The total costs = Total variable costs + Total fixed costs
Given,
Average variable costs = $ 40
Average fixed cost = $ 10
Tablets produced during the year = 250
Total variable cost = Average variable costs × Tablets produced during the year
Total variable cost = 250 tablets × $ 40 = 10,000
Total fixed cost = Average fixed costs × Tablets produced during the year
Total fixed cost = 250 tablets × $ 10 = $ 2,500
Total costs = Total variable cost + Total fixed cost
Total costs = $ 10,000 + $ 2,500 = $ 12,500
Answer: GNP; GDP
Explanation:
<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>
Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.
This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.
Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.
Answer:
a. sales figures
Explanation:
In the case when the design would be made with regard to management support system so it would be significant to remeber that the executives should not care for the sales amount or figures as they do not play any kind of role in the management support system.
So the same would be relevant
Hence, the correct option is a.
Answer:
Some people would be willing to make a large sacrifice in order to help a loved one = Consistent with the Predictions of Traditional Economic Models.
Some people choose to work fewer hours after receiving a raise at work = Consistent with the Predictions of Traditional Economic Models.
Some people prefer to spend an hour doing a task tomorrow to half an hour doing a task today, although the opportunity cost of their time is the same in both periods = Reserved for Behavioral Economics.
Some people treat $70 they earn differently from $70 they win from a lottery ticket = Reserved for Behavioral Economics.
Explanation:
The behaviors of people generally cannot completely be predicted. However, there are certain suggestions made on the behaviors of people by the traditional economic framework as well as the behavioral economists. These suggestions have been used by different professional to qualify the behaviors of people in a certain way (as illustrated in the answers above).
Answer: Agency by federal law
Explanation: An agency relationship is the relationship between the principal and agent, in which the principal gives the agent legal authority to act on his or her behalf while dealing with a third party.
Ratification, estoppel, operation of law and agreement are the ways through which such relationship can be formed.
