Answer:
D. Economic value created.
Explanation:
The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.
Following is the formula for calculation of economic value created:
Economic Value Created = Value customer willing to pay - Cost of product
Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:
Economic Value Created = $600 - $400 = $200
So the correct option is option D.
Answer:
The overview of the give scenario is described in the explanation section below.
Explanation:
- The distinction between Floor as well as Function Inspection was that these techniques are being used to eliminate and locate faulty materials until the identical happens in manufacturing. Quality is the key objective of both processes, where expectations are reviewed and evaluated to ensure that the operation is carried out correctly.
- The differences between the parties would be that the system in the Floor Inspection needs to be checked the content in the process mostly on the machine rather than at the beginning of manufacture to ensure that every device or floor is functioning correctly. This would be to ensure that the industrial automation expenses will not go out and then go hand in hand as well as the fault could've been readily identified.
- But from the other side, the Functional evaluation could have the primary purpose verified, which is something the brand is motivated to deliver. For example, an electric motor could've been verified if it has the correct performance and reliability. It doesn't inform us more about the difference throughout all sections, but somehow it provides everyone a wider understanding of both the happiness that comes from inspecting the very same item.
The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.
<h3>What is the cost?</h3>
A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.
Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.
Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.
As a result, opportunity cost describes a decision we must make in order to make another one.
You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.
Check out the link below to learn more about costs;
brainly.com/question/28343978
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Answer:
Supply equals demand
Explanation:
Equilibrium is a situation which occurs when there is a balance between quantity demanded and quantity supplied.
