The firms focus on improving marginal returns. Apart from this, they focus on specialization which increases the output. The amount of labor the firm plans to hire depends on the level of output it requires. The firm keeps adding new workers until output reaches its crest or peak.
Answer:
Equity at August 1st 0
adds: Carmen Camry Investment 101,4000
Net Income 5,410
Subtotal 106,810
Withdrawals -5,950
Carmen Camry capital account at the end of August 31th 100,860
Explanation:
We have to calculae the net income
Fees earned 26,960
office 5,200
rent expense 9,500
salaries expense 5,560
telephone expense 820
miscellaneous expenses 470
Total Expenses 21,550
Net Income 5,410
Then we do the equity stamtent:
beginning + investment + net income - withdrawals = ending
Equity at August 1st 0
adds: Carmen Camry Investment 101,4000
Net Income 5,410
Subtotal 106,810
Withdrawals -5,950
Carmen Camry capital account at the end of August 31th 100,860
Answer:
B. Increasing the production of a good requires larger and larger decreases in the production of another good.
Explanation:
Opportunity cost refers to the foregone units of production of a good in exchange for producing units of another good.
Marginal cost on the other hand refers to additional cost incurred when an additional unit is produced.
Marginal opportunity cost relates to the additional opportunity cost incurred when additional unit of second good is produced in exchange for foregoing or sacrificing units of production of first good.
Increasing marginal opportunity cost would mean as more and more units of good A are produced, for each extra unit of production of Good A, higher units of production of Good B are sacrificed i.e larger and larger decrease in the production of another good.
<span>The officials are expected to have a very good sense of balance. To achieve the office in the first place, the officials are required to cross a tightrope suspended above the ground, reach the middle, and jump as high as they can without falling or otherwise injuring themselves.</span>
Answer:
Option D I, II and IV only are true.
Explanation:
Conflict explanation:
The reason is that their is conflict between marketing and finance that greater the marketing, the greater is the cost to the company. Similarly the greater the production of unit is, the greater is the cost to the company. The conflict between marketing and production department is that greater the marketing of the product is, the greater are the number of units of the product must be produced by the production department. So the statement 1 is correct.
What we derived from conflict explanation?
Marketing objectives can be met by the production meets the demand of the customers. This means the higher is the marketing expense the greater is the stress on production department to produce more to meet demand. This means Statement 2 is also correct.
Statement 3 is incorrect because the higher the inventory levels are, the higher are the cost to company to hold these inventories. So here we have a conflict of finance and production department.
Statement 4 is correct because the primary objective of the production department is producing more to meet the maximum number of customers need and grasp economies of scale.
