Answer:
C. 120
Explanation:
The computation is shown below:
(L × K)
<u>Labor L Capital K Quantity of Output Q Total cost TC</u>
1 2 2 $40
2 4 8 $80
(2 × $20 + 4 × $10)
3 6 18 $120
(3 × $20 + 6 × $10)
4 8 32 $160
(4 × $20 + 8 × $10)
As we can see that if we considered 3 units of labor so the total cost is $120
Hence, the correct option is c.
The SG&A Expense/Sales is the tertiary ratio that drives profitability.
<h3>What is
SG&A Expense/Sales?</h3>
This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.
As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.
Therefore, E is correct.
Read more about SG&A
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The government and the authority’s
Explanation:
1. Because marketing of goods must comply with current marketing practices. Trends and consumer perceptions must be maintained. It is important.
This refers to the acquisition, distribution, and marketing of goods, services or trademarks, such as advertisement and market analysis, and the production of the products for customers or end-users.
2. An example of an economic good and an economic service :
Economic goods: cars, furniture, television, and clothing
Economic services: cooking a hamburger, cutting hair
How much taxes they take off
