organization is called ad hoc because President Clinton maintained a flexible structure that allowed him to adapt it to include people in certain situations according to the needs.

4 0
3 years ago
Consumer electronics is an example of a product developed in which variant of the generic product development process?
Elza [17]

Answer:

<u>Platform products</u>

Explanation:

Platform product refer to those products whose design is used as a basis or serve as a platform in designing subsequent similar products. For example, all electronics work on some similar principles.

For instance, a refrigerator or an air conditioner, both utilize a compressor for cooling.

Consumer electronics are characterized under platform products since electronics include whole family of products which use electricity for working. A music system or a television, both run on electricity and share some common operating principles.

8 0
3 years ago
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