Answer: $3 million
<span>Opportunity cost is the cost of choosing one alternative (10% rate of interest in the bank) over another ($2 million in accounting profit) and missing the benefit offered by the forgone opportunity. Opportunity cost is the benefit that the manufacturer could have received, if he will invest in the bank but gave up, to produce pencils instead. In this case, it is 10% of $30 million which is $3 million.</span>
Answer:
Explanation:
Recession- a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
depression- a overwhelming feeling of despair that often leads to sui.ci.al thought or su.ic.ide .
expansion- the action of becoming larger or more extensive.
Answer:
It is more convenient to continue processing.
Explanation:
Giving the following information:
Grace Co. can further process Product B to produce Product C. Product B is currently selling for $60 per pound and costs $38 per pound to produce. Product C would sell for $95 per pound and would require an additional cost of $13 per pound to produce.
To determine the convenience of further processing we need to calculate the contribution margin:
CM= selling price - unitary variable cost
Product B= 60 - 38= 22 per unit
Product C= 95 - 38 - 13= 44 per unit
Answer:
The correct answer is letter "D": normal goods.
Explanation:
Normal Good is any good or service that sees its increase in demand as a result of an increase in income. Normal goods are defined as having an income elasticity coefficient of demand (<em>percentage change in quantity demanded by the percentage change in price</em>) which is lower than one (1) but is still a positive number.
<em>Consumer staples such as food, drugs, beverages, </em>and <em>basic household products</em> are considered normal goods.
In the production of corn meal for baking, corn is ground. This conversion process is an example of process manufacturing.
What is process manufacturing?
- Process manufacturing is a branch of manufacturing that is associated with formulas and manufacturing recipes and can be contrasted with discrete manufacturing, which is concerned with discrete units, bills of materials and the assembly of components.
- Process manufacturing is also referred to as a 'process industry' which is defined as an industry, such as the chemical or petrochemical industry, that is concerned with the processing of bulk resources into other products.
- Process manufacturing is common in the food, beverage, chemical, pharmaceutical, nutraceutical, consumer packaged goods, cannabis, and biotechnology industries.
- In process manufacturing, the relevant factors are ingredients, not parts; formulas, not bills of materials; and bulk materials rather than individual units.
To learn more about process manufacturing: brainly.com/question/15051243
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