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Whitepunk [10]
3 years ago
9

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),

and after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this production exhibit scale economies or scope economies?
Business
1 answer:
cluponka [151]3 years ago
7 0

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

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International trade has always played a role in the U.S. economy. Is this role increasing or decreasing (in terms of exports and
Arturiano [62]

Answer: Option (F)

Explanation:

International trade tends to allow nations to expand their respective markets for commodities, goods and services which otherwise wouldn't have been available. As the outcome of the international trade, market tends to contain the greater competition, thus indirectly tends to have competitive prices, that further brings cheaper commodities home to consumer.

The vital point under this scenario is that within the past decade due to technological transformation the cost of communication has decreased drastically and thus has always impacted International trade.

8 0
3 years ago
To generate ideas for new products, some firms will purchase the rights to use another firm's technology. This is known as\
yKpoI14uk [10]

The purchase of the rights to use another firm's technology in the scenario is known as outsourcing.

<h3>What is outsourcing?</h3>

It should be noted that outsourcing simply means the agreement in which a company hires another company in order to be responsible for certain activities.

In this case, this experienced when the firms purchase the rights to use another firm's technology.

Learn more about outsourcing on:

brainly.com/question/4456416

5 0
2 years ago
You own 310 shares of stock in a firm that currently sell for $55 per share. The company has announced a dividend of $3.20 per s
Nesterboy [21]

Answer:

The value of your portfolio on May 3 is $16,058.

Explanation:

Since it is assumed that there is no tax, the value of a share on ex-dividend date is the current share per share minus the announced dividend per share share. Therefore, we have:

Price per share on ex-dividend date = Current share per share - Announced dividend per share share = $55 - $3.20 = $51.80

Therefore, the value of your portfolio on May 3 which is the ex-dividend date can be calculated as follows:

Portfolio value on May 3 = Number of shares owned * Price per share on ex-dividend date = 310 * $51.80 = $16,058

Therefore, the value of your portfolio on May 3 is $16,058.

8 0
3 years ago
Zoe takes out a discounted loan for $1,200 at a simple interest rate of 6%, but only receives $1,020 into her bank account. What
I am Lyosha [343]

Answer:  35 months

Explanation:

Interest to be paid = 1,200 - 1,020

= $180

This means that;

180 = 1,020 * 0.06 * t

61.2t = 180

t = 2.94 years

In months

= 2.94 * 12

= 35.28

= 35 months

3 0
3 years ago
erkins Company uses the weighted-average method in its process costing system. The company sold 250,000 units during the current
Svetllana [295]

Answer:

Explanation:

The equivalent units of production for conversion costs were:

Ending Inventories:

Work in Process - Eqvivalent units (16000*75%) = 12,000

Finished Goods = 60,000

Add:Units sold during the month =250,000

322,000

Less:

Beginning Inventories:

Work in Process - Eqvivalent units = 0

Finished Goods = 75,000

Equivalent Units of Production = 247,000

3 0
3 years ago
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