Answer:
The correct answer is C
C.quantity; total; quantity of labor employed; quantity of a factor of production
Explanation:
Total product is the total volume of output resulting from the employment of all factors of production.
Average product is the output per unit of the variable factor.
Marginal product is the change in total output resulting from a unit change in the output of variable factor
1. Carpet installer (amount of <em>carpet.</em>.)
2. Land surveyor ("land boundaries")
3. Tree trimmer (removes dead <u>branches</u>)
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Kushman Combines Inc. has $20,000 of ending finished goods inventory as of December 31, 2017. If beginning finished goods inventory was $10,000 and the cost of goods sold was $50,000.
We need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
50,000= 10,000 + cost of goods manufactured - 20,000
50,000 + 20,000 - 10,000= cost of goods manufactured
60,000= cost of goods manufactured
Answer: Franchise
Explanation: Franchise is a type of business by which the owner of a commodity attains supply through affiliated sellers.
In this case, a company authorizes its practical knowledge, techniques, mental power possession, use of its company prototype, trademark and rights to sell its branded commodities and services to another company or individual, typically called a franchisee.
Also, the franchisee pays certain payments while concurring to comply with certain responsibilities usually set out in a franchise treaty.